1. 2016-17 Budget Budget Workshop #2 January 27, 2016

2. 2016-17 State Aid – Executive Budget Total $23.76 billion in state support for public schools  Increase of $991 million (4.20%), as compared to approved 2015-16 budget $961 million increase in formula aids $22 million in Empire State Prekindergarten Program for 3 year olds $4 million for Early College High Schools $2 million for QUALITYstarsNY

3. 2016-17 State Aid – Executive Budget Foundation Aid - $15.856 billion (increase of $266 million) GAP Elimination Adjustment - $244 million – adjusted to provide for growth in school aid over 2015-16 by $189 million through a GEA Restoration formula Community Schools Aid - $100 million to expand the 2015-16 budget initiative to support turn-around efforts for “persistently failing” schools. $75 million is allocated amongst 17 school district with a failing or persistently failing school. The remaining $25 million will be available to other high-need school district statewide that do not have a failing or persistently failing school. (Tier 2)

4. 2016-17 State Aid – Executive Budget High Tax Aid - $223.298 million – frozen at 2014-15 amounts Public High Cost Excess Cost Aid - $600.53 million (increase of $67.6 million)* Private Excess Cost Aid - $330.81 million (increase of $9.9 million* BOCES Aid - $861.66 million (increase of $42.8 million)* Transportation Aid - $1.78 billion (increase of $90.8 million)* Building Aid - $3.025 billion (increase of $19.5 million)* Textbook, Software, Library and Computer Hardware Aid - $283.43 million (increase of $5.3 million); amount per pupil under current law * - no formula aid change enacted

5. State Aid Update State Aid 2015-16 State Aid 2016-17Inc (Dec) FOUNDATION AID 6,909,504 6,962,01652,512 COMMUNITY SCHOOLS AID -58,936 UNIVERSAL PREKINDERGARTEN 117,933 - BOCES + SPECIAL SERVICES 505,971 479,702(26,269) HIGH COST EXCESS COST 37,618 -(37,618) PRIVATE EXCESS COST 103,402 106,2282,826 HARDWARE & TECHNOLOGY 11,307 10,841(466) SOFTWARE, LIBRARY, TEXTBOOK 61,919 60,594(1,325) TRANSPORTATION INCL SUMMER 1,167,567 1,172,4854,918 HIGH TAX AID 347,920 - GAP ELIMINATION ADJUSTMENT (307,367) (29,796)277,775 GEA RESTORATION 277,571 29,796 (247,775) GAP ELIMINATION ADJUSTMENT (29,796) - 29,796 SUBTOTAL 9,233,345 9,316,65583,310 BUILDING + BLDG REORG INCENT 1,576,031 1,605,194 29,163 TOTAL 10,809,376 10,921,849112,473 1.04%

6. 2016-17 State Aid 2012-132013-142014-152015-162016-17 Foundation Aid6,805,5976,826,0136,884,0346,909,5046,962,016 20,41658,02125,47052,512.30%.85%.37%.76% Totals$156,419 or 2.30%

7. Gap Elimination Adjustment (GEA) 2010-112011-122012-132013-142014-152015-162016-17 GEA984,2331,252,0141,085,803685,572307,36729,796- Total4,344,785

8. Tax Levy Limit 2015-162016-17 Prior Year (2016) Tax Levy$9,241,272$9,460,904 Tax Base Growth Factor 12/31/15 1.0018 1.0028 9,257,8069,487,395 Prior Year PILOT (2015-16)-- Prior Year Exemptions(236,799)(293,757) Adjusted Prior Year Levy9,021,0079,193,638 Allowable Growth Factor (1.12%) 1.0162 1.0012 9,167,1479,204,670 2015-16 Exemptions 293,757 313,945 Maximum Allowable Tax Levy$9,460,904$9,518,615 2.38%0.61% $219,732$57,711

9. Tax Levy History 2011-122012-132013-142014-152015-162016-17 2.00%2.39%2.68%2.51%2.38%0.61%* If increase levy >.61% will require budget vote passing at 60%.1% of tax levy generates $9,461 of tax revenue

10. 2016-17 Budget Development Rollover budget December 16, 2015  Budget Gap of approx. $980,000  Est. State Aid – 2% increase $199,425 Update Budget January 27, 2016  Executive State Aid Increase $112,473  Tax Levy Increase - 0.61%57,711 $170,184  Budget Gap of approx. $1,009,000

11. 2016-17 Budget Development Potential Changes  Legislative Budget – Changes to State Aid  Tax Levy – Increase with 60% vote  Major Expenditures Health Insurance – Projection vs. Actual Special Education Final TRS and ERS Rates

12. Advocacy Foundation Aid  Fund Properly Tax Levy  Allowable Growth Factor -.0012% GEA  No Longer a concern for Middleburgh CSD TELL Middleburgh’s Story

13. Voting Day NYS Law: Optical Scanners or Paper Ballots Contract with Schoharie County Board of Elections  Poll Book Affidavits  Inspectors  Optical Scanners  Voting Booths  Ballots  Less than $1,000 (includes cost of inspectors)  Revote Issue – June

14. Fiscal Stress Monitoring System The goal of the System is to inform both municipal leaders and taxpayers of the budgetary and economic challenges facing their locality so that actions can be taken when appropriate to avoid a fiscal crisis.

15. Fiscal Stress Monitoring System Uses data that is already submitted by local governments and school districts to calculate a fiscal stress score and to classify an entity in:  Significant fiscal stress (65-100%)  Moderate fiscal stress (45-64.9%)  Susceptible to fiscal stress (25-44.9%)  No designation (0-24.9%)

16. School Financial Indicators Year-end fund balances (50%)  Unassigned and total fund balance Operating deficit/surplus (20%)  History Cash Position (20%) Use of short-term debt for cash flow (10%)  Amount, frequency

17. School Environmental Indicators Change in property value Change in enrollment Budget vote defeats Graduation rates Free/reduced price lunch

18. Middleburgh Fiscal Stress Scores FYEFiscal Stress Score Fiscal Stress Designation Environmental Score Environmental Designation 201320.0%No Designation15.8%No Designation 201420.0%No Designation23.3%No Designation 201513.3%No Designation16.7%No Designation