Transcript www.salemcsd.org

Assumptions
State Aid has decreased over the past 2
years a total of $850,410.
TRS and ERS are increasing.
TRS from 11.84
to 16.25%. ERS from 18.9% to 20.9%
This is $172,938 increase to our TRS dollars & $27,624 increase to ERS dollars
Health insurance costs will increase.
Approximately 9.5%
This is approximately $146,000 increase
Possible loss in Title Grants due to the
Budget Control Act of 2011close to $25,000.
2013-2014 Tax Levy Calculation
Prior Year Levy 2012-2013
Tax Base Growth
4,717,406.00
Prior Year Exemption (Not TRS or ERS)
x
=
+
=
-
1.0056
4,743,823.47
0.00
4,743,823.47
18,493.00
Adjusted Prior Year Levy
=
4,725,330.47
Allowable Growth Factor
x
1.02
=
4,819,837.08
-
0.00
=
4,819,837.08
+
=
+
=
0.00
Prior Year PILOT
(lesser of CPI or 2%)
PILOTS for coming year
Available Carryover
TAX LEVY LIMIT
Coming School Year Exemptions
Maximum Allowable Levy 2013-2014
Difference from 12-13 Adjusted to 13-14
4,819,837.08
173,774.78
4,993,611.86
268,281.39
Allowable Levy Percentage from Adj Prior
0.0568
Allowable Levy Percentage from Prior Levy
0.0586
Capital Aid
Building
Less State Aid
NYPA
Less State Aid
Track
Less State Aid
Bus Purchases
Less Trans Aid
Exempt Amount
TRS
Salaries
Prior Rate
New Rate
Excess Percent
Exempt Amount
using new interest rate
calculation
301,050.00
(294,192.00)
137,721.00
(133,238.00)
45,160.00
(54,963.00)
128,000.00
(50,116.00)
79,422.00
3,915,053.00
11.84%
16.25%
2.41%
94,352.78
DRAFT
Beyond the 2% levy Limit all have heard about from last year, it is important to note:
This potential 5.68% levy increase is comprised of approx. 2.7% to fund the Teachers' Retirement System
increase and approx. 1% for the Capital Debt that is not offset by Capital Aid
Tax Levy Impact
The estimated tax increase to the average household with an
equalized assessment of $100,000 of property value would be
less than $100.
10 Year Comparison
School
Tax %
Tax Levy
Budget to
Total
Year
Increase
Amount
Budget
Budget
Voting Results
2002-2003
16.28%
$3,270,445
4.65%
1st $9,332,612 budget failed 350 to 370; 2nd
$9,312,259 budget passed 413 to 355
2003-2004
5.88%
$3,462,838
2.80%
$9,594,488 Passed 562 to 252
2004-2005
2.89%
$3,562,855
3.20%
$9,896,892 Passed 413 to 251
2005-2006
10.30%
$3,929,746
6.70%
1st $10,852,978 budget-failed 336 to 540; 2nd
$10,558,849 budget passed 496 to 373
2006-2007
3.87%
$4,081,935
4.60%
$11,042,222 Passed 361 to 224
2007-2008
4.18%
$4,252,424
4.20%
$11,542,275 Passed 314 to 152
2008-2009
3.96%
$4,421,000
3.36%
$11,930,388 Passed 291 to 123
2009-2010
1.00%
$4,465,210
-2.64%
$11,615,277 Passed 280 to 99
2010-2011
1.94%
$4,551,835
-3.04%
$11,261,625 Passed 321 to 161
2011-2012
1.99%
$4,642,417
-1.69%
$11,070,785 Passed 307 to 111
2012-2013
1.62%
$4,717,406
0.26%
$11,099,916 Passed 307 to 102
2013-2014
5.86%
$4,993,767
5.19%
$11,676,084
Summarize the 2013-2014
Budget Components
Capital
SUMMARY CAPITAL COMPONENT
Sub Budgets
13-14 FTE
12-13 Adopted
TRANSPORTATION
OPERATION AND MAINTENANCE
JUDGMENTS AND CLAIMS
DEBT
TRANSFERS-LUNCH FUND Prior
Years
TOTAL CAPITAL COMPONENT
7.475
$70,000
$50,500
$132,000
$1,003,588
$1,003,588
$1,059,412
$491,498
$491,498
$488,321
$40,000
$1,605,086
$40,000
$1,585,586
$40,000
$1,719,733
$-
7.475
$-
2013-2014
Vehicle
Equip
$132,000 Salary & Bene
$17,800
Debt
Contractual $409,390
Supplies
2012-2013
Vehicle
Equip
$569,080
$488,321
$40,000
$63,142
$1,097,401
$622,332
Budget:
$70,000 Salary & Bene
$18,570
Debt
Contractual $331,240
Supplies
Lunch Fund
Lunch Fund
$1,719,733
$589,954
$491,498
$40,000
$63,824
$1,121,452
$483,634
Budget:
13-14
Proposed
12-13 YTD
& encumbered
$1,605,086
$+/1- 66 passenger bus, 1- 8 passenger
$62,000AWD van
We used $71,100 from repair reserves
$55,824last year
$0
($3,177)Refinanced old bonds at lower rate
$0
$114,6477
.14%
Administration
SUMMARY ADMINISTRATIVE COMPONENT
13-14
2012-2013
Sub Budgets
FTE 12-13 Adopted
Y-T-D
BOARD OF EDUCATION
0.00
$
26,100
$ 26,100
INSTRUCITONAL IMPROVEMENT
0.00
$
32,551
$ 32,551
CENTRAL ADMINISTRATION
2.00
$
218,054
$ 218,053
FINANCE
2.00
$
200,015
$ 199,966
LEGAL EXPENSES
0.00
$
19,000
$ 19,000
CENTRAL SERVICES
0.00
INSTRUCTIONAL ADMINISTRATION
TOTAL ADMINISTRATIVE COMPONENT
6.20
10.20
2013-2014
Equip
Contractual
Supplies
BOCES
Salary & Ben
BUDGET
$
$
$
$
$
$
150,385
47,712
210,030
871,520
1,279,647
2012-2013
Equip
Contractual
Supplies
BOCES
$
$
$
$
1,000
142,575
46,839
209,682
Salary & Ben
BUDGET
$
$
760,778
1,160,874
$
242,516
$ 236,216
$
422,637
$ 1,160,874
$ 349,747
$1,081,633
13-14
$ Change from
Proposed
12-13
$
26,132
$
32
$
33,191
$
640
$ 236,809
$
18,755 Increase all for Health Insurance
$ 227,640
$
27,625 $24,734 due to Health insurance
$
20,500
$
1,500 Expected Atty fee increase
6% school ins-Sandy, & 3%
$ 247,961
$
5,445 BOCES
$33K Admin increase, $12K in
$ 487,414
$
64,777 TRS, $14K in Health Ins.
$ 1,279,647
$ 118,773 10.23%
Program
Sub Budgets
SUMMARY PROGRAM COMPONENT BUDGETS
13-14 FTE 12-13 Adopted
TOTAL TEACHING
TOTAL INSTRUCTIONAL MEDIA
TOTAL PUPIL SERVICES
TOTAL COMMUNITY SERVICES
TOTAL TRANSPORTATION
TOTAL RETIREES
TOTAL PROGRAM COMPONENT
2013-2014 Budget
BOCES
Equipment
Contractual
Tuition
Supplies
Salary & Bene
Budget:
2012-2013 Budget
BOCES
Equipment
Contractual
Tuition
Supplies
Salary & Bene
Budget:
68.03
1
4.8
0
13.125
86.955
$724,670
$20,581
$212,987
$330,000
$257,711
$7,130,755
$8,676,704
$736,515
$26,000
$218,393
$320,000
$230,406
$6,802,641
$8,333,955
$6,185,720
$287,927
$705,614
$0
$849,389
$305,305
$8,333,955
13-14 Proposed
$6,462,643
$312,391
$715,194
$0
$856,270
$330,206
$8,676,704
$ +/$276,923
$24,464
$9,579
$0
$6,881
$24,901
$342,749
13-14 Notes
$123K Salaries, $121K TRS
$18K Health Ins.
$21,500 BOCES LAN Tech
$10K In TRS, $7K in Health Ins.
Health Ins, ERS
Health Insurance
4.11%
PROPOSED REVENUE
Revenue Projections
12-13
13-14
$ +/-
Foundation Aid & GEA Restoration
$ 3,933,660
$
4,019,784
BOCES Aid
$
259,842
$
Excess Cost and Public and Private Cost Aid
$
170,279
$
Textbook, Computer Aids
Building Aid
$
50,487
$
490,922
High Tax Aid
$
Transportation Aid
$
$
% +/-
86,124
2.19%
219,365
$ (40,477)
-15.58%
197,252
$
$
51,052
$
501,785
$
484,620
Estimated State Revenue:
Property Taxes
26,973
15.84%
$
565
1.12%
$
10,863
2.21%
127,523
$ 127,523
100.00%
$
445,852
$ (38,768)
-8.00%
$ 5,389,810
$
5,562,613
$ 172,803
3.21%
$ 4,717,406
$
4,993,612
$ 276,206
5.86%
Non-Resident Tuition
$
$
172,000
$
0
0.00%
Health Consortium Rebate
$
$
0
0.00%
Refunds Prior Year Expenses
$
12,000
$
12,000
$
0
0.00%
Interest & Earnings
$
20,000
$
20,000
$
0
0.00%
Medicaid Reimbursement
$
42,000
$
42,000
$
0
0.00%
Penalties on Property Taxes
$
15,500
$
15,500
$
0
0.00%
Debt Service
$
85,000
$
85,000
$
0
0.00%
Miscellaneous
$
4,200
$
4,200
$
0
0.00%
Estimated Local Revenue:
$ 5,068,106
$
5,344,312
$
276,206
5.45%
Title I Grant
$
$
95,207
$
3,207
3.49%
REAP Grant
$
-
$
60,000
$
60,000
100.00%
ERS Reserve
$
-
$
63,952
$
63,952
100.00%
Appropriated Reserves
$
75,000
$
75,000
$
0
0.00%
Fund Balance to Reduce Levy
$
475,000
$
475,000
$
0
0.00%
TOTAL REVENUE
$ 11,099,916
$
11,676,084
$
-
172,000
-
$
92,000
Expense
12-13 Budget
13-14 Proposed
Difference From Prior
Proposed Expenses 13-14
13-14 Revenue Proposed
Balance
-
576,168
Revenue
$11,099,916
$
11,099,916
$11,676,084
$
11,676,084
$576,168
$ 11,676,084
$ 11,676,084
($0)
$576,168
5.19%
5.19%