january 25, 2012 budget presentation
DESCRIPTION
Presentation to Board of Education January 25, 2012.TRANSCRIPT
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2012-13 BUDGET
THE CURRENT OUTLOOK & OPTIONS
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2012-13 BUDGET
� Current 2011-12 Budget = $ 20,380,584
� Rollover 2012-13 Budget = $ 21,156,950
$ Increase = $ 776,366
% Increase = + 3.81%
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2012-13 BUDGET Revenue Comparison
($73,900)$20,306,700 $20,380,600 Total Revenue
0.0%$0 $150,000 $150,000 Fund Balance
2.0%$184,700 $9,416,700 $9,232,000 Property Taxes
-3.3%($10,100)$300,000 $310,100 Other
0.0%$0 $400,000 $400,000 Sales Tax
5.8%$50,000 $910,000 $860,000 Use of Reserves
-100.0%($478,000)$0 $478,000 Federal Aid
2.0%$179,500 $9,130,000 $8,950,500 State Aid
% Diff$ Diff2012-132011-12
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2012-13 BUDGET
Change in Expenditures
(Increase) $ 766,366
Change in Revenue
(Decrease) ($73,900)
Projected Shortfall $ 909,900
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2012-13 BUDGET
� Expenditure Assumptions
+ 2%BOCES
- 10%Materials & Supplies, software, texbooks, etc
- 5%Contractual items
- 10%Equipment budget
+ 2.8% Staff Salaries
+ 2% Professional Salaries
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2012-13 BUDGET The Major Cost Drivers
� Health Ins up 17% = $ 404,000
� Retirements Costs– ERS up 20% = $ 66,700
– TRS up 13.25% = $ 121,800
� Total Hlth & Retrmnt Incr = $ 595,500
� Projected Salary Incr = $ 223,000
� Total Major Cost Drivers = $ 818,500
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2012-13 BUDGET - Limited Revenue Growth
Est Property Tax Cap Limit = +(-) $ 185,000
Est State Aid Increase = +(-) $ 179,500
Total = $ 364,500
Less:
Loss of Federal Jobs Aid ($478,000)
Net Gain (Loss) ( $113,500)
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2012-13 BUDGET Summary of Major Factors of Shortfall
� Summary of Major Cost Incr = $ 818,500
� Net Major Revenue Change = ($ 113,500)
= SHORTFALL $932,000
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Sound, Basic Education for All
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Sound, Basic Education for All
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NYS Education System is Highly Ranked
NYS is ranked 3rd overall at 83.9
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2012-13 BUDGET
Ways to Balance� Lobby for Additional State Aid-Feb. 3rd and 11th� Additional Supply Cuts� Additional Equipment Cuts� WFA Concessions� Personnel Cuts� Non-mandated Programs� Bringing back special education students from
outside placements