1. PACS B UDGET H EARING M AY 12, 2015

2. PULASKI ACADEMY & CENTRAL SCHOOL FOUNDATION AID HISTORY, 2008-09 THROUGH 2014-15 Enacted State Budget/ School Year State Enacted Aid for PACS Full Phase-in Level 2008-09$9,251,877$12,405,103 2009-10$9,251,877$12,300,385 2010-11$9,251,877$12,318,933 2011-12$9,251,877$13,314,636 2012-13$9,320,047$13,421,501 2013-14$9,347,598$13,218,766 2014-15$9,492,619$12,712,362

3. PACS 6 YEAR GEA HISTORY ( G AP E LIMINATION ADJUSTMENT ) SCHOOL YEARGEAGEA RESTORATION NET GEA 2010-11(1,010,950)343,238(667,712) 2011-12(1,456,728)89,310(1,367,418) 2012-13(1,367,418)341,854(1,025,564) 2013-14(1,025,564)351,942(673,622) 2014-15(673,622)450,133(223,489) 2015-16(223,489)217,842(5,647) TOTAL 6 YEAR GEA REDUCTION(3,963,452)

4. 2015-16 PACS BUDGETED EXPENDITURES BY CATEGORY

5. PACS PROPOSED BUDGET 2015-16 2014-15 BUDGET 2015-16 BUDGET EXPENDITURES General Support$2,833,695$2,833,805 Instruction10,111,40510,506,420 Pupil Transportation1,099,8501,129,135 Community Services7,985 Undistributed; Benefits & Debt Service9,567,0659,622,655 Total - Expenditures $23,620,000$24,100,000 REVENUE State Aid Foundation/Net of GAP Elimination Adj.$9,269,130$9,611,188 Hardware & Software Aid37,69538,092 Transportation Aid1,100,0001,110,000 BOCES Aid1,053,9751,049,685 Library & Text Aid68,61569,422 Building Aid2,418,7002,457,969 High Cost & Private Excess Cost Aid253,000275,000 Total - State Aid $14,201,115$14,611,356 Real Property Taxes Tax Levy$6,399,885$6,399,114 Pilots$195,500$258,000 Tax Penalty25,000 Total - Taxes $6,620,385$6,682,144 Other Income Debt Service450,000 Interest on Deposits15,000 Miscellaneous483,500491,500 Reserves850,000 Appropriated Fund Balance1,000,000 Total - Other Income $2,798,500$2,806,500 Total - Revenue $23,620,000 $24,100,000

6.  Allowable Tax Levy Limit w/o Supermajority:(.01%)  Tax Levy Limit 2015-2016:$6,399,144  Tax Levy 14-15$6,399,885  Proposed Tax Levy (.01% Decrease)$6,399,144  Proposed Decrease:$ 741 2015-16 TAX LEVY LIMIT

7. TAX LEVY IMPACT WHAT DOES THIS MEAN TO THE INDIVIDUAL TAXPAYER  Tax Levy = total amount of revenue raised through the collection of property taxes within the district  Individual property school tax is based on:  1. Tax Levy: School Determined  2. Equalization Rate: State Determined  3. Assessment: Local Town Assessor

8. Township Actual 2014-15 Projected 2015-16 $ Change% Change Albion$20.93$20.87($.06)-0.3% Richland$23.00$22.93($.07)-0.3% Sandy Creek$20.93$20.87($.06)-0.3% Example: Town of Richland:Assessed Value: $85,000 Star Exemption:-$27,300 Taxed Value:$57,700 Tax Bill 2014-15 $1,327 2015-16 $1,323 $ Change ($4) per year % Change -0.3% T AX R ATE E STIMATE E STIMATED T AX R ATE PER $1,000 A SSESSED V ALUATION

10. Please Vote!! VOTE Lura M. Sharp ELEMENTARY BAND ROOM Tuesday, May 19, 2015 8:00 A.M. – 8:00 P.M. 18 years of age, U.S. Citizen School District Resident for 30 days prior to the vote Personal Identification is required.