budget & bond may 2016

The City School District of New Rochelle Board of Education unanimously adopted a proposed $253,685,636 budget for the 2016-2017 school year, with a $3,564,473 increase, or 1.42%, over the previous year’s budget in April.

This budget proposal has a 1.11% tax levy increase, which means the district meets the state’s required tax levy cap. Therefore, the district needs a simple majority of voters to approve the budget on May 17.

This is the second year the district will have a balanced budget. Additionally, all programs, faculty and staff positions currently in place for this school year are maintained in the proposed budget.

The total proposed taxes to be collected by the school district will be $200,442,810, or 79.01% of the proposed budget.

“New Rochelle strives to provide a high-quality and challenging education for every child,” said Superintendent Dr. Brian G. Osborne. “The proposed budget is educationally sound and fiscally responsible; it protects the instructional program while delivering a record-low tax impact.”

In addition to maintaining all academic and co-curricular programs, the proposed budget will also add three kindergarten-grade 5 and four grade 7-12 teaching positions to accommodate enrollment increases and stable class sizes.

“This budget was crafted with a tremendous amount of wise and careful judgment and puts students’ academic needs first and foremost,” said Board of Education President Lianne Merchant. “We are very proud to say this is our lowest tax rate in 15 years, and we believe the way we have been conservative in its preparation exceeds taxpayer expectations. We are very hopeful voters will support this budget.”

The proposed budget also includes a $1.2 million increase to $2.3 million in funding for identified capital projects, in addition to $13 million to fund regular custodial and maintenance services for buildings and grounds.

A capital bond project proposal in the amount of $106,479,575 will be on the ballot on May 17. The bond was unanimously approved by the City School District of New Rochelle Board of Education. It will fund urgent infrastructure needs in every school and address significant and necessary health and safety projects.

The bond will keep taxes stable for residents, as there will be no net increase in debt service over the lifetime of the bond. Here’s why:

• Completing payments on existing debt

• Low interest rates on lending

• 48.7% reimbursement rate from New York State

Currently, all 10 school buildings in New Rochelle are rated Unsatisfactory, according to the school district’s five-year Building Condition Survey (BCS). At the completion of the expected four-year project, all buildings should be rated Satisfactory and greatly improved.

Under the bond, work at various schools will include roof replacements; masonry restorations; window replacements; exterior and interior door replacements; elevator installations; ADA compliance upgrades; HVAC, electrical and plumbing upgrades; pavement and drainage replacements; athletic field replacements; exterior stair and ramp reconstruction; and interior improvements at each building.

Continued on page 3

For a detailed look at each school’s projects, see pages 4 and 5

City School District of New Rochelle, New York

BUDGET & BONDMay 2016 Newsletter

2016-17 BUDGET MAINTAINS STRONG ACADEMIC PROGRAMS

CAPITAL PROJECTS BOND PROVIDES FOR URGENT INFRASTRUCTURE NEEDS, KEEPS TAXES STABLE

Para información sobre el bono en español, visite www.nred.org

2 Budget News May 2016 newrochelleschools NewRochelleED • www.nred.org

Letter from the Superintendent

New Rochelle is an accomplished school district, with outstanding student achievement supported by dedicated administrators, teachers and parents. Our school buildings should reflect

the pride we have in our district, but currently they are failing. This $106.5 million bond vote on May 17 is a pivotal opportunity for New Rochelle to make the needed investment in our schools, preserve them for the future and address urgent safety and health issues.

The district embarked on a community-based process to assess needs in its school buildings. In addition to our architects, engineers and construction and finance professionals, we asked for input from custodians, parents and teachers. Our Districtwide Health and Safety Committee and 10 school-based health and safety committees added critical input to the review process. This collaboration led to a list of needs and prioritized projects.

Thanks to low interest rates, state aid that will pay back 48.7% of the bond and the reduction in long-term capital debt, taxes will be kept stable. There will be no net increase in debt service over the lifetime of the bond.

The school district is also seeking approval on May 17 of its annual operating budget, which includes a 1.11% increase in the tax levy. The budget includes almost $13 million to fund regular maintenance for our buildings and grounds.

Long-term solutions are needed, however, and that is why we are requesting the $106.5 million capital improvement bond. See our website (www.nred.org) for tax details and more information about the bond.

Our teachers, staff and students are accomplishing many outstanding academic achievements in our classrooms. Our graduation rates continue to increase and we have one of the lowest per-pupil costs in Westchester County. We owe it to our children to provide a learning environment that meets our high education standards and achievements.

Please vote on May 17.

Dr. Brian G. Osborne Superintendent of Schools City School District of New Rochelle

School Board Election, Budget & Bond VoteMay 17, 2016 7:00 a.m. – 9:00 p.m. Voters will:

• Elect two members of the Board of Education to serve at-large for a five-year term each beginning July 1, 2016 and ending June 30, 2021. The successful candidates receiving the first and second highest number of votes will be seated for the five-year terms.

• Consider a proposition to adopt the Annual Budget of the City School District of the City of New Rochelle for the fiscal year 2016-2017.

• Consider a proposition to adopt BOND PROPOSITION No. 1 authorizing a school district capital improvement program, consisting of the reconstruction and construction of improvements to school buildings, including site improvement, equipment, furnishings, machinery and apparatus, at a maximum estimated cost of $106,479,575.

• Consider a proposition to adopt the Annual Budget of the New Rochelle Public Library for the fiscal year 2016-2017.

• Elect three Library Trustees. One will to serve a five-year term beginning July 1, 2016 (ending June 30, 2021). A second will serve a three-year term beginning May 18, 2016 (unexpired portion of a five-year term, ending June 30, 2019). A third will serve a one-year term beginning May 18, 2016 (unexpired portion of a five-year term, ending June 30, 2017). The successful candidate with the most votes will win the five-year term, second most votes will win the three-year term and third most votes will win the one-year term.

School District 2016-2017 General Fund Budget PropositionRESOLVED, that the general fund proposed budget of expenditures of the Board of Education of the City School District of the City of New Rochelle, Westchester County, New York, for the 2016-2017 school year in the amount of $253,685,636 for the purposes shown in the statement of estimated expenditures be and hereby is approved and authorized to be submitted to the voters at the Annual School Election/Budget Vote, May 17, 2016; and the amount thereof shall be raised by a levy of a tax upon taxable property located within the school district, and after deducting the monies available from State Aid and other sources as provided by law?

School District 2016-2017 Bond Proposition No. 1BOND PROPOSITION No. 1: Shall the bond resolution adopted by the Board of Education of the City School District of the City of New Rochelle, New York (the “School District”), on March 29, 2016, authorizing a School District capital improvement program, consisting of the reconstruction and construction of improvements to school buildings, including site improvement, equipment, furnishings, machinery and apparatus, at a maximum estimated cost of $106,479,575, authorizing the issuance of $106,479,575 serial bonds of the School District to pay the cost thereof; providing that the sum of $106,479,575, or so much thereof as may be necessary, shall be raised by the levy of a tax upon the taxable real property of the School District and collected in annual installments as provided by Section 416 of the Education Law; providing that, in anticipation of said tax, obligations of the School District shall be issued; pledging the faith and credit of the School District for the payment of the principal of and interest on said bonds; determining that the period of probable usefulness thereof and maximum maturity of the serial bonds therefore is thirty years; delegating the power to authorize and sell bond anticipation notes and to fix the details of and to sell serial bonds; containing an estoppel clause and providing for the publication of an estoppel notice, be approved?

Public Library 2016-2017 General Fund Budget PropositionRESOLVED, that the general fund proposed budget of expenditures of the New Rochelle Public Library of the City School District of the City of New Rochelle, Westchester County, New York, for the 2016-2017 year in the amount of $4,939,483.91 for the purposes shown in the statement of estimated expenditures be and hereby is approved and authorized to be submitted to the voters at the Annual Library Election/Budget Vote, May 17, 2016, and the amount thereof shall be raised by a levy of a tax upon taxable property located within the school district, after first deducting the monies available from other sources as provided by law?

Other notes:• This year’s ballot will be two-sided. To be sure your vote is recorded thoroughly, review and

complete both sides to be sure you are voting on all items before submitting.

• Voters must cast their vote at their designated polling location, which is the location where they are registered to vote.

• If a voter recently moved from one School Election District (SED) to another, and has not changed their residence address with the Westchester County Board of Elections, that voter may vote at the SED wherein he/she is registered and notify the election inspectors of the address change. Election inspectors are able to provide a change of address form for the voter to complete.

Budget News May 2016 3 newrochelleschools NewRochelleED • www.nred.org

Voter Information

Who Can Vote?In order to vote in the Annual School Board Election and Budget Vote on Tuesday, May 17, 2016, a voter must be:

a. A citizen of the United States; andb. Eighteen (18) years of age on or before the day of the school

election; andc. A resident of the City of New Rochelle, New York, for thirty

(30) days immediately preceding the day of the election; and d. Either registered with the Westchester County Board of

Elections by May 3, 2016 or registered under Personal Registration of Voters with The City School District of New Rochelle at the Board of Education offices.

Where to Vote: Registered voters may vote only at their designated polling place. The location of your individual polling place is noted on the mailing panel above your name and address. If you have any questions regarding voter registration or where to vote, please contact the Clerk and Secretary to the Board of Education, (914) 576-4219.

Polling Places:The following is a list of polling places in the school district’s election districts. To verify your polling place, refer to the mailing label on the back cover of this newsletter, or you may contact the Board of Education at (914) 576-4219. The Street Directory Guide will be posted on the district website at www.nred.org.

SED # 1 - Henry Barnard School, 129 Barnard Road, New Rochelle, NY 10801, Auditorium Lobby (G.E.D.: 11, 12, 13, 16, 38, 70)SED # 2 - Columbus School, 275 Washington Avenue, New Rochelle, NY 10801, Gymnasium (G.E.D.: 50, 51, 52, 54, 55, 56, 74, 75)SED # 3 - George M. Davis, Jr. School, 80 Iselin Drive, New Rochelle, NY 10804, Gymnasium (Gymnasium entrance off Iselin Drive) (G.E.D.: 30, 32, 39, 40, 43, 46, 47)SED # 4 - Jefferson School, 131 Weyman Avenue, New Rochelle, NY 10805, Gymnasium (Emmett Terrace Entrance) (G.E.D.: 18, 22, 23, 24, 71, 73, 77)SED # 5 – Central Administration (Rev. Martin Luther King, Jr. Community Center), 95 Lincoln Avenue, New Rochelle, NY 10801, Dining Hall (G.E.D.: 10, 15, 49, 53, 60, 64, 66, 78)SED # 6 - New Rochelle High School, 265 Clove Road, New Rochelle, NY 10801, Auditorium Lobby (Clove Road Entrance) (G.E.D.: 14, 34, 36, 37, 41, 45, 48, 61, 68)SED # 7 - Trinity School, 180 Pelham Road, New Rochelle, NY 10805, Gymnasium (G.E.D.: 1, 5, 6, 9, 28)SED # 8 - Albert Leonard Middle School, 25 Gerada Lane, New Rochelle, NY 10804, Auditorium Lobby (G.E.D.: 31, 35, 44)SED # 9 - Daniel Webster School, 95 Glenmore Drive, New Rochelle, NY 10801, Gymnasium (G.E.D.: 7, 57, 58, 59, 63, 72) SED # 10 - Isaac E. Young Middle School, 270 Centre Avenue, New Rochelle, NY 10805, Gymnasium (G.E.D.: 19, 25, 26, 29) SED # 11 – East End (Holy Name School), Halligan Street, New Rochelle, NY 10801, Halligan Hall (G.E.D.: 2, 3, 4, 8, 65, 69, 76, 79)SED # 12 - William B. Ward School, 311 Broadfield Road, New Rochelle, NY 10804, Cafeteria (Rear Entrance) (G.E.D.: 27, 33, 42, 67)SED # 13 - 570 Fifth Avenue, New Rochelle, NY 10801, Community Room (G.E.D.: 21)

Estimated ExpendituresExpense 2015 - 16 Budget 2016 - 17 Budget

General Support 32,814,731 28,783,746

Instruction 135,370,186 140,916,718

Transportation 12,588,605 13,205,612*

Community Services 2,469 2,469

Undistributed 69,345,482 70,777,091

Total Expenses 250,121,473 253,685,636

* Includes the first year of a five year transportation contract. The 2016-17 transportation budget includes one year cost of this contract. The total cost of the five year contract is $62,733,817.

Estimated RevenuesRevenue 2015 - 16 Budget 2016 - 17 Budget

Real Property Taxes $198,236,995 $200,442,810

State Aid 38,912,918** 41,027,994

Utility Tax 3,600,000 3,375,000

Charges for Services 3,050,000 3,025,000

Interest & Penalties on Taxes 800,000 400,000

Payments in Lieu of Taxes 2,239,217 2,200,000

Sales & Compensation for Loss 81,000 81,000

Interfund Transfers 262,375 275,000

Use of Money and Property 242,000 210,000

Medicaid Assistance/Other Fed. Aid 410,464 550,000

Miscellaneous 2,286,504 2,098,832

Total Revenues $250,121,473 $253,685,636

** = 2015-16 Restated to reflect State Aid categories as they appear on final enacted aid runs.

* Includes the first year of a five year transportation contract. The 2016-17 transportation budget includes one year cost of this contract. The total cost of the five year contract is $62,733,817.

Instruction: 55.55%

Public Transportation:5.20%Community Services:

0.01%

General Support:11.34%

Undistributed (benefits & debt

service): 27.899%

Local Property Tax: 79.01%

Other Revenue: 4.81%

State Aid (all forms):

16.17%

Continued from page 1

To choose the projects, a comprehensive analysis of building conditions and project financing options was conducted by architects, engineers and construction and finance professionals. In addition, parents, custodians, teachers, administrators, employee union representatives, a Board Member and the New Rochelle City Manager on the Districtwide Health and Safety Committee and 10 school-based health and safety committees engaged in a thorough, collaborative review process of each school’s Building Condition Survey (BCS).

If the bond is approved by voters, there will be multiple levels of construction project oversight, including the New York State Education Department and the New York State Department of Labor. Also, architectural firm CSArch and construction manager Capital Construction Consultants will qualify bids received. Projects will be bid under general municipal law and other requirements drafted by the district’s legal counsel, the architect and the construction manager. The qualified and lowest responsible bidders will be awarded the contracts. Independent testing consultants will confirm materials and work are performed in compliance with New York State law. There will also be a 5-10% retainage of payments for completed work throughout the project. Projects (including issues and complaints) will also be reviewed by the districtwide and school-based health and safety committees, whose role expands for this purpose during a capital construction project.

CAPITAL PROJECTS BOND PROVIDES FOR INFRASTRUCTURE NEEDS, KEEPS TAXES STABLE


New Rochelle High School• Flat roof replacement, slate roof restoration/replacement • Masonry restoration • Window and exterior door replacement• Interior door replacement • New Elevator • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Pavement and drainage, sanitary line project • Select athletic field replacement • Select interior finish replacement

The above projects are in addition to the work that has been done at NRHS since July 2014: fire alarm system, lighting, motion sensors, ventilation, destratification fans, walk-in freezer/cooler controls and plug load power management systems.

Albert Leonard Middle School• Flat roof replacement • Masonry restoration • Interior door replacement • Select interior finish replacement • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Pavement and drainage • Athletic field restoration

The above projects are in addition to the work that has been done at ALMS since July 2014: lighting, motion sensors, ventilation, replacement of two boilers, destratification fans, walk-in freezer/cooler controls and plug load power management systems.

BOND-FINANCED PROJECTS AT EVERY SCHOOL

Isaac E. Young Middle School • Flat roof replacement • Masonry restoration • Exterior and interior door replacement • Elevator refurbishment • Select ADA compliance upgrades • Athletic field restoration • HVAC, electrical and plumbing upgrades • Pavement and drainage • Exterior stair and ramp reconstruction/restoration • Select interior finish replacement

The above projects are in addition to the work that has been done at IEYMS since July 2014: lighting, motion sensors, ventilation, destratification fans, walk-in freezer/cooler controls and plug load power management systems.

Henry Barnard School• Flat roof replacement • Masonry restoration • Exterior and interior door replacement • Select interior finish replacement • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Exterior stair and ramp reconstruction/restoration • Pavement and drainage

The above projects are in addition to the work that has been done at Barnard since July 2014: limited masonry stabilization, lighting, motion sensors, ventilation, boiler burner controls and plug load power management systems.

Columbus Elementary School• Masonry restoration • Window and exterior door replacement • Interior door replacement • Select interior finish replacement • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Exterior stair and ramp reconstruction/restoration • Pavement and drainage

The above projects are in addition to the work that has been done at Columbus since July 2014: roof replacement, unit ventilator replacement, lighting, motion sensors, ventilation, destratification fans, walk-in freezer/cooler controls, resurface and extension of outside play area and plug load power management systems.


George M. Davis, Jr. Elementary School

• Flat roof replacement • Masonry restoration • Athletic field restoration • Exterior and interior door replacement • Select interior finish replacement • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Pavement and drainage

The above projects are in addition to the work that has been done at Davis since July 2014: reconstruction and restoration of main entrance driveway, limited masonry stabilization, lighting, motion sensors, ventilation (including demand control ventilation system), destratification fans and plug load power management systems.

Jefferson Elementary School

• Replace fire escape • Masonry restoration • Exterior and interior door replacement • Select interior finish replacement • Elevator refurbishment • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Pavement and drainage

The above projects are in addition to the work that has been done at Jefferson since July 2014: PA system, lighting, motion sensors, ventilation, boiler burner controls and plug load power management systems.

BOND-FINANCED PROJECTS AT EVERY SCHOOL

Trinity Elementary School • Flat roof replacement • Masonry restoration • Exterior and interior door replacement • Select interior finish replacement • Elevator refurbishment • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Pavement and drainage

The above projects are in addition to the work that has been done at Trinity since July 2014: unit ventilators, lighting, motion sensors, ventilation, boiler burner controls, walk-in freezer/cooler controls, limited masonry stabilization, and plug load power management systems.

William B. Ward Elementary School • Flat roof replacement • Masonry restoration • Window and exterior door replacement • Interior door replacement • Select interior finish replacement • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Pavement and drainage • Athletic field restoration

The above projects are in addition to the work that has been done at Ward since July 2014: lighting, motion sensors, ventilation, walk-in freezer/cooler controls and plug load power management systems.

Daniel Webster Elementary School• Flat roof replacement, slate roof restoration/replacement • Masonry restoration • Exterior and interior door replacement • Select interior finish replacement • Select ADA compliance upgrades • HVAC, electrical and plumbing upgrades • Pavement and drainage

The above projects are in addition to the work that has been done at Webster since July 2014: ceiling restoration/renovations, roof replacement, PA system, lighting, motion sensors, ventilation, boiler burner controls, walk-in freezer/cooler controls, plug load power management systems, main entrance concrete and masonry restoration, resurface exterior play areas and limited masonry stabilization.


2015-2016 2016-2017 Budget Incr. Budget % Description Budget Budget (Decrease) Change

Tax ItemsReal Property Taxes $198,236,995 $200,442,810 $2,205,815 1.11%Payments in Lieu of Taxes 2,239,217 2,200,000 (39,217) -1.75%Interest & Penalties on Taxes 800,000 400,000 (400,000) -50.00%Subtotal $201,276,212 $203,042,810 $1,766,598 0.88% Utility Tax $3,600,000 $3,375,000 ($225,000) -6.25%

Charges for Services Continuing Education Tuition 100,000 75,000 (25,000) -25.00% Non-Resident (Foster) Tuition 700,000 700,000 (0) 0.00% Health Services for Other Districts 2,250,000 2,250,000 (0) 0.00% Transportation for Other Districts (0) (0) (0) 0.00% Subtotal $3,050,000 $3,025,000 ($25,000) -0.82%

Use of Money and Property Interest & Earnings $100,000 $75,000 ($25,000) -25.00%Rental of Real Property 142,000 135,000 (7,000) -4.93%Subtotal $242,000 $210,000 ($32,000) -13.22% Sales & Compensation for Loss Sale of Scrap/Excess Materials and Insurance Recoveries $81,000 $81,000 (0) 0.00%Subtotal $81,000 $81,000 (0) 0.00%

Miscellaneous Refund Prior Years' Expense-BOCES $405,841 $400,000 ($5,841) -1.44%Refund Prior Years' Expense-Other 756,831 600,000 (156,831) -20.72%Other (E-Rate, Bus Tokens) 1,123,832 1,098,832 (25,000) -2.22%Subtotal $2,286,504 $2,098,832 ($187,672) -8.21%

State Aid Basic Formula/Foundation Aid $24,583,778 $24,571,258 ($12,520) -0.05%High Tax Aid 663,963 663,963 (0) 0.00%Public & Private Excess Cost Aid 1,468,331 1,663,739 195,408 13.31%BOCES Services Aid 4,132,828 4,235,565 102,737 2.49%Hardware & Technology 126,850 127,707 857 0.68%Software, Library, Textbook 1,036,733 1,033,811 (2,922) -0.28%Transportation Aid 5,681,297 5,336,944 (344,353) -6.06%Building Aid 3,310,528 3,395,007 84,479 2.55%State Aid Reduction (3,990,889) (2,091,390) 1,899,499 47.60%State Aid Gap Elimination Adjustment 1,899,499 2,091,390 191,891 10.10%Subtotal **$38,912,918 $41,027,994 $2,115,076 5.44%

Other Financing Sources CPSE Excess Administrative Cost Refund $150,000 $150,000 (0) 0.00% Federal Aid - Medicaid Assistance 260,464 400,000 139,536 53.57% Interfund Transfers 262,375 275,000 12,625 4.81% Appropriated Fund Balance N/A Subtotal $672,839 $825,000 $152,161 22.61%

TOTAL REVENUES $250,121,473 $253,685,636 $3,564,163 1.42%

** = 2015-16 Restated to reflect State Aid categories as they appear on final enacted aid runs.

CITY SCHOOL DISTRICT OF NEW ROCHELLE REVENUES Q & AQ: What is the proposed 2016-17 school district budget increase and associated tax impact?A: The proposed school district budget increase is 1.42% and the projected tax rate impact is 1.11% over the last year’s actual figures. The final tax rate will be determined this fall when New Rochelle’s city tax roll is set.

Q: What major factors have influenced the 2016-17 school district budget?This budget keeps costs in line while adding seven new teaching positions to accommodate enrollment increases and maintain favorable class sizes. It also maintains existing programs while increasing capital investment by $1.2 million. It’s important to note this budget proposal will also result in our district having the second lowest spending rate and levy rate increase in 15 years.

Q: What plans are in place to address the facilities and maintenance aspects of our physical school community?A: The $106.5 million capital bond will correct many of the health and safety issues existing in our school buildings. This district needs this type of capital funding – rather than simply handling it through the annual operational budget – to address the many necessary, long-delayed and age-related repairs in these building. The planned projects are detailed on pages 4 and 5 of this newsletter.

Q: How is the 2016-17 budget being created and what are the advantages to the district utilizing zero-based budgeting? A: The 2016-17 budget has been developed using zero-based budgeting principles. This method allows greater opportunities to best efficiently allocate resources, increases communication and coordination among district professionals, and encourages more thoughtful alignment of budget resources to support the district’s educational goals and mission.

Q: What is the district’s current undesignated fund balance percentage?A: Over the last year, the district has increased its fund balance reserve from 2.4% to 3% of its budget, significantly increasing the district’s financial health and strength. Under state law, the district may keep up to 4% of its budget in the undesignated fund balance.

Q: What plans does the district have to address facilities’ needs throughout the district? A: If the $106.5 bond referendum passes, we have a four-year plan to make improvements throughout the district. We are currently finalizing a five-year building condition survey (BCS) that analyzes existing facilities needs. The district is also developing a long-term capital facilities plan where a wide variety of concerns will be considered and addressed on an ongoing basis.


DETAILED BUDGET BREAKDOWNGENERAL SUPPORT

2015-16 Budget 2016-17 Proposed Difference in Amount

Board of Education $321,983 $330,917 $8,934 Allocations for annual district meetings, budget votes, school board election expenses, office of the district clerk and legal expenses.

Central Administration, Finance & Staff 3,787,293 3,834,374 47,081 Salaries, supplies and equipment for central administration and staff, business administration, personnel administration, district treasurer, public information services, legal services and auditing services.

Central Services 22,123,164 21,799,241 (323,923) Salaries, equipment, supplies, contract and utilities service for district plant operation and maintenance departments, health and safety services, central printing and mailing, and central data processing operations

Special Items 6,582,291 2,819,214 (3,763,077) Expenses for insurance premiums, school association dues, refunds on real property taxes and BOCES administrative charges

TOTAL $32,814,731 $28,783,746 ($4,030,985)

INSTRUCTION

Instruction Administration & Improvement $10,856,983 $11,252,806 $395,823 Expenses for curriculum development and supervision, regular school supervision and in-service instruction.

Teaching - Regular School 78,997,455 81,435,481 2,438,026 Salaries, equipment, supplies, textbooks, workbooks, BOCES services and contracted services to support the regular school program.

Special Apportionment Programs 27,181,726 28,509,972 1,328,246 Salaries, equipment, supplies textbooks, workbooks, BOCES services and tuition, private schools tuition & contracted services to support the services needed for students with disabilities and pupils with special needs; as well as occupational education & special schools.

Instructional Media 6,072,066 7,095,723 1,023,657 Salaries, equipment supplies, contracted services and library books to support all district libraries and audio-visual programs. Includes funding for the districtwide computer program and BOCES television series.

Pupil Personnel 10,882,936 11,584,916 701,980 Expenses for the operation of the district’s attendance, guidance, health, psychological and social work programs.

Interscholastic Athletics 1,379,020 1,037,820 (341,200) Salaries, equipment, supplies, BOCES scheduling services and other contracted services for the districtwide interscholastic athletics program and co-curricular activities.

TOTAL $135,370,186 $140,916,718 $5,546,532

TRANSPORTATION

Transportation $12,588,605 $13,205,612 $617,007 All costs for mandatory transportation of pupils to public and private schools, as well as mandatory transportation for students with special needs.

TOTAL $12,588,605 $13,205,612 $617,007

CENSUS ENUMERATION

Census $2,469 $2,469 0 Maintenance of student census information as required by law.

TOTAL $2,469 $2,469 0

UNDISTRIBUTED

Employee Benefits $55,606,289 $55,720,020 $113,731 Expenses for employee retirement plans, Social Security, life insurance, unemployment insurance and health and welfare fund.

Debt Service 9,342,775 9,844,486 501,711 Expenses for principal and interest payments on bond anticipation notes and tax anticipation notes.

Interfund Transfers 4,396,418 5,212,585 816,167 Transfers to the Federal fund for the district’s share of summer special education placements, capital fund and the risk retention fund.

TOTAL 69,345,482 70,777,091 1,431,609

GRAND TOTAL $250,121,473 $253,685,636 $3,564,163

City School District of New Rochelle515 North AvenueNew Rochelle, NY 10801-3416

BOARD OF EDUCATION:Lianne Merchant, President Rachel Relkin, Vice President Maddali Atallah Naomi Brickel Pamela M. Davis, Ed.D. Salvador A. Fernandez, Ed.D. Jeffrey HastieDavid LacherChrisanne M. Petrone ADMINISTRATION:Brian G. Osborne, Ed.D.,Superintendent of SchoolsDiane Massimo, Ph.D., Associate SuperintendentJeffrey T. White, CPA, Assistant SuperintendentJoseph H. Williams, Ed.D., Assistant Superintendent Carol Amorello, District Treasurer Lisdalia Saraiva, District Clerk

Non-Profit Org.U.S. Postage

PAIDWhite Plains, N.Y.Permit No. 1334

CITY SCHOOL DISTRICT OF NEW ROCHELLE BUDGET NOTICESCHOOL BOARD ELECTION, BOND VOTE AND BUDGET VOTE MAY 17, 2016

Overall Budget Proposal Budget Adopted for the 2015-16 School Year

Budget Proposed for the

2016-17 School Year

Contingency Budget for the 2016-17 School Year *

Total Budgeted Amount, Not Including Separate Propositions $250,121,473 $253,685,636 $251,109,030

Increase/Decrease for the 2016-17 School Year $ 3,564,163 $987,557

Percentage Increase/Decrease in Proposed Budget 1.42 % 0.39%

Change in the Consumer Price Index 0.12 %

A.Proposed Levy to Support the Total Budgeted Amount, Net of Reserve $198,236,995 $200,442,810

B.Levy to Support Library Debt, if Applicable $0 $0

C.Levy for Non-Excludable Propositions, if Applicable ** $0 $0

D.Total Tax Cap Reserve Amount Used to Reduce Current Year Levy $0 $0

E.Total Proposed School Year Tax Levy (A + B + C - D) $198,236,995 $200,442,810 197,866,204

F.Total Permissible Exclusions $5,542,079 $7,375,041

G.School Tax Levy Limit, Excluding Levy for Permissible Exclusions $192,594,916 $193,067,769

H.Total Proposed School Year Tax Levy, Excluding Levy to Support Library Debt and/or Permissible Exclusions (E – B – F + D)

$0 $0

I. Difference: G – H (Negative Value Requires 60.0% Voter Approval – See Note Below Regarding Separate Propositions) **

$0 $0

Administrative Component $24,448,236 $24,353,671 $24,343,1711

Program Component $184,965,795 $190,640,323 $190,521,8022

Capital Component $40,707,442 $38,691,642 $36,244,057 3

*Assumptions made in projecting a contingency budget for 2016-17, should the proposed budget be defeated, include the elimination of expenses for equipment and capital transfers, to result in a 0 percent tax increase, pursuant to Section 2023 of the Education Law.

1 2016-17 Proposed less Equipment ($ 10,500)2 2016-17 Proposed less Equipment ($118,521)3 2016-17 Proposed less Equipment ($165,000) and Interfund Transfer to Capital ($2,282,585)** List Separate Propositions that are not included in the Total Budgeted Amount: (Tax Levy associated with educational or transportation services propositions are not eligible for exclusion and may affect voter approval requirements)

Under the Budget Proposed for the 2016-17 School Year

Estimated Basic STAR Exemption Savings1 $1,727

Description Amount

Bond Proposition #1 – Capital Improvement Program $106,479,575

The annual budget vote for the fiscal year 2016-2017 by the qualified voters of the City School District of New Rochelle, Westchester County, New York, will be held at various locations in said district on Tuesday, May 17, 2016 between the hours of 7:00am and 9:00pm, prevailing time in the various locations, at which time the polls will be opened to vote by voting ballot or machine.

1The basic school tax relief (STAR) exemption is authorized by section 425 of the Real Property Tax Law.

budget & bond may 2016

Documents