1. MAY 20 TH, 20131 WUFS Budget 2013-14

2. Overall Budget 2012-132013-14Change Total Spending $4,090,343$4,253, 899+$163,556 State Aid$1,381,853$1,540,333$158,540 Estimated Tax Levy $2,115,647$2,157,960$42,313

3. WUFS is financially solid The budget year 2013-14 there will: No lay-offs Maintain free breakfast and lunch for all students Johnstown tuition will remain at $1950 per student thru 2016

4. Three Main components Administrative: Program Component Capital Component

5. Three Components

6. Increases Health Insurance (+6%) ERS (+10.6%)/TRS (+37.25%) Technology (Infrastructure, computers, programs) Common Core Implementation APPR ( STAR, pre-assessments)

7. ERS/TRS= Major cost driver Employee Retirement System (ERS): The contribution rate is increasing from 18.9% to 20.9%, which is actually a rate increase of 10.6% ( Questar III BOCES) Teacher Retirement System (TRS): The contribution rate is increasing from 11.84% of total salaries to 16.25% next year, which is actually a rate increase of 37.25%(Questar III BOCES)

8. Increases

9. Allocated fund balance for tax relief 2011-122012-132013-14 $450,000$500,000$500,00

10. High Tax Aid In January the estimated amount of High Tax Aid was $75, 000, which would have been a reduction of $67,853. The final passage of the budget restored this aid to $142, 853, which is what we were at last year. High Tax Aid is essentially how the state calculates whether or not the property tax base is too high of a percentage of the overall budget (the tax levy) based on the relative wealth of the community. The property values are so high relative to wealth because of the lake property. High Tax Aid (definition)- provided to districts where the property tax burden is high relative to income

11. High Tax Aid The final 2013-14 final budget rejected the Executive Budget Proposal related to high tax aid and restores funding to this initiative. January 22:  High Tax Aid= $75,090  Gap Elimination Adjustment (GEA)= $5,415 March 22  High Tax Aid= $ 142,853  GEA= $99,167

12. High Tax Aid/GEA

13. Other Items Calendar Testing http://engageny.org/parent-and-family- resourceshttp://engageny.org/parent-and-family- resources Testing E:\testingletterparentssample.docE:\testingletterparentssample.doc BOCES Meeting April 24 th School Aid Specialists Breakfast May 3 rd