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Chenango Forks Central School District
Budget Hearing May 4, 2017
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Budget Development Process
Submission of Program Budgets Based on Need Review of Staffing Levels to Best Meet Student Needs Review of State Aid and Revenue Sources Available to Support the Budget BOE Discussion and Adoption of the Budget
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What’s New In The Budget?
Added a 15:1:1 Classroom to the Middle School to help defray Special Education costs and providing for K-12 instruction in house. Upgraded music instruments. Reduced the District’s reliance on fund balance.
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Proposed 2017-2018 Expenditure Budget
Increase Salaries & Benefits $20,054,947 $20,245,568 $190,621 Debt Service $3,661,481 $5,004,416 $1,342,935 BOCES Services $5,087,931 $5,167,072 $79,141 Contract Transportation $1,420,278 $1,383,790 ($36,488) Utilities & Fuel $751,400 $715,563 ($35,837) Other Expenses $2,815,832 $2,506,112 ($309,720) TOTAL $33,791,869 $35,022,521 $1,230,652
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Proposed 2017-2018 3-Part Expenditure Budget
Increase Administrative $3,630,239 $3,620,860 ($9,379) Program $23,994,436 $23,911,623 ($82,813) Capital $6,167,194 $7,490,038 $1,322,844 TOTAL $33,791,869 $35,022,521 $1,230,652
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Administrative Component
Budget Budget Increase BOE $26,147 $25,062 ($1,085) Central Administration $194,903 $212,006 $17,103 Finance $508,325 $532,639 $24,314 Staff $237,570 $209,709 ($27,861) Central Services $189,589 $96,314 ($93,275) Special Items $333,407 $354,311 $20,904 Curriculum & Supervision $1,060,961 $1,112,985 $52,024 Employee Benefits $1,079,337 $1,077,834 ($1,503) TOTAL $3,630,239 $3,620,860 ($9,379)
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Program Component 2016-2017 Budget 2017-2018 Budget Increase
Teaching Regular $7,288,605 $7,492,748 $204,143 Teaching Special $4,663,741 $4,738,380 $74,639 Summer School $4,070 $4,210 $140 Pupil Personnel $2,861,344 $2,782,526 ($78,818) Transportation $2,132,115 $1,987,993 ($144,122) Census $1,000 $0 Employee Benefits $7,001,061 $6,862,266 ($138,795) Inter-Fund Transfers $42,500 TOTAL $23,994,436 $23,911,623 ($82,813)
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Capital Component 2016-2017 Budget 2017-2018 Budget Increase
O&P Maintenance $1,877,955 $1,824,454 ($53,501) Refund of Taxes $1,000 $0 Employee Benefits $526,758 $560,168 $33,410 Debt Service $3,661,481 $5,004,416 $1,342,935 Other Transfers $100,000 TOTAL $6,167,194 $7,490,038 $1,322,844
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2017-2018 Proposed Revenue Budget
Increase Tax Levy $11,533,996 $0 State Aid $18,826,591 $20,717,949 $1,891,358 Other Revenue $1,758,652 $1,559,245 ($199,407) Reserves $257,630 $296,331 $38,701 Fund Balance $1,415,000 $915,000 ($500,000) TOTAL $33,791,869 $35,022,521 $1,230,652
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2017-2018 Anticipated State Aid
State Aid is increasing $1,891,358 Building Aid increase is $1,429,648 of the total state aid increase and this offsets the Debt Service increase of $1,342,935
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The proposed tax levy for the district in total will not increase.
Tax Levy Increase = 0% The proposed tax levy for the district in total will not increase. Individual tax bills will have changes due to changes in assessments and equalization rates set by the state.
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Tax Levy Increase = 0% 2017-2018 Proposed Tax Levy
Tax Levy Limit = .43% The District’s Proposed Tax Levy is $49,027 less than the Tax Levy Limit
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Budget Highlights 2016-2017 Budget 2017-2018 Budget Increase
Total Expenditures $33,791,869 $35,022,521 $1,230,652 3.64% Tax Levy $11,533,996 $0 0%
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Contingency Budget Under Contingency the District’s budget would be reduced for: All non-computer hardware equipment The small $100,000 capital project $9,000 of Administrative Costs Contingent Budget $34,793,921 Contingent Tax Levy $11,305,396
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Budget Vote May 16, 2017 Noon – 8:00 p.m. High School Auditorium
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