By: Ben Halsey, Superintendent & Nancy Squairs, Business Administrator Oswego City School District Where Learning Never Ends…

Vision & Core Values Mission: The mission of the Oswego City School District is to empower all students to reach their full potential in the best possible engaging learning environment. Goals: Identify and implement elements of highly effective instruction. Implement strategies to increase graduation rates. Create and maintain an engaging, safe and motivating environment that promotes meaningful connections with all students. Support fiscally responsible budgets and manage within district priorities. Conduct administrative staffing study of school district for effectiveness and efficiency identifying any areas of need and/or superfluity. 2

Agenda Governor's Executive Budget Proposal Governor’s State Aid Proposal Oswego City School District Revenue & Expense Projection Closing the GAP 3

Governor’s Executive Budget billion billion Increase of 807 million dollars Total Education Aid to districts increases by 3.8% NYS has $2,000,000,000 Billion Dollar Surplus

State Aid Total aid $17,582,355$17,647,466 GEA $-1,737,674$-1,737,674 (Gap Elimination Adjustment) GEA Restoration $ 0$ 321,423 Building Aid $ 3,484,183$ 3,322,000 Total Aid $19,328,864$ 19,553,215 $ Change 224,351 % Change Total Aid 1.15%

The GAP ELIMINATION ADJUSTMENT to

Revenue Sources Approximately.19 cents of every dollar we receive is State Aid. Approximately.25 cents of every dollar we receive is Property & Sales Tax. Approximately.29 cents of every dollar is generated by pilot agreements. 7

Revenue Projection Revenue Source Budget BudgetVariance State Aid Property Taxes including STAR PILOT Agreements Use of Fund Balance2.72.0(.7) All Other2.51.8(.7) Total$78.2$78.5$.3 $ in millions

Expenses Chart as % of total Budget Expenditure

Expense Projection Expenditures Budget BudgetVariance General Support Instruction Transportation Employee Benefits (.1) Debt Service & Interfund Transfers Total$78.2$ $ in millions

Pension Cost

GAP Revenue Source BudgetTotal Projected Revenue75.5 Use of Fund balance2.0 Proposed increase in Levy1.0 Total Revenue78.5 Projected Expenses81.5(81.5) Budget GAP3.0 $ in millions

Tax Rate

Tax Levy

Enrollment

Staff

Next Steps Questions?