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.