1. Chenango Forks Central School District
Budget Hearing
May 7, 2015

2. 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

3. Proposed 2015-2016 Expenditure Budget
Increase
Salaries & Benefits
$18,957,790
$19,705,088
$747,299
Debt Service
$3,503,217
$3,120,662
($382,556)
BOCES Services
$4,226,751
$4,476,068
$249,317
Contract Transportation
$1,450,000
$1,405,000
($45,000)
Utilities & Fuel
$889,000
$866,281
($22,719)
Other Expenses
$2,199,671
$2,681,801
$482,130
TOTAL
$31,226,429
$32,254,900
$1,028,471

4. Proposed 2015-2016 Expenditure Budget

5. Proposed 2015-2016 Expenditure Budget
Increase
Administrative
$3,462,064
$3,553,137
$91,073
Program
$21,850,991
$22,901,448
$1,050,457
Capital
$5,913,374
$5,800,315
($113,059)
TOTAL
$31,226,429
$32,254,900
$1,028,471

6. Administrative Component
Budget
Budget
Increase
BOE
$19,507
$19,081
($426)
Central Administration
$175,079
$184,186
$9,107
Finance
$453,384
$473,401
$20,017
Staff
$156,764
$257,402
$100,638
Central Services
$234,245
$187,175
($47,070)
Special Items
$325,193
$329,970
$4,778
Curriculum & Supervision
$948,903
$1,068,296
$119,393
Employee Benefits
$1,148,989
$1,033,626
($115,364)
TOTAL
$3,462,064
$3,553,137
$91,073

7. Program Component 2014-2015 Budget 2015-2016 Budget Increase
Teaching Regular
$6,214,333
$7,042,386
$828,053
Teaching Special
$4,017,350
$4,077,034
$59,684
Summer School
$4,262
$5,549
$1,287
Pupil Personnel
$2,525,781
$2,738,193
$212,412
Transportation
$1,928,836
$2,013,521
$84,685
Census
$1,000 $0
Employee Benefits
$7,121,429
$6,981,265
($140,164)
Interfund Transfers
$38,000
$42,500
$4,500
TOTAL
$21,850,991
$22,901,448
$1,050,457

8. Capital Component 2014-2015 Budget 2015-2016 Budget Increase
O&P Maintenance
$1,773,639
$2,008,614
$234,975
Refund of Taxes
$1,000 $0
Employee Benefits
$535,518
$570,039
$34,521
Debt Service
$3,503,217
$3,120,662
($382,555)
Other Transfers
$100,000
TOTAL
$5,913,374
$5,800,315
($113,059)

9. 2015-2016 Proposed Revenue Budget
Increase
Tax Levy
$11,308,948 $0
State Aid
$16,828,981
$17,867,883
$1,038,902
Other Revenue
$1,473,500
$1,563,069
$89,569
Fund Balance
$1,615,000
$1,515,000
($100,000)
TOTAL
$31,226,429
$32,254,900
$1,028,471

10. 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.

11. Tax Levy Increase = 0% 2015-2016 Proposed Tax Levy
Tax Levy Limit = 0.92%
The District’s Proposed Tax Levy is $103,975 less than the Tax Levy Limit

12. 2015-2016 Anticipated State Aid
State Aid is increasing $1,038,902
The Gap Elimination Adjustment (GEA--take back of state aid), was reduced by $1,029,141

13. Budget Highlights 2014-2015 Budget 2015-2016 Budget Increase
Total Expenditures
$31,226,429
$32,254,900
$1,028,471
3.29%
Tax Levy
$11,308,948 $0
0.00%

14. Budget Highlights Additional Staff Added $100,000 Project
1st Grade Teacher
English Teacher
Math Teacher
Science Teacher
Social Studies Teacher
Technology Teacher
Special Education Teacher
Director of Special Education
Director of Curriculum
$100,000 Project

15. Contingency Budget
Under Contingency the District’s budget would be reduced for:
All non-computer hardware equipment
The small $100,000 capital project
$11,500 of Administrative Costs
Contingent Budget
$31,924,800
Contingent Tax Levy
$10,978,848

16. Budget Vote May 19, 2015 Noon – 9:00 p.m. High School Auditorium