1. Phelps-Clifton Springs CSD 2015-16 Budget Draft April 8, 2015

2. 2015-16 Budget Planning  Budget Recommendations  Tax Levy  Appropriations  Revenues  Next Steps 2

3. Driving Factors  REVENUES  Reduction of Building Aid Waiver Granted  Foundation Aid Increase$ 46,799  GEA Reduction$ 1,080,623  GEA Remains = ($598,539)  APPROPRIATIONS  Health Insurance:$ 677,831  Special Education$ (125,874)

4. Additional State Aid Used to Balance Budget  Additional State Aid$1,109,136 Used to:  Eliminate Previous Deficit$ 473,231  Cover Additions to Budget$ 219,101  Reduce Appropriated Fund Balance$ 400,000  Reduce Increase to Tax Levy$ 16,804

5. Budget Additions & Reductions  1.0 ENL Teacher$ 66,532  3.0 AIS Elementary Teachers$199,598  Drivers Education - BOCES$ 25,000  Arts in Education - BOCES$ 9,775  Unemployment Insurance$ (65,000)  Reduce 0.5 Clerical (Attrition)$ (16,804) TOTAL$219,101

6. Budget Increase 6  Overall Budget Increase = 2.02% or $682,508  Requires Estimated Tax Levy Increase of 2.35% (Threshold 2.47%)  Uses $450,000 in Appropriated Fund Balance as Temporary Revenue to Close Gap 2.02%

7. Tax Levy Comparison 7 2.35%

8. Tax Levy History 8 Percentage Change in Tax Levy By Year

9. 2015-16 Appropriations Budget 2014-152015-16$ Change% Change Central Services 3,192,6233,268,92576,3022.39% Instruction 16,849,56317,063,975214,4121.27% Transportation 1,509,4421,497,117(12,325)(0.82%) Civic Activities 89,74490,9081,1641.30% Benefits 8,822,5999,220,354397,7554.51% Debt Service 3,127,9383,133,1385,2000.17% Transfer to Other Funds 205,000 00% Total 33,796,90934,479,417682,5082.02%

10. Percentage of Appropriations by Category

11. 2015-16 Revenue Budget 2014-152015-16$ Change% Change Tax Levy13,431,32613,741,721310,3962.31% Other Tax Items58,34658,879533.91% Rental, Refunds, Fees577,745489,625(88,120)(15.25%) State Aid18,488,12819,384,828896,7004.85% Medicaid & Other Federal159,000 00% Appropriated Fund Balance850,000450,000(400,000)(47.05%) Transfer from Debt Service232,364195,364(37,000)(15.92%) Total Revenue Budget33,796,90934,479,417682,5082.02%

12. Percentage of Revenue by Category

13. 2014-15 Budget – 2015-16 Budget  State Aid  Reduction to GEA  Increase to Foundation Aid  Federal and Miscellaneous:  Loss of CEL rent  Reduction to Debt Service interfund transfer 2014-152015-16 Est. Expenditures33,796,90934,479,417 State Aid18,488,12819,384,828 Fed & Misc. Rev1,027,453902,868 Tax Levy13,431,32613,741,721 Appropriated Fund Balance850,000450,000 Deficit--

14. Budget Overview

15. Final Thoughts  Tax Levy Increase of 2.35%, slightly below tax levy threshold of 2.47%  Reduces the Dependency on Fund Balance  No Cuts, Program Additions  Continue Advocacy to Remove GEA Next Year  Annual School Board Election and Budget Vote 5/19