Newark CSD Budget Presentation April 8, Budget Discussion

Agenda: Local Revenue State Aid Projections Possible Additions Budget What is next? Questions

Local Revenue Pilot’s $ 50,000 Transportation $ 1,500 Penalties$ 25,000 BOCES Transp. $ 30,000 Sales Tax$800,000 Other Services $ 2,000 Tuition$ 12,000 Interest $ 20,000 Continuing Ed.$ 5,000 Rental $419,000 Other Fees$ 7,000 Insurance $ 15,000 Admissions$ 18,000 BOCES Refund $ 25,000 Consortium$ 15,000 Other Misc. $ 50,000 Health Services$ 6,500$1,501,000

Local Revenue Tax Levy: - 2% increase from tax levy is $12,429,805 - Increase of $243,722 - Maximum Tax Cap is $12,541, % Increase

State Aid Projections Foundation*$18,424,954$18,663,478 BOCES & Special Services$2,510,365$1,792,393 High Cost, Excess Cost$1,185,982$1,282,635 Private Excess Cost$26,759$70,013 Hardware & Technology$42,347$42,013 Software, Library, Textbook$171,624$169,578 Transportation$1,746,064$1,871,790 Building$6,021,791$6,085,450 Gap Elimination Adjustment-($557,805)-($56,507) Totals $29,572,081$29,920,843

Possible Additions Curriculum & Instruction o Instructional Coaches (2) / Special Education needs o 2.0 FTE TAs o Psych Intern Support Services o Technology Support o District Office Clerical Administration o Director of Athletics, Health, Physical Education o Assistant Principal at Elementary level

Budget Local Revenue: $ 1,501,000 State and Federal Revenue:$ 30,070,843 Estimated 2% Tax Levy:$ 12,429,805 $ 44,001,648 Expenses : $ 46,394,944

Reserves: July 1, 2014July 1, 2015** Workers Comp:$ 406,028$ Unemployment:$ 781,903$ Retirement:$5,298,932$ Liability:$1,086,261$ Employee Benefit:$ 189,270$ Total:$7,762,394 Anticipated use of $300,000 of reserve for

What is next? Refining Program And Staffing Budget Reductions Use of Fund Balance/Reserve Tax Levy

Questions