PROPOSED BUDGET

2015-16

Major Changes in Proposed Budget• Brought back 1:8:1 Program from BOCES• Eliminated BOCES Adaptive Phys. Ed• Eliminated BOCES .5 Speech Services• Eliminated Wireless Home Access for Students• Eliminated Senior BOCES Tech. Erie#1• Decreased Textbook Budget• Added Health Insurance for Teacher Aides• Increased Public Information & Data Coordinator Budget• Increased Maintenance Budget • Increased Debt Services due to the Bonding of BANS• Increased the Community Services Budget• Added the purchase of (1) Bus

Major Changes (cont.)• Reduced number of BOCES Alt Ed Placement• Increase in State Basic Aid• Increase in State Building Aid due to EXCEL Project• Decrease in refund of Prior Yrs. Expenditures• Decrease in ERATE funding• ERS employer rates declined by 1.9%• TRS employer rates declined by 4.27%• Workmen’s Compensation rate declined by 23.01% due to

good financial standing of the Erie#2 Workers Compensation Consortium

Highlights of Proposed Budget-Expenditures-

• Salaries• BOCES Services• Employees Retirement• Teachers Retirement• Workmens Comp• Health Ins.• Public Information• Maintenance Services• Debt Service

• Down 1.81%• Down 10.18%• Down 17.24%• Down 17.77%• Down 23.01%• Up 13.88%• Up 100%• Up 7.28%• Up 28.42%

Revenue Highlights

• State Aid- Basic• Community Program• Rental BOCES Classrooms

• Refund of Prior Yrs Expenditures

• Erate

• Building Aid

• Up 1.7%• Up 76.83%• Down 60.69%

• Down 47.74%

• Down 57.14%

• Up 6.56%

State Aid

• Foundation Aid

• Gap Elimination Adjustment

• Total Gen Aid Increase

• Up $74,556

• Restored $98,225• ( all but $2,005)

• $172,781

Categorical Aid- Based on Prior Yrs. Exp.

• Private Excess Cost Aid

• Universal Pre-K

• These aids are accounted for in the Special Aid Fund

• Are not considered part of the General Fund Budget

• Up $278,700 –tuition for St. Mary’s

• Up $288- ( if filled)

Other Categorical Aids-

• BOCES Aid• Transportation Aid• Hardware & Technology Aid

• Software, Library, Textbook

• Building Aid

• Because these are based on expenditures do not expect to see and increase in these aids.

• Should see at least an increase of $670,080

Overall

• Budget up 1.85% or• $306,032 ($120,000 is new bus)

• Total Revenues with Building Aid on EXCEL Project ..up 8.25% or $842,861

• Use of Reserves – down 53.30% or $98,918

• Use of Appropriated Fund Balance to offset property taxes –

• Down $227,455 or -49.45%

PROPOSED TAX LEVY-

2014-15 $4,552,172

2015-16 $4,495,650

Down $ - 56,522 or -1.24%

Estimated Tax Rate per $1,000 of Assessed Value

If Equalization Rates remains the sameIf Assessed Value remains the same

Portland: 3795879.15 Percent increase87401142 = 43.430544 ( $0.5460) Increase per $1,000 -1.24% Last years

43.976579Pomfret: 666522.82

5441408 = 122.490874 ( $1.5400) Increase per $1,000 -1.24% Pomfret124.030902

Stockton: 33248.031343054 = 24.755542 ( $0.3112) Increase per $1,000 -1.24% Stockton

25.066781

True Value Rate- $24.75/$1,000 full value

• Rates over the last 24 years

2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15

Years

($2)

($1)

$0

$1

$2

$3

$4

$5

$6

$7

$8

Mil

lio

ns

Doll

ars

Foundation Aid

Gap Elimination Adj

Decrease in State Aid

State Aid

Loss in State Aid :Foundation Aid Gap Elimination Adj State Aid

2008-09 $6,510,151 $0 $6,510,1512009-10 $6,510,151 $0 $6,510,1512010-11 $6,510,151 ($461,135) $6,049,0162011-12 $6,510,151 ($781,512) $5,728,6392012-13 $6,549,211 ($586,134) $5,963,0772013-14 $6,568,858 ($334,097) $6,234,7612014-15 $6,648,449 ($100,230) $6,548,2192015-16 $6,723,005 ($2,005) $6,721,000

($2,265,113)

3 Part Proposed Budget 2015-16EXPENDITURES

Adopted Proposed Contingency

Administrative 2014-15 2015-16 % Change 2015-16

Board of Education $35,528 $35,154 -1.05% Central Administration $246,787 $258,867 4.90% Finance $361,021 $366,569 1.54% Staff $46,366 $75,163 62.11% Administrative Central Services $178,033 $80,567 -54.75% Special Administrative Items $81,730 $87,115 6.59% Administration and Improvement $414,740 $412,870 -0.45% Administrative Transportation Services $18,473 $19,397 5.00%

TOTAL ADMINISTRATIVE BUDGET $1,382,677 $1,335,702 -3.40%

Program Adopted Proposed2014-15 2015-16 % Change

Inservice Training $22,507 $25,552 13.53% Teaching $9,219,093 $8,611,032 -6.60% Instructional Media $620,242 $559,352 -9.82% Pupil Personnel Services $779,472 $808,001 3.66% Pupil Transportation $802,474 $839,725 4.64% Community Services $11,421 $43,653 282.23% Interfund Transfers $9,572 $59,178 518.24%

TOTAL PROGRAM BUDGET $11,464,781 $10,946,493 -4.52%

Adopted Proposed

Capital 2014-15 2015-16 % Change Operations $1,109,168 $1,190,770 7.36% Maintenance $80,805 $80,805 0.00% Special Items $30,978 $32,731 5.66% District Transportation Services $41,176 $134,176 225.86% Debt Service $2,444,837 $3,139,778 28.42%

TOTAL CAPITAL BUDGET $3,706,964 $4,578,260 23.50%

TOTAL APPROPRIATIONS 16,554,423 16,860,455 1.8486%

306,032

Expenditures as a Percentage of the Budget

7.9%

64.9%

27.2%

AdministrativeProgramCapital

Budget 2015-16 Expenditures

Estimated Revenues

65.6%4.8%

0.5%

26.7%

1.0% 1.4%

State Aid

BOCES Aid

Reserves

Property Taxes

Miscellaneous

Surplus Approp.

Estimated Revenues 2015-16

Overall Health of the District• Completed $16,000,000 Capital Project under budget and took

advantage of the free EXCEL funds the state had designated for the district.

• Maximized our Building Aid• Greatly improved the infrastructure of the school• Provided more services to the Community through the use of the

Fitness Center and Pool• Decreased reliance on Fund Balance to offset property taxes• Able to bring back most sports, activities, and programs that were

previously removed from the budget• Were able to keep the property tax rate relatively stable over the past

4 years despite cuts in State Education Aid.

•Questions?