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Oswego City School District
2012-13 Budget Plan
April 17, 2012
Finance Committee Update
Budget Priorities
•Program Preservation with appropriate staffing
•Programming to support district/board goals
•Health and Safety of Students/Staff
•Efficiency of Operations
•Responsible Use of Appropriated Fund Balance
• Elementary Redistricting for 2012-13
Budget Priorities
•Big Picture School
•Universal Pre-K (Developmental Component)
•Elimination of ‘VOID’ Year for SpecED
•Implementation of RTTT
•Common Core
•Data Driven Instruction
•APPR – Teacher and Principal
•Capital Improvements
•EXCEL Expenditures/Referendum
Fiscal Navigation
•Contract Negotiations (CSEA, OCTA, COASA and AAP)
•Litigation
•Grievance(s)
•Tax Certiorari Challenges
•State Budget
•Foundation Aid
•Retirements
•2% Tax Levy Cap vs Tax Levy Limit (aid loss)
Debt Service Payments
2005-2006 School Year through 2013-2014
School Year
2005-2006
2006-2007
2007-2008
2008-2009
2009-2010
2010-2011
2011-2012
2012-2013
2013-2014
Principal
Interest
Total
952,409
901,918
1,082,612
1,292,942
1,518,516
2,970,067
3,030,580
4,163,292
4,920,443
682,300
935,340
711,163
676,130
991,640
1,581,741
2,950,645
2,626,925
2,634,929
1,634,709
1,837,258
1,793,775
1,969,072
2,510,156
4,551,808
5,981,225
*6,790,217
**7,555,372
20,832,779
13,790,813
34,623,592
* Includes Oswego BOCES Capital Project using a BAN on 55% of the Oswego City School District obligation.
** The School District will begin debt service payments on the fully bonded amount in 2013-2014. Using the 10 year Bond
term, this will mean an approximate addition of $825,000 in debt service for 2013-2014. The School District will also receive
BOCES aid to offset the borrowing costs at a rate of 63.09% on the project resulting in approximately $383,249 in aid for
2013-2014.
Appropriations Analysis
Budget Appropriations
GENERAL SUPPORT
INSTRUCTION
TRANSPORTATION
EMPLOYEE BENEFITS
DEBT SERVICE
INTERFUND TRANSFERS
TOTAL
2011-12
2012-13
Proposed
Increase/
Decrease
$9,082,212
$9,120,072
37,860
$33,247,317
$34,876,003
1,628,686
$3,125,918
$2,993,632
(132,286)
$22,715,120
$22,724,132
9,012
$6,494,181
$6,790,218
296,037
$80,000
$100,000
$20,000
$74,744,748
$76,604,057
1,859,309
Revenue Analysis
Revenue Source
Appropriated Fund Balance
2011-12
0
$ 1,600,000
* $ 26,218,800
$ 25,810,661
State Aid (Gov.)
$ 13,854,906
$ 15,101,894
Building Aid
$ 6,816,317
$ 3,865,812
Other sources(incl. PILOTS)
Additional Revenues and/or
Program Adjustments
$ 27,854,725
$ 30,225,690
TOTAL
$ 74,744,748
Levy
* Actual is $54,055,460
$
2012-13 Proposed
$
0
$
0
$ 76,604,057
Albany Budget Proposals
Executive
Final
Difference
$11,814,480
$12,117,849
$303,369
--
--
--
$2,211,559
$1,959,537
$(252,022)
High Cost Excess
$451,089
$420,506
$ (30,583)
Private Excess Cost
$105,870
$100,808
$ (5,062)
Hardware & Tech
$79,684
$70,101
$ (9,583)
Soft, Text, Library
$335,553
$330,023
$ (5,530)
$3,034,013
$2,644,406
$ (389,607)
$ (2,785,252)
$ (2,541,336)
$243,916
$4,356,411
$3,865,812
$ (490,599)
$19,603,407
$18,967,706
$ (635,701)
$392,181
$392,181
--
Foundation Aid
Full Day K
BOCES
Transportation
GEA
Building Aid
Total General Fund Aid
U Pre-K
School Bus Purchase Proposition
• Replace 10 Buses $999,952 ($699,966 State Aid)
– (8) 66 Passenger Buses ($105,551 each)
– (1) 60 Passenger Bus w/up to 2 wheelchairs ($113,678)
– (1) 30 Passenger Bus ($ 41,865)
•
•
•
•
•
Aging Fleet
Minimal impact on debt service expenses
Maximizes safety
Minimizes maintenance and repair costs
No impact on 2012-2013 Budget
Tax Impact of Proposed Levy
Year
2009/10
2010/11
2011/12
2012/13
2012/13**
Rate/1000
$ 21.54
$ 21.28
$ 19.15
$ 18.85
$ 22.80
$
$
$
$
$
$
Value
100,000
2,154
2,128
1,915
1,885
2,280
with Star *
$
100,000
$
1,508
$
1,490
$
1,341
$
1,320
$
1,596
*Net $70,000 after $30,000 star exemption
** Permissible based on NYS Tax Cap Formula (Tax Levy Limit)
NOTE: The Tax Rate is the result of a calculation involving 3
pieces of information. The only piece the School District controls is
the tax levy. The other portions are the finalized assessments (set
by the assessors on July 1st) and the equalization rates (set by the
New York State Office of Real Property Services by August 15th).
All else remaining equal, a lower tax levy will result in a lower tax
rate.
Tax Rate & Levy History
Year
Tax Levy
Nine Mile
Included Levy
Net Tax Levy
2005/06
$ 26,815,020
$
0
$ 26,815,020
2006/07
$ 26,567,233
$
0
$ 26,567,233
2007/08
$ 27,370,133
$
0
$ 27,370,133
2008/09
$ 28,668,250
$
0
$ 28,668,250
2009/10
$ 29,676,714
$
0
$ 29,676,714
2010/11
$ 34,699,455
$ 6,131,628
$ 28,567,827
2011/12
$ 54,055,460
$27,836,660
$ 26,218,800
2012/13 **
$ 25,810,661
$
0
$ 25,810,661
2012/13 *
$ 30,884,916
$
0
$ 30,884,916
** Proposed
* Based on New York State Tax Cap Formula (Tax Levy Limit)
Budget Calendar
March 20, 2012
Finalize preliminary budget; Board of Education approval of
propositions
March 27, 2012
Preliminary budget hearing (open to the public)
March 27-31, 2012 District will publish first of four legal notices of budget
vote and board election
April 17, 2012
Budget Discussion - Adoption of budget by the Board of
Education
April 20, 2012
Real Property Tax Report Card to SED (or within 24 hours
of adoption)
April 20, 2012
Budget available for public review (Each School Building)
May 8, 2012
Budget Hearing (Regular Meeting) Admin/Program/Capital
Components
May 9, 2012
Mail School Budget Notice/District Newsletter (after Budget
Hearing)
May 15, 2012
Budget Vote/Annual Meeting (Voting - 12:00 to 9:00 pm)
DISCUSSION