Transcript Preliminary Draft Budget for 2015-2016

PRELIMINARY DRAFT
BUDGET FOR 2015-2016
Cazenovia Central School District
March 16, 2015
BUDGET
OVERVIEW
The 2015-2016 preliminary budget is impacted
by:
• The uncertainty over how much state aid
we will receive.
• The restriction of the tax levy limit
calculation.
• Reduced usage of reserves to offset lost
state aid.
• Cost increases in the areas of health
insurance and special education.
• Continuation of lower enrollment trends.
REVENUE FOR
2015-16
• The tax levy limit for 2015-16 is 2.16
percent which generates an additional
$363,478.
• Appropriated Fund Balance equals
$250,000 which is a decrease of
$500,000 from last year.
• State Aid is projected to increase by
$419,001 which includes a restoration of
$450,000 in GEA.
• All other revenue increases by $59,655.
• Total Revenue increases by $342,134 or
1.29 percent.
EXPENDITURES
2015-16
• Contractual Salary increases for instructional
staff are virtually offset by cost reductions due
to lower enrollment, and changes in BOCES
related services.
• Cost increases in the areas of health insurance,
retirement incentive, unemployment, and
worker’s compensation were also offset by
reductions in New York State retirement
system expenses.
EXPENDITURES
2015-16
CONTINUED…
• Special Education costs increase by $196,216
including cost reductions driven by changes in
special education programming.
• Operation of facilities includes a $47,722 increase
partially due to unit price increases in electricity
and natural gas.
• Curriculum development & school supervision
expenses have increased due to BOCES services
by $30,991.
• Transportation costs are down by $35,768 due to
lower diesel fuel and labor costs.
• Board of Education cost increases by $9,078 are
due to Board policy review related expenses.
• The total budget increase of $342,134 represents
a 1.29 percent increase.
ADMINISTRATIVE
BUDGET
2014/15
Board of Education
$ 15,527
District Office
$627,245
Admin. related services $251,565
BOCES & Insurance
$240,397
School Supervision
$848,901
Employee Benefits
$557,268
Total Administration
$2,540,903
2015/16
$ 24,605
$633,108
$261,934
$244,933
$879,892
$556,637
$2,601,109
An increase of $60,206 or 2.37 percent.
INSTRUCTIONAL
PROGRAM
BUDGET
Professional Dev.
Regular Instruction
Special Education
Student Services
Library/Computer
Athletics/Activities
Transportation
Community Service
Employee Benefits
2014/15
2015/16
$137,566
$150,373
$7,297,993 $7,300,144
$1,936,862 $2,133,078
$490,173
$510,274
$1,095,638 $1,096,728
$599,578
$623,550
$1,216,759 $1,180,991
$750
$750
$6,618,900 $6,611,408
Total Instruction
$19,394,219
$19,607,296
An increase of $213,077 or 1.10 percent.
CAPITAL
BUDGET
2014/15
2015/16
Facilities Operation
$1,243,655 $1,291,377
Facilities Maintenance $416,107
$424,092
Property Tax Refund
$2,000
$5,000
Employee Benefits
$499,699
$499,134
Debt Service
$2,299,371 $2,310,080
Transfer to Capital
$100,000
$100,000
Total Capital
$4,560,832
$4,629,683
An increase of $68,851 or 1.51 percent.
BUDGET
SUMMARY
• The 2015-16 budget assumes an increase
in state aid of $450,000 due to GEA
restoration.
• The 2015-16 budget covers increased
cost in the areas of special education,
health insurance, and anticipates cost
increases in diesel fuel, retirement
incentive, and special education.
• The budget increase is 1.29 percent.
• The tax levy increase is expected to be
2.16 percent.
WHAT IF WE
RECEIVE LESS
STATE AID
THAN
PLANNED?
• The preliminary budget draft includes a
$450,000 increase in state aid due to
restoration of the GEA.
• If the final state aid amount is less than
the amount budgeted, then an equal
amount of expenditures will also need to
be reduced or eliminated.
• Reductions of $234,000 would be in the
areas of retirement incentive, special
education and diesel fuel.
• The remaining $216,000 would impact
existing programs (worst case scenario).
THE WORST
CASE
SCENARIO
• The worst case scenario is that we receive no
increase in state aid.
• This would result in the District being forced
to choose between….
1. Higher class sizes in elementary
grades levels.
2. The elimination of certain High
School college & career based
electives.
3. Major reductions in the music
& athletics programs.
4. Or a combination of all three.
CONSIDERATIONS
• NYS may not adopt it’s own budget before
the April 1st deadline, resulting in our
District needing to adopt our budget
without knowing how much state aid we
will be receiving.
• We need to have a contingency plan in
place if this does happen.
• One thought is to adopt a proposed
budget that exceeds the tax levy limit (by
1.28 percent), which would maintain all
existing programs, and return money to
the taxpayers if state aid is increased by
reducing the tax levy increase in August.
IF NYS DOES
NOT HAVE A
BUDGET BY THE
TIME THE
BOARD OF
EDUCATION
NEEDS TO
ADOPT OURS…
2015-16 Tax levy increase
Additional tax levy to maintain
all existing programs.
Total Tax Levy Increase
Additional Tax Levy Amount
2.16%
1.28%
3.44%
$216,000
When NYS passes their budget, any state aid
increase up to $216,000 would be used to reduce
the tax levy increase.
BUDGET
TIMELINE
• March 23rd – Regular March Board of Education
meeting.
• April 20th – Regular Board of Education meeting,
including adoption of the proposed 2015-16
Budget.
• April 27th – The last date that the Board of
Education can legally adopt the 2015-16 budget.
• May 12th – Budget Hearing.
• May 19th – Annual School Budget Vote & Board of
Education election.
QUESTIONS?