Newark CSDBudget Presentation

April 8, 20152015-16 Budget

Discussion

Agenda:• Local Revenue• State Aid Projections• Possible Additions• 2015-2016 Budget• What is next?• Questions

Local Revenue• Pilot’s $ 50,000 Transportation $ 1,500• Penalties $ 25,000 BOCES Transp. $ 30,000• Sales Tax $800,000 Other Services $ 2,000 • Tuition $ 12,000 Interest $ 20,000• Continuing Ed. $ 5,000 Rental $419,000• Other Fees $ 7,000 Insurance $ 15,000• Admissions $ 18,000 BOCES Refund $ 25,000• Consortium $ 15,000 Other Misc. $ 50,000• Health Services $ 6,500 $1,501,000

Local Revenue• Tax Levy: - 2% increase from 2014-15 tax levy is $12,429,805 - Increase of $243,722

- Maximum Tax Cap is $12,541,496- 2.92% Increase

State Aid Projections 2014-15 2015-16

Foundation* $18,424,954 $18,663,478

BOCES & Special Services $2,510,365 $1,792,393

High Cost, Excess Cost $1,185,982 $1,282,635

Private Excess Cost $26,759 $70,013

Hardware & Technology $42,347 $42,013

Software, Library, Textbook $171,624 $169,578

Transportation $1,746,064 $1,871,790

Building $6,021,791 $6,085,450

Gap Elimination Adjustment -($557,805) -($56,507)

Totals $29,572,081 $29,920,843

Possible Additions• Curriculum & Instruction

o Instructional Coaches (2) / Special Education needso 2.0 FTE TAso Psych Intern

• Support Serviceso Technology Supporto District Office Clerical

• Administrationo Director of Athletics, Health, Physical Educationo Assistant Principal at Elementary level

2015-2016 Budget• Local Revenue: $ 1,501,000• State and Federal Revenue: $ 30,070,843• Estimated 2% Tax Levy: $ 12,429,805

$ 44,001,648

Expenses: $ 46,394,944

Reserves:July 1, 2014 July 1, 2015**

Workers Comp: $ 406,028 $Unemployment: $ 781,903 $Retirement: $5,298,932 $Liability: $1,086,261 $Employee Benefit: $ 189,270 $

Total: $7,762,394

Anticipated use of $300,000 of reserve for 2014-15

What is next?• Refining Program And Staffing• Budget Reductions • Use of Fund Balance/Reserve• Tax Levy

Questions