1. PROPOSED BUDGET 2019-20 Overview and Revenue Projections
Budget Preview
February 5, 2019
Inspiring Minds, Empowering Achievements, Building Community

2. Mission Statement
The Garden City School District seeks to create an environment for learning which enables each student the opportunity to grow as an individual as well as a group member while striving to achieve the optimal level of academic, social and personal success.
Students will thrive in a learning environment that is developmentally appropriate, individualized and challenging.
Our goal and responsibility is to help each student develop an enthusiasm for learning, a respect for self and others, and the skills to become a creative independent thinker and problem solver.

3. Garden City Public Schools
A long tradition of high achievement
Excellent “return on investment”
A history of sound fiscal management
A commitment to continuous improvement
A key element in making Garden City a
“destination location”
A major component of the local economy

4. Garden City Public Schools
AA1 bond rating
Collaborative relationship with Village government
Participation in county & regional consortia seeking to lower costs
District provides its own bus transportation

5. Budget Drivers Salaries & benefits State & Federal mandates
State standards and regulations
Enrollment and class sizes 
School security and student safety
Tax levy increase is determined by state legislation School Funding Formula

6. District Priorities
Ensure the continued tradition of excellence in teaching and learning
Provide a safe learning environment 
Continue to enhance the use of technology
Maximize the use of personnel at all levels
Adhere to BOE class size guidelines
Maintain and expand course offerings
Ensure school buildings and facilities continue to be safe, clean, well-maintained, and energy efficient

7. $117,999,968 Proposed 2019-2020 Budget: Budget to budget increase:
$2,194,685 or 1.90%
Projected tax levy increase
(with STAR):
2.08%
Maximum Allowable Tax Levy:
2.08 %

8. The Tax Levy Cap: How It Works and the Challenges It Presents

9. Tax Levy Cap Not exactly a “cap” Not really 2%
Instead, requires 60% voter approval if the proposed tax levy is above the “tax levy limit”
There is an 8-step formula for determining the “tax levy limit”

10. How is the tax levy cap computed?

12. CPI History: An Average Far Below 2%
CPI Used for Tax Cap Calculation
Actual CPI
2.00%
2.10%
1.46%
1.62%
0.12%
1.26%
2.13%
2.44%

14. 2019-20 Proposed Budget Sources of Revenue
State Aid
Local Revenue
PILOTs (Payments in Lieu of Taxes)
Appropriation from Reserves
Fund Balance Allocation
Property Taxes

15. 2019-20 REVENUE SOURCES Category Budget 2018-19 Proposed 2019-20
Dollar Change
State Aid
5,857,317
6,359,414
502,097
Local Revenue
1,723,800
1,387,700
(336,100)
PILOT
3,986,853
3,831,999
(154,854)
Appropriation from Reserves
920,000 -
Fund Balance
2,500,000
2,590,000
90,000
Inter-fund Transfer
150,000
Property Taxes including STAR
100,667,313
102,760,855
2,093,542
TOTAL
115,805,283
117,999,968
2,194,685

16. Revenues from State Sources
Summary of Revenues
Revenues from State Sources
Actual
Budget
Proposed Budget
Foundation & Other Operating Aids
$ 3,084,433
2,553,462
2,592,667
Transportation
205,144
205,756
474,104
BOCES
449,606
438,900
466,100
Special Education
2,295,950
2,294,335
2,461,356
Textbook
257,990
262,703
261,727
Computer Software
72,489
72,973
73,217
Library Materials
30,243
29,189
TOTAL STATE AID
6,395,855
5,857,318
6,359,414

17. Summary of Revenues

18. Revenue Category Percentages
Proposed Budget
% of Overall Budget
State Aid
6,359,414
5.39
Local Revenue
1,387,700
1.18
PILOT
3,831,999
3.25
Use of Reserves
920,000
0.78
Fund Balance
2,590,000
2.19
Inter-fund Revenue
150,000
0.12
Property Taxes including STAR
102,760,855
87.09
TOTAL
117,999,968
100.00%

19. 2019-20 Proposed Budget: Sources of Revenue

20. Building Our Budget Step I Roll over existing budget to new year
Maintain all programs/services at current levels
Identify changes in population/enrollment
Include all mandated increases
Add any new mandates
Review existing programs for efficiencies
Explore new program service options to benefit students

21. Building Our Budget Step II Revenue Determination
State, Federal, Local, other
Calculate Tax Levy Limit
Figure gap between allowable Tax Levy Limit and initial expenditure budget
Reduce controllable costs
Maximize available reserves
Recalculate the gap
Review options for eliminating the gap
Focus on non-program changes
Propose budget that functions within the Cap

22. Budget Calendar Budget Work Sessions Date
Overview of the Proposed Budget and Revenues
February 5, 2019
All Non-Instructional/Administrative/Capital Components
February 12, 2019
Instructional Components – Part I
March 6, 2019
Instructional Component – Part II
March 12, 2019
Adoption of District Budget
April 16, 2019
Budget Hearing
May 14, 2019
Budget Vote and Election
May 21, 2019