1. 2018-2019 Capital & Administrative Budget

2. Budget Calendar January 22, 2018
Budget Development, Assumptions, Parameters
February 12, 2018
Administrative and Capital Component
February 22, 2018
Special Meeting – Personnel Audit
March 5, 2018
Program Component & Revenue
March 19, 2018
Budget Workshop (if needed)
April 3, 2018
April 16, 2018
Nominating Petitions Due to District Clerk
April 19, 2018
Adoption of Budget
May 7, 2018
Budget Hearing
May 15, 2018
BUDGET VOTE

3. Tax Levy Calculation 2018-2019 2017-2018 Tax Levy @ July 1, 2017
$59,161,047
$57,610,236
Tax Base Growth Factor
1.0254
1.0082
$60,663,738
$58,082,640
PILOTS June 30, 2018
$ 1,641,846
$ 1,809,191
Capital Tax June 30, 2018
$( ,889)
$( ,743)
$61,528,695
$59,279,088
Allowable Levy Growth Factor
$62,759,268
$60,026,004
PILOTS receivable June 30, 2019
$( 1,833,021)
$(1,641,846)
Total Levy Limit Before Exclusions
$60,926,247
$58,384,158
Capital Tax Levy June 30, 2019
$ ,348
$ ,889
Tax Levy Limit
$61,679,595
4.26%
Increase to Stay Within Simple Majority
$ 2,518,548

4. Important Facts At This Time
Retirements
Due by March 1st for administrators
Bids
Sanitation, HVAC, Plumbing & Electrical
Negotiations
Secretarial/Paraprofessionals & CSEA
Health Insurance
Expected Increase in Premiums between 7% - 8%
BOCES & BOCES Administration Costs
Based on retirees, health insurance increases, etc.

5. CAPITAL COMPONENT

6. - HVAC Position, 3 PT Custodians
CAPITAL COMPONENT
Inc. (Dec.)
Salaries
$ 2,846,698
$ 2,944,248
$ ,550
- 37 FT Cleaners, 3 PT Cleaners
- 9 Maintenance & Grounds
- 2 Secretaries, 2 Supervisors, Summer
Help, OT
- HVAC Position, 3 PT Custodians
Equipment
$ ,850
$ ,850 $
- Mower, Tractor, Pickup Truck/Plow
Dump Truck/Plow
Contractual Expenses
$ ,000

7. - EPEX for Natural Gas & Propane
CAPITAL COMPONENT
Inc. (Dec.)
Fuel & Utilities
$ ,500 $
- EPEX for Natural Gas & Propane
Supplies & Materials
$ ,383
$ ,815
$ ,432
- Increase due to price increases
BOCES
$ ,000
- Air, lead, water testing, fire
inspections
Property Tax Refunds
$ ,000
$ ,000
$( ,000)

8. VALLEY CENTRAL SCHOOL DISTRICT
CAPITAL COMPONENT
Inc. (Dec.)
Debt Service
$ 3,458,950
$ 2,101,828
$( 1,357,122)
VALLEY CENTRAL SCHOOL DISTRICT
DEBT
Issue Year
12/15/2006
6/14/2012
2/15/2014
Not Bonded
TOTAL
Rate
3.8591%
4%**
2.0%
Proposition
Safety & Preservation
EXCEL
Minimal & Essential
EAT Project
Proposition Date
5/17/2005
1/17/2008
5/17/2011
1/29/2015
Bond
$ ,000,000
$ ,820,000
$ ,190,000
$ ,875,000
$ ,885,000
Pd Thru 6/30/18
$ ,100,000
$ ,960,000
$ ,675,000
$ ,760,000
$ ,735,000
Prin 6/30/18
$ ,000
$ ,860,000
$ ,515,000
$ ,115,000
$ ,150,000
Principal
$ ,000
$ ,000
$ ,000
$ ,028
$ ,443,028
Interest
$ ,000
$ ,700
$ ,100
$ ,000
$ ,800
Total Payments
$ ,000
$ ,700
$ ,100
$ ,028
$ ,101,828
Balance at June 2019
$ ,000
$ ,495,000
$ ,075,000
$ ,776,972
$ ,706,972

9. CAPITAL COMPONENT 2017-2018 2018-2019 Inc. (Dec.)
Capital Inter-fund Transfer
$ ,000
$ ,000 $
Employee Benefits
$ 1,619,184
$ 1,533,739
$( ,445)
- health ins, ERS, Vision, Dental, Workers’
Comp, Unemployment ins, ACA fees
TOTAL CAPITAL COMPONENT
$10,520,565
$ 9,167,980
$( 1,352,585)

10. Capital Component 2017-2018 2018-2019 Inc (Dec) Salaries $ 2,846,698
$ 2,846,698
$ 2,944,248
$ ,550
Equipment
$ ,850
$ ,850 $
Contractual Expenses
$ ,000
$ ,000
Fuel & Utilities
$ ,500
$ ,500
Supplies & Materials
$ ,383
$ ,815
$ ,432
BOCES
$ ,000
$ ,000 $
Property Tax Refunds
$ ,000
$ ,000
$( ,000)
Debt Service
$ 3,458,950
$ 2,101,828
$( 1,357,122)
Capital Inter-fund Transfer
$ ,000
$ ,000 $
Employee Benefits
$ 1,619,184
$ 1,533,739
$( ,445)
TOTAL CAPITAL COMPONENT
$10,520,565
$ 9,167,980
$( 1,352,585)

11. ADMINISTRATIVE COMPONENT

12. Administrative Component 2017-2018 2018-2019 Inc (Dec)
Board of Education
$ 15,000 $
District Clerk & District Meeting
$ 83,908
$ 86,890
$ 2,982
- District Clerk Salary, Vote Expenses
Superintendents’ Office
$ 370,475
$ 333,386
$( 37,089)
- Superintendent and Confidential
Secretary Salary
- Receptionist transferred to Business
Office
- Equip, Contractual Expenses, S&M

13. Administrative Component 2017-2018 2018-2019 Inc (Dec)
Business Office
$ 609,932
$ 783,691
$ 173,759
INCLUDES:
- Salaries
$ 428,272
$ 595,598
$ 167,326
- Asst. Supt, A/P, P/R, Treasurer,
Staff Attendance, Receptionist,
Student Registration, Clerk duties
transferred to Business Office, ICA
- Equipment $ $
- Contractual Expenses
$ 147,000
$ 152,000
$ 5,000
- Fiscal Agent Fees, Auditing Fees,
Machine Maintenance, Software, Tax
Collection
- Supplies & Materials
$ 37,000
- BOCES
$ 28,660
$ 30,093
$ 1,433

14. Administrative Component 2017-2018 2018-2019 Inc (Dec)
Legal
$ 100,000 $
- fees for general and labor counsel
administrative portion
Personnel
$ 251,891
$ 172,803
$( 79,088)
- Administrative Assistant, 2 PT Clerks
- Transferred Staff Attendance,
Student Registration, Clerk duties to
Bus.Office
- Contractual Expenses, S&M, BOCES
District Printing
$ 20,000
Special Items
$ 954,243
$ 987,026
$ 32,783
- All insurances, school dues, BOCES
Administrative Costs

15. Administrative Component 2016-2017 2017-2018 Increase
Curriculum Development & Supervision
$ 432,365
$ 453,332
$ 20,967
- Asst Supt, Dir of Data & Testing,
Administrative Asst, Clerk, Para
Supervision Regular School Day
$2,973,109
$3,021,158
$ 48,049
- ES, MS, HS Principals, Asst. Principals,
Office Staff
- Includes a new position at ALC titled
Principal and Dir of Curr Dev
- Equipment, Contractual Expenses,
S&M
Employee Benefits
$2,221,238
$ 2,372,800
$ 151,562
- ERS, TRS, HI, Vision, Dental, WC, ACA
TOTAL ADMINISTRATIVE COMPONENT
$8,032,161
$ 8,346,085
$ 313,924

16. Administrative Component
Inc (Dec)
Board of Education
$ 15,000
$15,000 $0
District Clerk & District Meeting
$ 83,908
$86,890
$2,982
Superintendent’s Office
$ 370,475
$333,386
$(37,089)
Business Office
$ 609,932
$783,691
$173,759
Legal
$ 100,000
$100,000
Personnel
$ 251,891
$172,803
$(79,088)
District Printing
$ 20,000
$20,000
Special Items
$ 954,243
$987,026
$32,783
Curriculum Development & Testing
$ 432,365
$453,332
$20,967
Supervision Regular School Day
$2,973,109
$3,021,158
$48,049
Employee Benefits
$2,221,238
$2,372,800
$151,562
TOTAL ADMINISTRATIVE COMPONENT
$8,032,161
$8,346,085
$313,924