Scotia – Glenville Central School District
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Transcript Scotia – Glenville Central School District
2015-2016
Budget Workshop #2
March 9, 2015
What will we review tonight…
Changes since the last workshop.
Part two of the Tax Cap legislation, “the Efficiency
Plan”.
Scenarios for reductions in expenditures.
What else will we be voting on?
Where do we go from here?
Changes since we last met.
Increase speech to .5 full time equivalent (FTE), increases spending
$5,298.
Slight increase in tax levy increase based on information on the OCS
results in $3,149 increase.
Worked to develop scenarios that could close the GAP between revenue
and expenditures and met with staff that could be impacted by the
change.
Filed our tax cap calculation with the Office of the State Comptroller-
indicated that we would NOT exceed the cap.
Met with financial advisor and bond counsel in regard to Capital
Reserve proposition that will need to go to the voters in May.
Continuously working on the “Efficiency Plan” which must be
submitted by June 1, 2015.
The Efficiency Plan
We need to stay within the tax cap calculation in 2015-
2016 and have an efficiency plan approved by the
Office of the State Comptroller (OSC).
Efficiency plan must demonstrate a savings of 1% per
year for 3 years- 2016-17, 2017-18 and 2018-19. If the
savings is reoccurring then it can be counted in future
years.
Plans will be approved by the NYS Division of Budget.
Districts will be notified by July 31, 2015 if their plan is
approved. The online system to submit a plan will not
be available until mid- June.
1% of the Prior Year Levy $63,447
Joined the Schoharie Area Workers
Comp Consortium in July 2013
projected savings through June 2016
Reduction of Custodial Worker
position from full time to part-time
annual savings: $33,019-(2yrs).
$38,144
Estimated annual savings for Sharing of
District Office staff. $30,000 per year.
Still compiling data for the savings as a
result of our Participation in BOCES
Purchasing consortium July 1, 2012…
Reportable Savings to date $134,180
Spending Increase with increase in
Speech Service to .5 FTE
Adopted
Spending
Plan
2014-2015
Proposed
Spending
Plan
2015-2016
Dollar
Difference
Percent
Difference
$8,032,323
$8,277,205
$244,882
3.05%
Revenue Projections
State Aid assumes current law –will change
Charter School Transition aid – as a result of a high increase
in the # of charter school students from year to year.
Increase in excess cost aids due to the # of special education
students in outside placements.
Allows for a $15K increase in appropriated fund
balance.
No transfer from debt service ($34,200)
Tax Cap–all data in - 1.36% maximum increase
Up from 1.31% OSC dated is pre-populated.
Maximum increase in levy $86,522.
Tax Cap Calculation after submission to
Office of State Comptroller
2015-2016 Tax Cap Calculation
Reset
Calculate "Adjusted" Current Year Tax Levy Threshold:
1)
Multiply:
2)
Add:
3)
Tax Levy 2014-2015
Tax Base Growth
(Provided by Tax and
sub-total
PILOTS - 2014-2015
sub-total
Subtract: 4a)
4b)
Value of claims and judgements > 5% of total tax levy
Local share after aid of current (2014-2015) allowable capital expenses
Equals:
Adjusted 2014-2015 Current Year Tax Levy
Multiply:
5)
Projected PILOTS for 2015-2016
Add:
7)
Available Carryover
8a)
8b)
8c)
8d)
2015-2016 TAX LEVY LIMIT (to be submitted to State Comptroller,
Commissioner of Tax & Finance and the Commissioner of Education by March
1st) =
Calculate Coming Year Exemptions:
Value of any claims and/or judgements greater than 5% for 2015-2016 year
ERS Employer Contribution Amount
TRS Employer Contribution Amount
Local share after aid of 2015-2016 allowable capital expenditures
Add:
Equals:
Subtract: 9)
Equals:
x
1.0018
= 6,356,137.49
+
= 6,356,137.49
-
290,029.00
= 6,066,108.49
Calculate Projected Tax Levy Threshold 2015-2016
Allowable Levy Growth Factor (1 + inflation factor, up to 2%) TBD by Dept. of Labor in 01/2012
x
1.0162
sub-total
= 6,164,379.45
Subtract: 6)
Equals:
6,344,717.00
sub-total
Erroneous levy plus interest from prior year
Maximum Tax Levy Threshold for 2015-2016
(requiring a simple majority vote)
+
0.00
Determines simple/super majority vote
= 6,164,379.45
+
+
+
+
266,860.00
= 6,431,239.45
-
0
= 6,431,239.45
2014-2015 Adj Levy =
6,431,239.45
2013-14 Levy =
6,344,717.00
$ Change =
86,522.45
% change =
1.36%
Revenue vs. Expense with changes
2015-2016 Estimates
MENANDS UNION FREE SCHOOL DISTRICT POPOSED REVENUE SUMMARY
2014-2015
Line Item
2015-2016
Revenue
Dollar
proposed Revenue
Tax Penalties
Percent
Difference
Difference
$
-
$
-
0.00%
10,000
$
10,000
$
-
0.00%
Interest and Earnings
$
Rental of Real Property
$
300
$
300
$
-
0.00%
Commissions/Miscellaneous
$
1,150
$
1,150
$
-
0.00%
Refund Prior Year
$
80,000
$
80,000
$
-
0.00%
Gifts and Donations
$
500
$
500
$
-
0.00%
Total Local Revenue Sources
$
91,950
$
91,950
$
-
0.00%
State Aid
$
761,456
$
900,440
$
BOCES AID
$
90,000
$
90,000
$
ERS Reserve
$
50,000
$
50,000
$
-
Debt Service Reserve
$
34,200
$
-
$
(34,200)
Appropriated Fund Balance
$
660,000
$
675,000
$
15,000
2.27%
Total Fund Balance and State Aid
$
1,595,656
$
1,715,440
$
119,784
7.51%
Tax Levy
$
6,344,717
$
6,431,239
$
86,522
1.36%
Total Revenues/Expenses
$
8,032,323
$
8,238,629
$
206,306
2.57%
Estimated Appropriations $
8,277,205.00
$
$
8,277,205.00 $
244,882 $
3.05% $
(38,576)
38,576.00
86,522
138,984
-
18.25%
0.00%
0.00%
-100.00%
$ (38,576.00)
GAP between revenu and exp.
Possibilities to close the GAP?
Reduce non-mandated instructional programs.
Instructional Reductions
Spanish
FTE
1.00
0.80
Salary
TRS
FICA/MED Health/Dental Buyout
$ 60,988.00 $ 8,087.01 $ 4,665.58 $ 14,936.54 $
$ 48,790.40 $ 6,469.61 $ 3,732.47 $ 11,949.24 $
-
Salary Savings
1.00 to .80 $ 12,197.60 $ 1,617.40 $ 933.12 $
2,987.30 $
Library
FTE
1.00
0.80
-
Expenditure Reduction
$
17,735.42
Salary
TRS
FICA/MED Health/Dental Buyout Expenditure Reduction
$ 60,988.00 $ 8,087.01 $ 4,665.58 $
$ 5,974.62
$ 48,790.40 $ 6,469.61 $ 3,732.47 $
$ 4,779.70
Salary Savings
1.00 to .80 $ 12,197.60 $ 1,617.40 $ 933.12 $
-
$ 1,194.92 $
15,943.04
Continued possibilities to close the
GAP?
Reduction in the Business Office staff to .6 FTE from
1.00 FTE
Acct Clerk
Reduce to .60
FTE
1.00
0.60
Salary
ERS
FICA/MED Health/Dental Buyout Expenditure Reduction
$ 42,180.00 $ 8,478.18 $ 3,226.77 $
$ 6,077.99
$ 25,308.00 $ 5,086.91 $ 1,936.06 $
$ 3,646.79
Salary Savings Reduction $ 16,872.00 $ 3,391.27 $ 1,290.71 $
-
$ 2,431.20 $
23,985.18
Possible Reductions
Partially fund a teaching assistant from federal funds.
Results in a expenditure decrease of $15,000.
Reduce business office staff to a .60 FTE from a 1.00 FTE
Results in a expenditure decrease of $23,985
Reduce library media specialist and spanish teacher to a .80
FTE from a 1.00 FTE
Results in a expenditure decrease of $33,478.
Total possible expenditure reductions $72,463.
Where we are…
The reductions outlined exceed what is necessary to
close the GAP.
We solicited public input during the budget process
last year. It was clear that maintaining the
instructional program was the highest priority.
Confident that we close the GAP with no impact to the
instructional program.
Still have time for a “wait and see” approach with the
State budget.
Additional revenues could also be used to help offset the
gap and reduce appropriated fund balance.
What else will we be asking our
voters on May 21, 2015?
The voters will be asked the following in regard to a
possible capital improvement project.
Establish a Capital Reserve.
Fund it with an initial amount of $500,000 from the
repair reserve.
Set a limit for the capital reserve not to exceed
($750,000).
This will leave the repair reserve with $250,000 for
future repairs.
Parking lot concerns
Next Meeting
March 30th 2015 budget workshop and special meeting.
April 20th regular board of education meeting and last
day for petitions to be accepted up until 5:00pm.
Budget hearing May 11, 2015.