1. Somersworth School Department FY 2014-2015 Proposed Budget February 11, 2014

2. FY 2014-2015 Proposed Budget TAX CAP INCREASE (an estimate at this point) $303,000 CPI - Urban Index of approximately 1.5 %

3. Contractual Obligations  Salaries$ 87,582  Benefits$ 20,417  SAU56 Assessment$ 8,071  PT/OT Services$ 50,000  SHS NEASC Fee$ 15,000  Technology & Resource Officer$ 6,439  Transportation$ 13,792  Bond Principal & Interest$ 46,531  Negotiation Contracts (additional)$150,000 Total Proposed Increase$397,832 FY 2014-2015 Proposed Budget

4. Contractual Obligations $397,832 $303,000Tax Cap $ 94,832Short

5. OTHER CONSIDERATIONS FY 2014-2015 Proposed Budget

6. Programs Needed to Maintain School Approval Status 1. PT SHS Family/Cons. Science$ 40,000 2. One Block Broadcasting Teacher$ 15,000 based on Comcast equipment offered at CTC 3. PT Elementary Media Spec.$ 40,000 $ 95,000 (Still $ 94,832 Short – Tax Cap.) FY 2014-2015 Proposed Budget

7. CIP For FY 2014-2015 1. Three HVAC Units$300,000 2. SMS Lockers$ 80,000 3. SHS Asbestos/Floor Replacement$ 53,500 4. One Boiler$100,000 CIP TOTAL $533,500 (Still $ 94,832 Short – Tax Cap.) FY 2014-2015 Proposed Budget

8. OPTION ONE FY 2014-2015 Proposed Budget

9. Current Budgeted CIP FY 2014-2015$175,000 Less: Tax Cap Shortage$ 94,832 CIP Balance$ 80,168 Keep in mind if new Principal/Interest is removed from CAP that would add $46,531 to our CAP amount which would be used to hire 1 Block Broadcasting Teacher. FY 2014-2015 Proposed Budget

10. Other Considerations For FY 2014-2015 CIP Balance$ 80,168 CIP - SMS Lockers$ 80,000 CIP Balance$ 168 Hiring 1 Block Broadcasting Teacher$ 15,000 If we have Principal/Interest removed from CAP

11. POSITIONS/CIP NOT INCLUDED IN PROPOSED BUDGET POSITIONS: PT SHS Family/Cons. Science One Block Broadcasting Teacher PT Elementary Media Spec. CIP: Three HVAC Units SMS Lockers SHS Asbestos/Floor Replacement One Boiler FY 2014-2015 Proposed Budget