2. Assumptions State Aid has decreased over the past 2 years a total of $850,410. TRS and ERS are increasing. TRS from 11.84 to 16.25%. ERS from 18.9% to 20.9% This is $172,938 increase to our TRS dollars & $27,624 increase to ERS dollars Health insurance costs will increase. Approximately 9.5% This is approximately $146,000 increase Possible loss in Title Grants due to the Budget Control Act of 2011close to $25,000.

3. 2013-2014 Tax Levy Calculation Prior Year Levy 2012-2013 4,717,406.00 Capital Aid using new interest rate calculation Tax Base Growthx 1.0056 Building 301,050.00 = 4,743,823.47 Less State Aid (294,192.00) Prior Year PILOT+ 0.00 NYPA 137,721.00 = 4,743,823.47 Less State Aid (133,238.00) Prior Year Exemption (Not TRS or ERS)- 18,493.00 Track 45,160.00 Less State Aid (54,963.00) Adjusted Prior Year Levy= 4,725,330.47 Bus Purchases 128,000.00 Less Trans Aid (50,116.00) Allowable Growth Factorx 1.02 Exempt Amount 79,422.00 (lesser of CPI or 2%)= 4,819,837.08 PILOTS for coming year- 0.00 = 4,819,837.08 Available Carryover+ 0.00 TRS TAX LEVY LIMIT= 4,819,837.08 Salaries 3,915,053.00 Coming School Year Exemptions+ 173,774.78 Prior Rate 11.84% Maximum Allowable Levy 2013-2014= 4,993,611.86 New Rate 16.25% Excess Percent 2.41% Difference from 12-13 Adjusted to 13-14 268,281.39 Exempt Amount 94,352.78 Allowable Levy Percentage from Adj Prior 0.0568 Allowable Levy Percentage from Prior Levy0.0586 DRAFT Beyond the 2% levy Limit all have heard about from last year, it is important to note: This potential 5.68% levy increase is comprised of approx. 2.7% to fund the Teachers' Retirement System increase and approx. 1% for the Capital Debt that is not offset by Capital Aid

4. Tax Levy Impact The estimated tax increase to the average household with an equalized assessment of $100,000 of property value would be less than $100.

5. 10 Year Comparison SchoolTax %Tax LevyBudget toTotal YearIncreaseAmountBudget Voting Results 2002-200316.28%$3,270,4454.65%$9,312,259 1st $9,332,612 budget failed 350 to 370; 2nd budget passed 413 to 355 2003-20045.88%$3,462,8382.80%$9,594,488Passed 562 to 252 2004-20052.89%$3,562,8553.20%$9,896,892Passed 413 to 251 2005-200610.30%$3,929,7466.70%$10,558,849 1st $10,852,978 budget-failed 336 to 540; 2nd budget passed 496 to 373 2006-20073.87%$4,081,9354.60%$11,042,222Passed 361 to 224 2007-20084.18%$4,252,4244.20%$11,542,275Passed 314 to 152 2008-20093.96%$4,421,0003.36%$11,930,388Passed 291 to 123 2009-20101.00%$4,465,210-2.64%$11,615,277Passed 280 to 99 2010-20111.94%$4,551,835-3.04%$11,261,625Passed 321 to 161 2011-20121.99%$4,642,417-1.69%$11,070,785Passed 307 to 111 2012-20131.62%$4,717,4060.26%$11,099,916Passed 307 to 102 2013-20145.86%$4,993,7675.19%$11,676,084

6. Summarize the 2013-2014 Budget Components

7. SUMMARY CAPITAL COMPONENT Sub Budgets13-14 FTE12-13 Adopted12-13 YTD 13-14 Proposed$+/- & encumbered TRANSPORTATION$70,000$50,500$132,000$62,000 1- 66 passenger bus, 1- 8 passenger AWD van OPERATION AND MAINTENANCE7.475$1,003,588 $1,059,412$55,824 We used $71,100 from repair reserves last year JUDGMENTS AND CLAIMS $- $0 DEBT$491,498 $488,321($3,177)Refinanced old bonds at lower rate TRANSFERS-LUNCH FUND Prior Years$40,000 $0 TOTAL CAPITAL COMPONENT7.475$1,605,086$1,585,586$1,719,733$114,6477.14% 2013-2014 Vehicle$132,000Salary & Bene$569,080 Equip$17,800Debt$488,321 Contractual$409,390Lunch Fund$40,000 Supplies$63,142 $1,097,401 $622,332 Budget:$1,719,733 2012-2013 Vehicle$70,000Salary & Bene$589,954 Equip$18,570Debt$491,498 Contractual$331,240Lunch Fund$40,000 Supplies$63,824 $1,121,452 $483,634 Budget:$1,605,086 Capital

8. SUMMARY ADMINISTRATIVE COMPONENT Sub Budgets 13-14 FTE12-13 Adopted 2012-2013 Y-T-D 13-14 Proposed $ Change from 12-13 BOARD OF EDUCATION0.00 $ 26,100 $ 26,132 $ 32 INSTRUCITONAL IMPROVEMENT0.00 $ 32,551 $ 33,191 $ 640 CENTRAL ADMINISTRATION2.00 $ 218,054 $ 218,053 $ 236,809 $ 18,755Increase all for Health Insurance FINANCE2.00 $ 200,015 $ 199,966 $ 227,640 $ 27,625$24,734 due to Health insurance LEGAL EXPENSES0.00 $ 19,000 $ 20,500 $ 1,500Expected Atty fee increase CENTRAL SERVICES0.00 $ 242,516 $ 236,216 $ 247,961 $ 5,445 6% school ins-Sandy, & 3% BOCES INSTRUCTIONAL ADMINISTRATION6.20 $ 422,637 $ 349,747 $ 487,414 $ 64,777 $33K Admin increase, $12K in TRS, $14K in Health Ins. TOTAL ADMINISTRATIVE COMPONENT10.20 $ 1,160,874$1,081,633 $ 1,279,647 $ 118,77310.23% 2013-2014 Equip $ - Contractual $ 150,385 Supplies $ 47,712 BOCES $ 210,030 Salary & Ben $ 871,520 BUDGET $ 1,279,647 2012-2013 Equip $ 1,000 Contractual $ 142,575 Supplies $ 46,839 BOCES $ 209,682 Salary & Ben $ 760,778 BUDGET $ 1,160,874 Administration

9. Program SUMMARY PROGRAM COMPONENT BUDGETS Sub Budgets13-14 FTE12-13 Adopted13-14 Proposed$ +/-13-14 Notes TOTAL TEACHING68.03$6,185,720$6,462,643$276,923 $123K Salaries, $121K TRS $18K Health Ins. TOTAL INSTRUCTIONAL MEDIA1$287,927$312,391$24,464 $21,500 BOCES LAN Tech TOTAL PUPIL SERVICES4.8$705,614$715,194$9,579 $10K In TRS, $7K in Health Ins. TOTAL COMMUNITY SERVICES0$0 TOTAL TRANSPORTATION13.125$849,389$856,270$6,881 Health Ins, ERS TOTAL RETIREES$305,305$330,206$24,901 Health Insurance TOTAL PROGRAM COMPONENT86.955$8,333,955$8,676,704$342,749 4.11% 2013-2014 Budget BOCES$724,670 Equipment$20,581 Contractual$212,987 Tuition$330,000 Supplies$257,711 Salary & Bene$7,130,755 Budget:$8,676,704 2012-2013 Budget BOCES$736,515 Equipment$26,000 Contractual$218,393 Tuition$320,000 Supplies$230,406 Salary & Bene$6,802,641 Budget:$8,333,955

10. PROPOSED REVENUE Revenue Projections12-1313-14$ +/-% +/- Foundation Aid & GEA Restoration $ 3,933,660 $ 4,019,784 $ 86,1242.19% BOCES Aid $ 259,842 $ 219,365 $ (40,477)-15.58% Excess Cost and Public and Private Cost Aid $ 170,279 $ 197,252 $ 26,97315.84% Textbook, Computer Aids $ 50,487 $ 51,052 $ 5651.12% Building Aid $ 490,922 $ 501,785 $ 10,8632.21% High Tax Aid $ - $ 127,523 100.00% Transportation Aid $ 484,620 $ 445,852 $ (38,768)-8.00% Estimated State Revenue: $ 5,389,810 $ 5,562,613$ 172,8033.21% Property Taxes $ 4,717,406 $ 4,993,612 $ 276,2065.86% Non-Resident Tuition $ 172,000 $ 00.00% Health Consortium Rebate $ - $ 00.00% Refunds Prior Year Expenses $ 12,000 $ 00.00% Interest & Earnings $ 20,000 $ 00.00% Medicaid Reimbursement $ 42,000 $ 00.00% Penalties on Property Taxes $ 15,500 $ 00.00% Debt Service $ 85,000 $ 00.00% Miscellaneous $ 4,200 $ 00.00% Estimated Local Revenue: $ 5,068,106 $ 5,344,312$ 276,2065.45% Title I Grant $ 92,000 $ 95,207$ 3,2073.49% REAP Grant $ - $ 60,000 100.00% ERS Reserve $ - $ 63,952 100.00% Appropriated Reserves $ 75,000 $ 00.00% Fund Balance to Reduce Levy $ 475,000 $ 00.00% TOTAL REVENUE $ 11,099,916 $ 11,676,084$ 576,1685.19% Expense Revenue 12-13 Budget$11,099,916 13-14 Proposed$11,676,084 Difference From Prior$576,168 5.19% Proposed Expenses 13-14 $ 11,676,084 13-14 Revenue Proposed $ 11,676,084 Balance($0)