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2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007 Budget Vote May 15, 2007 7:00 a.m. – 9:00 p.m. School Library.

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Presentation on theme: "2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007 Budget Vote May 15, 2007 7:00 a.m. – 9:00 p.m. School Library."— Presentation transcript:

1 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007 Budget Vote May 15, :00 a.m. – 9:00 p.m. School Library

2 SCHOOL BUDGET Significant Budgetary Considerations 1. Impact Of Tax Certiorari Claims/Settlements 2. Changes In Assessed Valuation 3. Transportation 1. Purchase Of Replacement Buses 4. Incarcerated Youth 1. Increase In Allocation/Increase In Resulting State Aid

3 SCHOOL BUDGET Significant Budgetary Considerations 5. Health Insurance Increases 6. Salary Increases 7. Retirement Cost Increases 8. Workers Compensation/Liability Insurance Cost Increases 9. High School Tuition Increases

4 March 6, Draft # 1 Budget $22,284,194  The Initial Draft Budget Provides for: Budget to Budget Increase of 9.28% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh18.72% Mt. Pleasant18.20%  Without Assessment Changes: Greenburgh7.50% Mt. Pleasant7.03%

5 March 12 Draft # 2 Budget $21,830,565  Draft # 2 Budget dated Provides for: Budget to Budget Increase of 7.05% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh16.34% Mt. Pleasant15.83%  Without Assessment Changes: Greenburgh5.35% Mt. Pleasant4.88%

6 March 14 Draft # 3 Budget $22,041,265  Draft # 3 Budget Dated Provides for: Budget to Budget Increase of8.09% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh17.09% Mt. Pleasant16.57%  Without Assessment Changes: Greenburgh6.02% Mt. Pleasant5.55%

7 March 26, Draft # 4 Budget $21,724,610  The Draft 4 Budget Provides for: Budget to Budget Increase of 6.53% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh15.02% Mt. Pleasant14.51%  Without Assessment Changes: Greenburgh4.09% Mt. Pleasant3.63%

8 Adopted Budget April 10, $21,604,610  The Adopted Budget Provides for: Budget to Budget Increase of 5.95% Projected Tax Rate Increase:  With Assessment Changes: Greenburgh14.21% Mt. Pleasant13.71%  Without Assessment Changes: Greenburgh3.36% Mt. Pleasant2.90%

9 Adopted Budget $21,604,610 Budgeted Revenue

10 Adopted Budget Highlights of The Budget  Technology (IPA) $ 449,237  Tractor Replacements $ 43,270  Replacement of 2 large buses $ 50,000 (Interest & Principal)  Interscholastic Program $ 45,398  Summer Camp $ 260,688  Swim Program $161,754  After School Program $ 52,948

11 Summary of Budgetary Increases/ (Decreases) Adopted Budget  Salaries$ 248,424  Tuition$ 677,658  Benefits$ 186,536 Equipment$ ( 1,014) Contractual$ 7,534 Supplies$ ( 29,461)  Textbooks$ (43,313)  BOCES$ 129,932 Incarcerated Youth$ 437,425  Debt Service$ 48,866  Capital Projects$ (450,000)  Total$ 1,212,587

12 Impact of Change In Assessment

13 Percentage Change in Tax Levy Westchester County School Districts as of % % % % % % % % % % % % % % % % % % % % Pocantico Hills % % Average 6.08%

14 Tax Rate Comparison Tax Rates School True ValueTaxes on DistrictTax Rate$500,000Index $9, $7, $7, $6, $5, $4, Pocantico 7.10$3,

15 Adopted Budget Increase  Total Budget to Budget Increase 5.95% Mandated, Or Mandated By Community Expectations 5.31% Increase In Non Mandated Costs.64% Total 5.95%

16 Adopted Budget $21,604,610  Total Budget $21,604,610 Mandated, Or Mandated By Community Expectations $21,364, % NonMandated Costs $ 240, % Total $21,604, %

17 Mandated and/or Mandated by Community Expectations Board of Education ($6,150) District Clerk ($3,000) District Meeting $ 3,800 Central Administration $19,379 Auditing ($ 875) Treasurer ( $ 967) Legal $15,213

18 Mandated, and/or Mandated by Community Expectations Public Information Services ($ 7,550) Maintenance & Operations $101,446 Postage $ 2,463 Liability Insurance $ 4,487 Student Accident Insurance School Association Dues $ 1,137

19 Mandated, and/or Mandated by Community Expectations Assessment on School Property($ 14,251) Refund of Real Property Tax $ 7,299 BOCES Administrative Costs $ 3,751 Instruction & Supervision $509,775 Foreign Language Pre Kindergarten Kindergarten Art – Required for Middle School only Music – Required for Middle School only

20 Mandated, and/or Mandated by Community Expectations Programs for Students With Disabilities $651,372 Academic Intervention Services $ 17,930 Library Services ($19,996) Library Book Replacement State Aided Computer Assisted Instr. $150,731 3 rd Year IPA Pupil Personal Services Program ($4,662) Interscholastic Athletics ($4,067)

21 Mandated, and/or Mandated by Community Expectations Transportation $16,071 Bus Monitors Community Service ($ 4,938) Community Recreation (Pool) Summer Camp After School Program Employee Benefits $186,536 Debt Service $ 48,866 INTERFUND Transfers ($450,000) Lunch Fund Total Budget Increase $1,212, %

22 Budgetary Items Not Mandated Clerical Overtime$ 7,500 Custodial Overtime$ 41,000 Custodial Equipment$ 46,470 Instructional Supervision $ 13,400 In-Service Training $ 58,598

23 Assessed Valuation History Mt. PleasantGreenburgh ,715,48441,933, ,631,07341,723, ,248,57240,879, ,870,15640,827, est.15,274,06534,961, /07-08 Change (596,091) (5,865,813) Tax Rate Impact: 10.81% 10.85%

24 Assessed Valuation Mt. Pleasant After Tax Certiorari Claim Settlements Decrease of $596,091

25 Assessed Valuation – Greenburgh After Tax Certiorari Claim Settlements Decrease of $5,825,813

26 Adopted Budget Budget Deletions From Initial Draft  A1010-BOARD OF EDUCATIONPage CONTRACTUAL EXPENSES $ 7, Supplies & Materials $ 2,000 $9,355  A1040-District ClerkPage Contractual Expenses $ 8,000 $8,000  A1240 – SUPERINTENDENTPage Equipment$ 3, Contractual Expenses $ 1, Supplies & Materials $ 1,900 $6,100

27 Adopted Budget Budget Deletions From Initial Draft  A1310-Business AdministrationPage Non Instructional Salaries $ 7, Materials & Supplies $ 1,500 $11, BOCES Service $ 2,500$11,500  A 1325-TreasurerPage Non-Instructional Salary $ 5,000 $ 5,000  A1380-Fiscal Agent $ 650$ 650

28 Adopted Budget Budget Deletions From Initial Draft  A1480-Public Information ServicesPage Contractual Expenses$ Materials & Supplies$ 2,500$ 3,000  A1620- CENTRAL SERVICESPage Contractual Expenses$ 53, Materials & Supplies$ 4,000$57,750  A1621- MaintenancePage Non Instructional Salaries$ 1,000$ 1,000

29 Adopted Budget Budget Deletions From Initial Draft  A2020-INSTRUCTIONAL SUPERVISIONPage Non Instructional Salaries$ 2, Contractual$ 2,000$ 4,500  A2110 – TEACHING REGULAR SCHOOL Page Teacher Salary 1-5$ 268, Non Instructional Salaries$ 19, Equipment$ 25, Contractual$ 33, Materials & Supplies$ 57, Textbooks$ 50,210$ 455,165

30 Adopted Budget Budget Deletions From Initial Draft  A2250- STUDENTS WITH DISABILITES Page Instructional Salaries$ 5, Teacher Aide$ 19, Equipment$ 1, Contractual Expenses$ 4, Materials & Supplies$ 1,000$30,440  A2610-SCHOOL LIBRARY & AV Page Contractual Expenses$ 1, Materials & Supplies$ 16,125 $17,305

31 Adopted Budget Budget Deletions From Initial Draft  A2630-Computer Assisted InstructionPage Equipment$10, Contractual$ 5, BOCES SERVICES$12,506 $22,506  A2800 – Pupil Personal ServicesPage Instructional Salaries$10, Non Instructional Salaries$ 2, Equipment$ Contractual$ 1, Materials & Supplies$ 4,000 $18,325

32 Adopted Budget Budget Deletions From Initial Draft  A2855-INTERSCHOLASTIC ATHLETICSPage Non Instructional Salaries$ 5, Materials & Supplies$ 1,000 $ 6,000  A8070-CENSUSPage Contractual$ 15, Software$ 2, BOCES Services$ 5,940 $22,988  TOTAL$679, Initial Draft $22,284, Adopted Budget$21,604,610 Difference$ 679,584

33 Tax Rate Impact Adopted Budget Greenburgh Assessed Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 3, ,000 7,625 1,659 1, ,000 15,250 3,317 3, ,000 22,875 4,976 5, ,000,000 30,500 6,635 7, Note: Assumes same assessed value in and

34 Tax Rate Impact Adopted Budget Mt. Pleasant Assessed Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 1, ,000 3,500 1,666 1, ,000 7,000 3,332 3, ,000 10,500 4,998 5, ,000,000 14,000 6,664 7, Note: Assumes same assessed value in and

35 Contingency Budgets Single revote: Upon the defeat of the original proposed school budget, a district may resubmit the original budget, submit a revised budget, or adopt a contingency budget. If the voters fail to approve the budget upon the second vote, the district must adopt a contingency budget. Expanded definition: Interscholastic athletics, field trips, other extracurricular activities, and related transportation expenses are contingent expenses.

36 Contingency Budgets Administrative cap: The administrative component of a contingency budget will be limited to the lesser of: 1) the percentage of the administrative component in the prior year’s budget or 2) the percentage of the administrative component in the last defeated proposed budget. Cap on total spending: Total spending under a contingency budget may not increase by more than 120 % of national CPI or 4.00%, whichever is lower. For the cap is 3.84 %.

37 Contingency Budget  How the contingency/austerity budget cap is calculated:  Adopted Budget$19,916,971  Less Debt Service$( 489,309)  Adjusted Base Year Budget$19,427,662

38 Contingency Budget  How the maximum contingency/austerity budget cap is calculated:  Adjusted Base Year Budget$19,427,662  Adjusted Budget x 120% of CPI3.84% $20,173,684  Debt Service $ 538,175  Growth Related Expenditures$ 726,925  Maximum Contingency Budget$21,438,784  Required Budgetary Cuts$ 165,826

39 Possible Areas of Expense Reduction All Budgetary Items will Be Considered Items listed below are not in Priority Order  Non Mandated Academic Programs  Student Supplies  Community Use of Buildings and Grounds  Certain Equipment  Software  Staff  Technology  Overtime  Field Trips  Summer Camp/Swim Program

40 Tax Rate Table BUDGET AMOUNT IMPACT ON TAX RATE $ 100,000.68% $ 150, % $ 250, % $ 500, % $ 750, % $ 1,000, %

41 BUDGETARY OVERVIEW OF BUDGET DEVELOPMENT


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