1. PERRY CENTRAL SCHOOL
BUDGET WORKSHOP
MARCH 27, 2017

2. BUDGETARY ASSUMPTIONS
.18% STATE AID INCREASE
BUDGET-TO-BUDGET = $20,439
1 FTE TEACHING STAFF INCREASE
Teaching High School English Teacher

3. TOTAL EXPENDITURE INCREASE $374,026 (2.08%)
EXPENDITURE ANALYSIS
COST REDUCTIONS
SCHOOL LIBRARY & AUDIO VISUAL DECREASE $26,132 (-9%)
DEBT SERVICE DECREASE $74,876 (-3%)
SPECIAL EDUCATION SUMMER SCHOOL DECREASE $120 (-1%)
INCREASED COSTS
OVERALL GENERAL SUPPORT INCREASE $49,193 (2%)
INSTRUCTIONAL INCREASE $265,401 (3%)
PUPIL TRANSPORTATION INCREASE $26,584 (3%)
EMPLOYEE BENEFITS INCREASE $107,844 (3%)
TOTAL EXPENDITURE INCREASE $374,026 (2.08%)
School Library & Audio Visual is a reduction in BOCES services budgeted

4. REVENUE ANALYSIS
PROPERTY TAXES (TO BE DETERMINED BY BOARD OF EDUCATION)
FOUNDATION AID INCREASE $101,154
STATE AID DECREASE FOR EXPENSE-DRIVEN AIDS (-$80,715)
FEDERAL AID NO DOLLAR CHANGE
APPROPRIATED FUND BALANCE (TO BE DETERMINED BY BOARD OF EDUCATION)
RESERVES (TO BE DETERMINED BY BOARD OF EDUCATION)

5. YEAR-TO-YEAR EXPENDITURES
ADOPTED BUDGET
PROPOSED
BUDGET $
CHANGE
GENERAL SUPPORT
$ 2,537,746
$ 2,586,939
$ 49,193
INSTRUCTIONAL
8,748,598
9,013,999
265,401
PUPIL TRANSPORTATION
895,352
921,936
26,584
EMPLOYEE BENEFITS,DEBT SERVICE, SPECIAL EDUCATION SUMMER SCHOOL
5,763,779
5,796,627
32,848
TOTAL EXPENDITURES
$ 17,945,475
$ 18,319,501
$ 374,026

6. YEAR-TO-YEAR REVENUES
ADOPTED BUDGET
PROPOSED
BUDGET $
CHANGE
PROPERTY TAX
$ 6,213,776 $
STATE AID
11,055,647
11,076,086
20,439
FEDERAL AID
45,000
-0-
MISCELLANEOUS
179,520
180,256
736
INTERFUND TRANSFER FROM DEBT SERVICE
APPROPRIATED FUND BALANCE
451,532
RESERVES
TOTAL REVENUES
$17,945,475
$17,966,650
$ 21,175
GAP TO FILL $352,851

7. WHERE DO WE GO FROM HERE?

8. TAXES
RESERVES
VS.

9. 2016-17 ADOPTED LEVY ZERO ($0) INCREASE
PROPERTY TAX CAP
BUDGET
BUDGET
1% OF LEVY
$ 62,138
2% OF LEVY
$ 124,276
CALCULATED MAXIMUM ALLOWABLE LIMIT PERCENTAGE (REQUIRES SIMPLE MAJORITY 50% PLUS 1)
0.247%
1.91 %
CALCULATED MAXIMUM ALLOWABLE LIMIT DOLLARS
$ 15,348
$ 118,683
ADOPTED LEVY ZERO ($0) INCREASE

10. POTENTIAL LEVY INCREASE
TOTAL $ LEVY INCREASE
TAX RATE
POTENTIAL
TAX RATE
INCREASE PER $1,000 OF ASSESSED VALUE
ANTICIPATED INCREASE $100,000 HOME 1%
$ 62,138
$16.58
$16.75
$ .17 $
1.5%
$ 93,207
$16.83
$ .25 $
1.91%
$ 118,683
$16.90
$ .32 $ 2%
$ 124,276
$16.92
$ .34 $

11. ANTICIPATED INCREASE $100,000 HOME
FILLING THE GAP
LEVY % INCREASE
GAP TO FILL
TOTAL $ LEVY INCREASE
RESERVES REQUIRED
DEBT
SERVICE
FUND
INCREASE TO
APPROPRIATED
BALANCE
ANTICIPATED INCREASE $100,000 HOME 0%
$352,851 $
$183,421
$118,905
$ 50,525 $ 1%
$ 62,138
$230,642
$ 60,071 $
1.5%
$ 93,207
$209,644
$ 50,000 $
1.91%
$ 118,683
$184,168 $
2.%
$ 124,276
$ 178,575 $

12. RESERVE STATUS RESERVE PROJECTED 16-17 BALANCE
PROJECTED BALANCE NO LEVY INCREASE
PROJECTED BALANCE 1% LEVY INCREASE
PROJECTED BALANCE 1.5% LEVY INCREASE
PROJECTED BALANCE 1.91% LEVY INCREASE
WORKER’S COMP
$ 631,379
UNEMPLOYMENT
499,507
RETIREMENT CONTRIBUTION
874,845
691,424
644,203
665,201
690,677
EMPLOYEE BENEFIT
396,095
TAX CERTIORARI
30,014
INSURANCE
25,154
LIABILITY
537,935
CAPITAL
805,698
REPAIR
68,395
PROJECTED RESERVE BAL
$3,869,022
$3,685,601
$3,638,380
$3,659,378
$3,684,854

13. DECISIONS TO MAKE REDUCE EXPENDITURES INCREASE REVENUE BY:
INCREASING PROPERTY TAXES
UTILIZING RESERVES
LEGISLATIVE STATE AID RESTORATION (?)
FOUNDATION AID
Full Phase in Level $7,526,959
Current Governor’s Projection 7,112,143
Underfunding of formula $ 414,816
Percent of Levy Underfunded Foundation Aid
6.68%
COMBINATION OF AFOREMENTIONED

14. REMAINING BUDGET SCHEDULE
APRIL 1, NYS BUDGET DUE
APRIL 10, BUDGET ADOPTION
APRIL 24, BUDGET DUE TO NYS
MAY 8, BUDGET HEARING
MAY 16, BUDGET VOTE