Newark CSDCommunity Budget

ForumMarch 25, 2015

2015-16 Budget Discussion

Agenda:• Revenue• Governor’s Proposal• Possible Additions• Expense• 2015-2016 Budget• What is next?• State Aid • Questions

Revenue• Local Revenue: Not the Tax Levy

- Made up of Pilot’s, Wayne County Sales Tax, Tuition, Interest, BOCES Rental, Admissions, Continuing Education and others.

- $1,501,000

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

Revenue• State and Federal Revenue:

- Governor Cuomo wants no increase unless his requests are met.

- $28,890,021 (May change after NYS budget approval)- Building Aid rate to change from 4.5% to 2.25%.- Still many unanswered questions.

Governor’s Proposal 2014-15 2015-16

Foundation* $18,182,293 $18,182,293

BOCES & Special Services $1,921,916 $1,921,916

High Cost, Excess Cost $1,155,809 $1,155,809

Private Excess Cost $66,234 $66,234

Hardware & Technology $42,484 $42,484

Software, Library, Textbook $172,820 $172,820

Transportation $1,517,826 $1,517,826

Building $6,001,715 $6,001,715

Medicaid Reimbursement $150,000 $150,000

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

Totals $28,890,021 $28,890,021

Additions to Program• Curriculum & Instruction

o Instructional Coaches (2)o 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

Expenses• Current Budget for 2015-16:

- $46,118,144*• Still being finalized as information comes in.

• Increases: - TRS Rate: 13.26%- ERS Rate 18.2%- Health Insurance: 8.87%

Total Budget Figures• 2014-15: $45.9 million

• 2015-16: $46.1 million

2015-2016 Budget• Local Revenue: $ 1,501,000• State and Federal Revenue: $ 28,890,021• Estimated 2% Tax Levy: $ 12,429,804

$ 42,820,825

Expenses: $ 46,118,144

2015-2016 Budget • Overall the budget is $46,118,144.

• Legislature still has to approve the NYS Budget

What is next?• State Aid Budget Finalization• Refining Program And Staffing• Use of Fund Balance/Reserve• Determine Tax Cap• Tax Levy• Budget Reductions if needed

Questions