1. DRAFT 2012-13 April BUDGET HIGHLIGHTS Revenues $23,478,584.57 Expenses $23,478,584.57 Shortfall $ 0 Revenue issues: State Aid is $11,165,780 or $278,181 more than last yr. This is still $1.965 million less than we received in 09-10. Tax Levy Limit is currently at 2.6% before exclusions this is a simple majority vote. BOE can increase or decrease Fund Balance is suggested at 650,000 from debt service BOE can determine more or less Expense issues: Suggested cuts equal approximately $650,000 Debt, Trans Fuel, BOCES and Benefits lines items have increased

2. 2012-13 Draft Revenue Budget – April 2012 CategoriesBudget 2012-132011-12 State Aid Local Levy Fund Balance Other Debt Service Capital Fund Appropriated Unemployment $10,883,000 $10,600,000 $700,000 $250,000 $500,000 Total $109,200 $373,400 $23,415,600 $10,888,750 $11,166,000 $500,000 $650,000 $23,478,600 $173,850 $100,000

3. 2012-13 Draft Expense Budget – April 2012 Categories Salaries 2012-132011 - 12 Benefits Capital Assets Materials/supplies Transportation Utilities BOCES Total Other Budget $ 9,991,775 $ 10,378,450 5,331,998 5,157,000 1,910,000 1,870,000 2,762,800 2,447,300 1,381,000 1,369,000 881,252 935,100 389,775 464,250 830,000 794,500 $ 23,478,600 $ 23,415,600

4. H.S. Guidance position not replaced

5. Est. 2010-112011-122012-132013-142014-152015-162016-17 Budget23.823.423.523.423.5 23.6 $ cut0.81.20.70.6.60.6.7 h/c cut/retire*8*14-4*8*757 Debt Ser Fund bal used1.41.71.31.90.7.5 levy9.910.610.911.111.311.511.8 st aid rec'd12.31111.111.2 other.20.10.20.1.1 tax incr2.57%6%2.6% Est. Tax rate24.2525.502626.52727.528 Five Year Budget Plan Draft 4-3-12 Equals 19 fte still to cut Equals $2.5 mil to cut.7.5.4.2 Equals $1.8 debt service fund Leaves.7 in Debt Serv..9.7

6. Breakdown to Balance Budget 2012-13 Note: all figures in millions except where labeled Reserve Balances as of 6/30/11 Est. 2016-17 Workers Comp $ 811,380.07 850,000 Unemployment 436,581.41 38,000 Encumbrances NA Retire. Contributions 458,649.44 400,000 Employee Benefit 367,033.95 350,000 Insurance 727,722.02 750,000 04 Cap Projects 1,286,655.230 07 Cap Projects 4,105,725.77 1,000,000* 11 Cap Projects 200,000.00 1,000,000 Debt Service 3,246,779.33 700,000 Historical Range Yr. End FB 10-11 11-12 12-13 13-14 14-15 15-16 16-17 FIVE YEAR PLAN BUDGET 23.8 23.4 23.5 23.4 23.5 23.5 23.6 Fd/Res Bal 1.4 1.7 1.2 1.9.7.5 Levy 9.9 10.6 10.9 11.1 11.3 11.5 11.8 St Aid 12.2 11 11.2 11.2 11.2 11.2 11.2 Other.1.2.1.1.1.1 Tax Inc. % 2.57 6 2.6 2 2 2 2 Tax/1000 24.25 25.5 26.2 26.5 27 27.5 28 DRAFT – 4-3-12 $ Cuts needed.8 1.2.8.5.5.7.8 * Assume a capital project for cash done beginning 2015 Unappropriated fund balance at 4% or $936,624.73*