1. Niagara Wheatfield Central School District 2014-2015 Preliminary Budget March 5, 2014

2. Adoption of Budget and Property Tax Report Card Niagara Wheatfield Central School District 2014-2015 Budget Timeline Tax Cap Calculation Due Approval of Annual Meeting Notice Last Day to File Petitions for Board of Education Candidacy Annual Public Information Hearing on Budget Annual Budget Vote and School Board Election 3/1/14 3/19/14 4/2/14 4/21/14 5/7/14 5/20/14

3. Property Tax Cap Niagara Wheatfield Central School District

4. Significant Fiscal Stressed School Niagara Wheatfield Central School District

5. Gap Elimination Adjustment Reduction (GEA) Niagara Wheatfield Central School District School YearGEAGEA RestorationNet GEA 2010-11(5,556,023)1,886,386(3,669,637) 2011-12(6,041,556) 651,608(5,389,948) 2012-13(4,998,108) 416,609(4,581,499) 2013-14(4,581,499)1,136,862(3,444,637) 2014-15(3,444,637) 307,680(3,136,957) (20,222,678)Total 5 Year GEA Reduction:

6. Revenue Review Niagara Wheatfield Central School District Tax Levy Increase Projected at Maximum 4.8%

7. Expenditure Review Niagara Wheatfield Central School District

8. Expenditure Budget Effect on Tax Levy Niagara Wheatfield Central School District

9. Possible Reductions Niagara Wheatfield Central School District

10. Expenditure Budget Effect on Tax Levy Niagara Wheatfield Central School District