Fund Balance and Net of Operations 2014/2015

EXPENDITURES

TOTAL BUDGET = 27,820,000 TOTAL EXPENDITURES = 26,169,000 BUDGET $ 1,651,000 UNDERSPENT 5.94% of Projected Budget

FUND BALANCE ANALYSIS (Budget underspent) GEN SUPPORT241,000438,000307,000520,000223,000 INSTRUCT261,000197,000566,000(90,000)806,000 TRANSP210,000121,00070,00064,000144,000 UNDISTR499,0001,314,0001,037,000442,000478,000 TOTALS1,211,0002,070,0001,980,000936,0001,651, GEN SUPPORT B&G Sal, Elec, Cont B&G Sal, Utilities DO, B&G Sal, Electric Legal, Pub, BOCES (m) Util, BOCES, B&G Sal INSTRUCT Salaries, Equip Salaries, BOCES (m) SPED, Health, Comp Svces Charter, SPED, Lib Sal Salaries, BOCES, SPED TRANSPSalaries G&D, M&S G&D, Sal UNDISTREmpl Benes

GENERAL SUPPORT = 223,000 – FINANCE (Treas., Bus Admin) = 40,000 – STAFF (Legal, Personnel) = 45,000 – CENTRAL SERVICES (Op plant. Mail) = 90,000 – SPECIAL ITEMS (BOCES Admin) = 38,000 TRANSPORTATION = 144,000 – SALARIES = 30,000 – PARTS, TIRES, CONTRACTUAL = 40,000 – GAS, DIESEL, ELECTRIC = 55,000 – EQUIPMENT = 20,000

INSTRUCTION = 806,000 – TEACH REG SCHOOL = 470,000 Salaries = 360K Charter Sch = 50K Textbooks = 22K BOCES = 12K – SPED = 210,000 Salaries = 50K BOCES = 183K – INSTRUCTIONAL MEDIA = 37,000 Lib sal (clerk) = 17K BOCES = 20K – PUPIL SERVICES = 83,000 Attendance = 7K Guidance = 15K Health = 15K Psych = 10K Co-curr = 26K Athletics = 9K

UNDISTRIBUTED EXPENDITURES = 485,000 - EMPLOYEE BENEFITS = 460,000 Health Ins = 200K Soc Sec = 85K TRS = 130K ERS = 73K Unemploy = 13K WC = 10K -DEBT SERVICE = 15,000 BAN = (20K) Elevator = (40K ) Savings from financings = 75K

CONSIDERATIONS OPERATION PLANT: – Equip & Contr codes overspent by $ 113,000 – Utilities underspent by $ 115,000 – Utility exp $ 52,000 less than 13/14 SALARIES (All General Fund) – Salaries underspent by $675,000 – This leads to underspending related benefits – Analysis created for Office NYS Comptroller and provided to BOE.

ACTUAL EXPENDITURES GEN SUPPORT2,669,0002,567,0002,708,0002,667,0002,685,000 INSTRUCT12,158,00012,237,00012,233,00013,067,00013,144,000 TRANSP827,000876,000916,000938,000947,000 UNDISTR7,361,0007,980,0008,423,0008,927,0009,393,000 TOTALS23,015,00023,660,00024,280,00025,599,00026,169,000 INCREASE225,000645,000620,0001,319,000570,000 9

REVENUES

TOTAL BUDGET = 27,820,000 TOTAL EXPENDITURES = 26,169,000 ACTUAL REVENUE = 26,820,000 (Planned Appropriation = 1,512,000) NON-APPROPRIATED REVENUES $335,000 OVER-PROJECTED AMOUNT 1.26% of Projected Revenue Budget

STATE AID = 377,400 MISCELLANEOUS = – INTEREST/PENALTY TAXES = 20,000 – REFUNDS prior yr = 50,000 – GIFTS/OTHER = 78,000 – BOCES refund = (45,000) – INTEREST = (10,000) TAXES/PILOTS = (130,000)

ACTUAL REVENUES BUDGET24,377,90625,275,50326,000,00026,536,29627,820,000 STATE AID6,353,8946,342,6736,617,0847,132,6887,754,271 FED AID455,8476,37542,36733,24121,230 MISC1,124,387956,563874,8681,030,690853,276 PILOT2,677,3152,509,7432,209,6452,060,4751,769,441 TAXES13,351,15713,954,45114,724,97215,695,53916,421,598 ACTUAL23,962,60023,769,80524,468,93625,952,63326,819,816 TAX RATE$ 18.48$ 19.10$ 19.84$ 20.69$

SUMMARY

NET OF BUDGET OPERATIONS (Actual v. Actual) REVENUES23,963,00023,770,00024,469,00025,953,00026,820,000 EXPENSES23,015,00023,660,00024,280,00025,599,00026,169,000 FUND BALANCE ,000189,000354,000651,000 What did we do with it? Inc Appropr, Add UE reserve Inc Appropr,UA>4% Inc Appropr, UA>4% NO ACTION YET 15

SUMMARY OF BUDGET OPERATIONS No appropriation of District fund balance ($1,335,000 original plan, then $1,512,000) Planned appropriations for of 440K Total Fund Balance in excess of Unassigned allowance = $ 936,807