1. 2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007 Budget Vote May 15, 2007 7:00 a.m. – 9:00 p.m. School Library

2. 2007-2008 SCHOOL BUDGET Significant Budgetary Considerations 1. Impact Of Tax Certiorari Claims/Settlements 2. Changes In Assessed Valuation 3. Transportation 1. Purchase Of Replacement Buses 4. Incarcerated Youth 1. Increase In Allocation/Increase In Resulting State Aid

3. 2007-2008 SCHOOL BUDGET Significant Budgetary Considerations 5. Health Insurance Increases 6. Salary Increases 7. Retirement Cost Increases 8. Workers Compensation/Liability Insurance Cost Increases 9. High School Tuition Increases

4. 2007-2008 March 6, Draft # 1 Budget $22,284,194  The Initial Draft Budget Provides for: Budget to Budget Increase of 9.28% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh18.72% Mt. Pleasant18.20%  Without Assessment Changes: Greenburgh7.50% Mt. Pleasant7.03%

5. 2007-2008 March 12 Draft # 2 Budget $21,830,565  Draft # 2 Budget dated Provides for: Budget to Budget Increase of 7.05% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh16.34% Mt. Pleasant15.83%  Without Assessment Changes: Greenburgh5.35% Mt. Pleasant4.88%

6. 2007-2008 March 14 Draft # 3 Budget $22,041,265  Draft # 3 Budget Dated Provides for: Budget to Budget Increase of8.09% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh17.09% Mt. Pleasant16.57%  Without Assessment Changes: Greenburgh6.02% Mt. Pleasant5.55%

7. 2007-2008 March 26, Draft # 4 Budget $21,724,610  The Draft 4 Budget Provides for: Budget to Budget Increase of 6.53% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh15.02% Mt. Pleasant14.51%  Without Assessment Changes: Greenburgh4.09% Mt. Pleasant3.63%

8. 2007-2008 Adopted Budget April 10, $21,604,610  The Adopted Budget Provides for: Budget to Budget Increase of 5.95% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh14.21% Mt. Pleasant13.71%  Without Assessment Changes: Greenburgh3.36% Mt. Pleasant2.90%

9. 2007-2008 Adopted Budget $21,604,610 Budgeted Revenue

10. 2007-2008 Adopted Budget Highlights of The Budget  Technology (IPA) $ 449,237  Tractor Replacements $ 43,270  Replacement of 2 large buses $ 50,000 (Interest & Principal)  Interscholastic Program $ 45,398  Summer Camp $ 260,688  Swim Program $161,754  After School Program $ 52,948

11. Summary of Budgetary Increases/ (Decreases) Adopted Budget  Salaries$ 248,424  Tuition$ 677,658  Benefits$ 186,536 Equipment$ ( 1,014) Contractual$ 7,534 Supplies$ ( 29,461)  Textbooks$ (43,313)  BOCES$ 129,932 Incarcerated Youth$ 437,425  Debt Service$ 48,866  Capital Projects$ (450,000)  Total$ 1,212,587

12. Impact of Change In Assessment 2007-2008

13. Percentage Change in Tax Levy Westchester County School Districts 2007-2008 as of 4-18-07 1. 8.50%12. 6.30% 2. 8.45%13. 6.27% 3. 8.27%14. 5.90% 4. 7.73%15. 5.62% 5. 7.55%16. 5.60% 6. 7.44%17. 5.30% 7. 6.94%18. 4.67% 8. 6.79%19. 4.53% 9. 6.69%20. 4.29% 10. 6.63%21. 3.15% Pocantico Hills 11. 6.54%22. 2.71% Average 6.08%

14. Tax Rate Comparison 2006-2007 Tax Rates School True ValueTaxes on DistrictTax Rate$500,000Index 119.08$9,5402.69 1015.75$7,8752.22 2014.64$7,3202.06 3012.46$6,2301.75 4010.56$5,2801.49 45 8.78$4,3901.24 Pocantico 7.10$3,5501.00

15. 2007-2008 Adopted Budget Increase  Total Budget to Budget Increase 5.95% Mandated, Or Mandated By Community Expectations 5.31% Increase In Non Mandated Costs.64% Total 5.95%

16. 2007-2008 Adopted Budget $21,604,610  Total Budget $21,604,610 Mandated, Or Mandated By Community Expectations $21,364,179 98.89% NonMandated Costs $ 240,431 1.11% Total $21,604,610 100.00%

17. Mandated and/or Mandated by Community Expectations Board of Education ($6,150) District Clerk ($3,000) District Meeting $ 3,800 Central Administration $19,379 Auditing ($ 875) Treasurer ( $ 967) Legal $15,213

18. Mandated, and/or Mandated by Community Expectations Public Information Services ($ 7,550) Maintenance & Operations $101,446 Postage $ 2,463 Liability Insurance $ 4,487 Student Accident Insurance School Association Dues $ 1,137

19. Mandated, and/or Mandated by Community Expectations Assessment on School Property($ 14,251) Refund of Real Property Tax $ 7,299 BOCES Administrative Costs $ 3,751 Instruction & Supervision $509,775 Foreign Language Pre Kindergarten Kindergarten Art – Required for Middle School only Music – Required for Middle School only

20. Mandated, and/or Mandated by Community Expectations Programs for Students With Disabilities $651,372 Academic Intervention Services $ 17,930 Library Services ($19,996) Library Book Replacement State Aided Computer Assisted Instr. $150,731 3 rd Year IPA Pupil Personal Services Program ($4,662) Interscholastic Athletics ($4,067)

21. Mandated, and/or Mandated by Community Expectations Transportation $16,071 Bus Monitors Community Service ($ 4,938) Community Recreation (Pool) Summer Camp After School Program Employee Benefits $186,536 Debt Service $ 48,866 INTERFUND Transfers ($450,000) Lunch Fund Total Budget Increase $1,212,589 5.95%

22. 2007-2008 Budgetary Items Not Mandated Clerical Overtime$ 7,500 Custodial Overtime$ 41,000 Custodial Equipment$ 46,470 Instructional Supervision $ 13,400 In-Service Training $ 58,598

23. Assessed Valuation History Mt. PleasantGreenburgh 2003-0416,715,48441,933,416 2004-0516,631,07341,723,576 2005-0616,248,57240,879,798 2006-0715,870,15640,827,504 2007-08 est.15,274,06534,961,691 06-07/07-08 Change (596,091) (5,865,813) Tax Rate Impact: 10.81% 10.85%

24. Assessed Valuation Mt. Pleasant After Tax Certiorari Claim Settlements Decrease of $596,091

25. Assessed Valuation – Greenburgh After Tax Certiorari Claim Settlements Decrease of $5,825,813

26. Adopted Budget 2007-2008 Budget Deletions From Initial Draft  A1010-BOARD OF EDUCATIONPage 4 400-CONTRACTUAL EXPENSES $ 7,355 450-Supplies & Materials $ 2,000 $9,355  A1040-District ClerkPage 4 400-Contractual Expenses $ 8,000 $8,000  A1240 – SUPERINTENDENTPage 5 200-Equipment$ 3,000 400-Contractual Expenses $ 1,200 450-Supplies & Materials $ 1,900 $6,100

27. Adopted Budget 2007-2008 Budget Deletions From Initial Draft  A1310-Business AdministrationPage 6 160-Non Instructional Salaries $ 7,500 450-Materials & Supplies $ 1,500 $11,500 490-BOCES Service $ 2,500$11,500  A 1325-TreasurerPage 6 160 Non-Instructional Salary $ 5,000 $ 5,000  A1380-Fiscal Agent $ 650$ 650

28. Adopted Budget 2007-2008 Budget Deletions From Initial Draft  A1480-Public Information ServicesPage 8 400-Contractual Expenses$ 500 450-Materials & Supplies$ 2,500$ 3,000  A1620- CENTRAL SERVICESPage 9 400-Contractual Expenses$ 53,750 450-Materials & Supplies$ 4,000$57,750  A1621- MaintenancePage 9 160-Non Instructional Salaries$ 1,000$ 1,000

29. Adopted Budget 2007-2008 Budget Deletions From Initial Draft  A2020-INSTRUCTIONAL SUPERVISIONPage 12 160 - Non Instructional Salaries$ 2,500 400- Contractual$ 2,000$ 4,500  A2110 – TEACHING REGULAR SCHOOL Page 12 120-Teacher Salary 1-5$ 268,559 160-Non Instructional Salaries$ 19,110 200-Equipment$ 25,935 400-Contractual$ 33,520 450-Materials & Supplies$ 57,831 480-Textbooks$ 50,210$ 455,165

30. Adopted Budget 2007-2008 Budget Deletions From Initial Draft  A2250- STUDENTS WITH DISABILITES Page 13 150-Instructional Salaries$ 5,000 160-Teacher Aide$ 19,110 200-Equipment$ 1,000 400-Contractual Expenses$ 4,330 450-Materials & Supplies$ 1,000$30,440  A2610-SCHOOL LIBRARY & AV Page 14 400-Contractual Expenses$ 1,180 450-Materials & Supplies$ 16,125 $17,305

31. Adopted Budget 2007-2008 Budget Deletions From Initial Draft  A2630-Computer Assisted InstructionPage 14 200-Equipment$10,000 400-Contractual$ 5,000 490-BOCES SERVICES$12,506 $22,506  A2800 – Pupil Personal ServicesPage 15 150-Instructional Salaries$10,500 160-Non Instructional Salaries$ 2,125 200-Equipment$ 700 400-Contractual$ 1,000 450-Materials & Supplies$ 4,000 $18,325

32. Adopted Budget 2007-2008 Budget Deletions From Initial Draft  A2855-INTERSCHOLASTIC ATHLETICSPage 15 160-Non Instructional Salaries$ 5,000 450-Materials & Supplies$ 1,000 $ 6,000  A8070-CENSUSPage 17 400-Contractual$ 15,000 460-Software$ 2,048 490-BOCES Services$ 5,940 $22,988  TOTAL$679,584 2007-2008 Initial Draft $22,284,194 2007-2008 Adopted Budget$21,604,610 Difference$ 679,584

33. Tax Rate Impact 2007-2008 Adopted Budget Greenburgh Assessed 2006-07 2007-08 Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 3,050 663 758 94 8 250,000 7,625 1,659 1,895 236 20 500,000 15,250 3,317 3,789 472 39 750,000 22,875 4,976 5,684 707 59 1,000,000 30,500 6,635 7,578 943 79 Note: Assumes same assessed value in 2006-2007 and 2007-2008

34. Tax Rate Impact 2007-2008 Adopted Budget Mt. Pleasant Assessed 2006-07 2007-08 Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 1,400 666758 91 8 250,000 3,500 1,666 1,895 228 19 500,000 7,000 3,332 3,789 457 38 750,000 10,500 4,998 5,684 685 57 1,000,000 14,000 6,664 7,578 914 76 Note: Assumes same assessed value in 2006-2007 and 2007-2008

35. Contingency Budgets Single revote: Upon the defeat of the original proposed school budget, a district may resubmit the original budget, submit a revised budget, or adopt a contingency budget. If the voters fail to approve the budget upon the second vote, the district must adopt a contingency budget. Expanded definition: Interscholastic athletics, field trips, other extracurricular activities, and related transportation expenses are contingent expenses.

36. Contingency Budgets Administrative cap: The administrative component of a contingency budget will be limited to the lesser of: 1) the percentage of the administrative component in the prior year’s budget or 2) the percentage of the administrative component in the last defeated proposed budget. Cap on total spending: Total spending under a contingency budget may not increase by more than 120 % of national CPI or 4.00%, whichever is lower. For 2007-08 the cap is 3.84 %.

37. 2007-2008 Contingency Budget  How the contingency/austerity budget cap is calculated:  2006-2007 Adopted Budget$19,916,971  Less Debt Service$( 489,309)  Adjusted Base Year Budget$19,427,662

38. 2007-2008 Contingency Budget  How the maximum contingency/austerity budget cap is calculated:  Adjusted Base Year Budget$19,427,662  Adjusted Budget x 120% of CPI3.84% $20,173,684  Debt Service $ 538,175  Growth Related Expenditures$ 726,925  Maximum Contingency Budget$21,438,784  Required Budgetary Cuts$ 165,826

39. Possible Areas of Expense Reduction All Budgetary Items will Be Considered Items listed below are not in Priority Order  Non Mandated Academic Programs  Student Supplies  Community Use of Buildings and Grounds  Certain Equipment  Software  Staff  Technology  Overtime  Field Trips  Summer Camp/Swim Program

40. Tax Rate Table BUDGET AMOUNT IMPACT ON TAX RATE $ 100,000.68% $ 150,000 1.00% $ 250,000 1.69% $ 500,000 3.37% $ 750,000 5.05% $ 1,000,000 6.74%

41. BUDGETARY OVERVIEW OF 2007-2008 BUDGET DEVELOPMENT