BUDGETARY OVERVIEW OF BUDGET DEVELOPMENT April 10, 2007 Board of Education Meeting

SCHOOL BUDGET Significant Budgetary Considerations 1. Impact of Tax Certiorari Claims/Settlements 2. Changes in Assessed Valuation 3. Transportation 1. BOCES and purchase of replacement buses, or Bid for new service 4. Incarcerated Youth 1. Increase in allocation/increase in resulting state aid

SCHOOL BUDGET Significant Budgetary Considerations 5. Health Insurance Increases 6. Salary Increases 7. Retirement Cost Increases 8. Workers Compensation/Liability Insurance Cost Increases 9. High School Tuition Increases

March 6, Draft # 1 Budget $22,284,194 The Initial Draft Budget provides for: Budget to Budget Increase of 9.28% Projected Tax Rate Increase: With Assessment Changes: Greenburgh18.72% Mt. Pleasant18.20% Without Assessment Changes: Greenburgh7.50% Mt. Pleasant7.03%

March 12 Draft # 2 Budget $21,830,565 Draft # 2 Budget dated March 12, 2007 provides for: Budget to Budget Increase of 7.05% Projected Tax Rate Increase: With Assessment Changes: Greenburgh16.34% Mt. Pleasant15.83% Without Assessment Changes: Greenburgh5.35% Mt. Pleasant4.88%

March 12 Draft # 3 Budget $22,041,265 Draft # 3 Budget Dated March Provides for: Budget to Budget Increase of8.09% Projected Tax Rate Increase: With Assessment Changes: Greenburgh17.09% Mt. Pleasant16.57% Without Assessment Changes: Greenburgh6.02% Mt. Pleasant5.55%

March 26, 2007 Possible Budget Deletions From Draft # 3 A1010-BOARD OF EDUCATIONPage CONTRACTUAL EXPENSES $ 4, Supplies & Materials $ 2,000 $6,150 A1040-District ClerkPage Contractual Expenses $ 8,000$8,000 A1240 – SUPERINTENDENTPage Contractual Expenses $ 1, Supplies & Materials $ 1,900$3,100

March 26, 2007 Possible Budget Deletions From Draft # 3 A1310-Business AdministrationPage Non Instructional Salaries $ 7, Materials & Supplies $ 1,500 $11, BOCES Service $ 2,500$11,500 A 1325-TreasurerPage Non-Instructional Salary $ 5,000$ 5,000 A1380-Fiscal Agent $ 650$ 650

March 26, 2007 Possible Budget Deletions From Draft # 3 A1480-Public Information ServicesPage Contractual Expenses$ Materials & Supplies$ 2,500$ 3,000 A1620- CENTRAL SERVICESPage – Fuel Oil$ 20, Contractual Expenses$ Materials & Supplies$ 4,000$24,750 A1621- MaintenancePage Non Instructional Salaries$ 1,000$ 1,000

March 26, 2007 Possible Budget Deletions From Draft # 3 A2020-INSTRUCTIONAL SUPERVISIONPage Non Instructional Salaries$ 2, Contractual$ 2,000$ 4,500 A2110 – TEACHING REGULAR SCHOOL Page Teacher Salary 1-5$ 90, Non Instructional Salaries$ 19, Equipment$ 5, Contractual$ 2, Materials & Supplies$ 7, Textbooks$ 35,210$ 159,651

March 26, 2007 Possible Budget Deletions From Draft # 3 A2250- STUDENTS WITH DISABILITES Page Teacher Aide$ 19, Equipment$ 1,000$20,110 A2610-SCHOOL LIBRARY & AV Page Materials & Supplies$ 16,125 A2630-Computer Assisted Instruction 490-BOCES SERVICES$ 12,506$28,631

March 26, 2007 Possible Budget Deletions From Draft # 3 A2855-INTERSCHOLASTIC ATHLETICSPage Non Instructional Salaries$ 5,000$ 5,000 A8070-CENSUSPage Contractual$ 15, Software$ 2, BOCES Services$ 5,940$22,988 TOTAL$316, Draft 3$22,041, Draft 4$21,724,610 Difference$ 316,655

March 26, 2007 Possible Budget Deletions From Draft # Increase (Decrease) Administrators Clerical Custodial Teachers Teacher Asst Teacher Aides (2.0) Monitors Total (1.5)

Draft #4 Budget Highlights of The Budget Partial Playground Replacement $ 8,000 Tractor Replacements $ 43,270 Social Worker Salary/Benefits $ 50,000 Instructional Supplies & Materials $ 100,074 Replacement of 2 large buses $ 50,000 Interscholastic Program $ 45,398 Summer Camp $ 260,688 Swim Program $161,754 After School Program $ 52,948

March 6, Draft # 4 Budget $21,724,610 The Draft 4 Budget provides for: Budget to Budget Increase of 6.53% Projected Tax Rate Increase: With Assessment Changes: Greenburgh15.02% Mt. Pleasant14.51% Without Assessment Changes: Greenburgh4.09% Mt. Pleasant3.63%

Summary of Draft 4 Budgetary Increases/ (Decreases) Salaries$ 368,424 Equipment$ ( 1,014) Contractual$ 7,534 Supplies$ ( 29,461) Tuition$ 677,658 Textbooks$ (43,313) BOCES$ 129,933 Incarcerated Youth$ 437,424 Benefits$ 186,536 Debt Service$ 48,866 Capital Projects$ (450,000) Total$ 1,332,587

Tax Rate Comparison Tax Rates School True ValueTaxes on DistrictTax Rate$500,000Index $9, $7, $7, $6, $5, $4, Pocantico 7.10$3,

Assessed Valuation Mt. PleasantGreenburgh ,715,48441,933, ,631,07341,723, ,248,57240,879, ,870,15640,827, est.15,274,06534,961, /07-08 Change (596,091) (5,865,813) Tax Rate Impact: 10.88% 10.93%

Assessed Valuation Mt. Pleasant Before Changes Affecting

Assessed Valuation Mt. Pleasant After Tax Certiorari Claim Settlements Decrease of $596,091

Assessed Valuation – Greenburgh Before Changes Affecting

Assessed Valuation – Greenburgh After Tax Certiorari Claim Settlements Decrease of $5,825,813

Questions/Comments Received Since March 26, Since the newsletter has already been designed and formatted for some time, have someone in-house layout the information or get a price from the printer to continue the same. This is how the newsletter at the Katonah Museum is done. 2. Allow the custodians to make routine repairs around the school, rather than hiring consultants and only use outside companies when they can’t.

Questions/Comments Received Since March 26, Add some tuition paying students during the school year. One per each grade year would make a difference. Actively advertise the camp for tuition paying students so the cost of the camp is a wash. 2. When appropriate, hire new staff at lower salaries than retiring staff.

Questions Received Since March 26, Why are we looking to spend more money on technology, over $150,000, when only 3% of the total Pocantico population polled (via the telephone poll recently held) was interested in focusing on technology as an increased educational initiative? 2. Salaries are the highest cost in any service related industry- such as education. Why are we now increasing our salaries over $368,000? The board is also asking to increase that number by hiring a social worker which puts the total amount over $400,000. This present budget and salary increase sets our school budget up for future salary increases through raises, mandatory retirement contribution, health, dental, vision, life insurance, etc. This represents 40% of the 1,332,589 proposed budget- a significant result. Why?

Questions Received Since March 26, Health benefits are escalating in every industry which in turn, is requiring the individuals to incur a higher percentage responsibility. Benefits are projected at $186,536 for the proposed budget. What can we do to help control our costs for benefits? school library- why are we asking for a proposed salary of $107,725 when the past librarian who is now retiring was making $104,513? operations and maintenance-160-non-instr salaries-why are we looking for more than $75,000 in overtime/part time? district related transportation-you are asking us to approve a budget over 45,000 in overtime. Why are we spending so much money on overtime and why are we projecting such a huge increase in future overtime?

Questions Received Since March 26, What are the 9 th and 10 th period costs, and are there other options? 2. What is the minimum that the District can budget for the IPA to maintain the effort to date? 3. How much has overtime for non-instructional staff increased in the draft budget?

Questions Received Since March 26, How much money would we save if the 9 th and 10 th periods were eliminated? 2. What classes does this impact? 3. How many students would this impact?

Contingency Budgets Single revote: Upon the defeat of the original proposed school budget, a district may resubmit the original budget, submit a revised budget, or adopt a contingency budget. If the voters fail to approve the budget upon the second vote, the district must adopt a contingency budget. Expanded definition: Interscholastic athletics, field trips, other extracurricular activities, and related transportation expenses are contingent expenses.

Contingency Budgets Administrative cap: The administrative component of a contingency budget will be limited to the lesser of: 1) the percentage of the administrative component in the prior year’s budget or 2) the percentage of the administrative component in the last defeated proposed budget. Cap on total spending: Total spending under a contingency budget may not increase by more than 120 % of national CPI or 4.00%, whichever is lower. For the cap is 3.84 %.

Contingency Budget How the contingency/austerity budget cap is calculated: Adopted Budget$19,916,971 Less Debt Service$( 489,309) Adjusted Base Year Budget$19,427,662

Contingency Budget How the maximum contingency/austerity budget cap is calculated: Adjusted Base Year Budget$19,427,662 Adjusted Budget x 120% of CPI3.84% $20,173,684 Debt Service $ 538,175 Growth Related Expenditures$ 726,925 Maximum Contingency Budget$21,438,784 Required Budgetary Cuts$ 285,826 Projected Tax Rate Increase: Greenburgh:15.98% Mt. Pleasant:15.47%

Tax Rate Impact Draft 4 Budget Greenburgh A/V ContingencyDifference Annual Tax Tax Increase Tax Increase Annual Monthly 1,000$250 $ 33 $ 3 $ 35 ( $ 2) 5,000$1,087 $ 163 $ 14 $174 ( $10) 10,000$2,523 $ 327 $ 27 $382 ( $20) 14,000$3,532 $ 457 $ 38 $ 487 ( $29) 17,000 $4,253 $ 556 $ 46 $ 591 ( $35) 20,000$5,004 $ 654 $ 54 $695 ( $42) Note: Contingency Budget does not contain revenue producing programs such as summer camp and swim program.

Tax Rate Impact Draft 4 Budget Mt. Pleasant A/V ContingencyDifference Annual Tax Tax Increase Tax Increase Annual Monthly 1,000$ 545 $ 69 $ 6 $ 74 ( $ 5) 5,000$ 2,726 $ 345 $ 29 $ 368 ( $23) 10,000$ 5,451 $ 691 $ 58 $ 736 ( $45) 14,000$ 7,632 $ 967 $ 81 $1,031 ( $64) 17,000 $ 9,267 $1,174 $ 98 $1,252 ( $77) 20,000$10,902 $1,382 $115 $1,473 ( $91) Note: Contingency Budget does not contain revenue producing programs such as summer camp and swim program.

Possible Areas of Expense Reduction Summer Camp/Swim Program Student Supplies Community Use of Buildings and Grounds Certain Equipment Software Staff Technology Overtime Field Trips

Tax Rate Table BUDGET AMOUNT IMPACT ON TAX RATE $ 100,000.68% $ 150, % $ 250, % $ 500, % $ 750, % $ 1,000, %

BUDGETARY OVERVIEW OF BUDGET DEVELOPMENT