1. Chenango Forks Central School District 2016-2017 Budget Hearing May 5, 2015

2. Budget Development Process Submission of Program Budgets Based on Need Review of Staffing Levels to Best Meet Student Needs Review of State Aid and Revenue Sources Available to Support the Budget BOE Discussion and Adoption of the Budget

3. What’s New In The Budget? Positions Added (3)  Math  Elementary  Art $100,000 Mini Project  New lighting in MS/HS Gyms –Aided at 86.4% for a net cost of $13,600

4. Proposed 2016-2017 Expenditure Budget 2015-2016 Budget2016-2017 BudgetIncrease Salaries & Benefits$19,705,088$20,054,947$349,859 Debt Service$3,120,662$3,661,481$540,819 BOCES Services$4,476,068$5,087,931$611,863 Contract Transportation$1,405,000$1,420,278$15,278 Utilities & Fuel$866,281$751,400($114,881) Other Expenses$2,681,801$2,815,832$134,031 TOTAL$32,254,900$33,791,869$1,536,969

5. Proposed 2016-2017 3-Part Expenditure Budget 2015-2016 Budget2016-2017 BudgetIncrease Administrative$3,553,137$3,630,239$77,102 Program$22,901,448$23,994,436$1,092,988 Capital$5,800,315$6,167,194$366,879 TOTAL$32,254,900$33,791,869$1,536,969

6. Administrative Component 2015-2016 Budget2016-2017 BudgetIncrease BOE$19,081$26,147$7,066 Central Administration$184,186$194,903$10,717 Finance$473,401$508,325$34,924 Staff$257,402$237,570($19,832) Central Services$187,175$189,589$2,414 Special Items$329,970$333,407$3,437 Curriculum & Supervision$1,068,296$1,060,961($7,335) Employee Benefits$1,033,626$1,079,337$45,711 TOTAL$3,553,137$3,630,239$77,102

7. Program Component 2015-2016 Budget2016-2017 BudgetIncrease Teaching Regular$7,042,386$7,288,605$246,219 Teaching Special$4,077,034$4,663,741$586,707 Summer School$5,549$4,070($1,479) Pupil Personnel$2,738,193$2,861,344$123,151 Transportation$2,013,521$2,132,115$118,594 Census$1,000 $0 Employee Benefits$6,981,265$7,001,061$19,796 Inter-Fund Transfers$42,500 0 TOTAL$22,901,448$23,994,436$1,092,988

8. Capital Component 2015-2016 Budget2016-2017 BudgetIncrease O&P Maintenance$2,008,614$1,877,955($130,659) Refund of Taxes$1,000 $0 Employee Benefits$570,039$526,758($43,281) Debt Service$3,120,662$3,661,481$540,819 Other Transfers$100,000 $0 TOTAL$5,800,315$6,167,194$366,879

9. 2016-2017 Proposed Revenue Budget 2015-2016 Budget2016-2017 BudgetIncrease Tax Levy$11,308,948$11,533,996$225,048 State Aid$17,867,883$18,826,591$958,708 Other Revenue$1,563,069$1,758,652$195,583 Reserves$0$257,630 Fund Balance$1,515,000$1,415,000($100,000) TOTAL$32,254,900$33,791,869$1,536,969

10. 2016-2017 Anticipated State Aid State Aid is increasing $958,708 The Gap Elimination Adjustment (GEA--take back of state aid), was eliminated

11. 2016-2017 Proposed Tax Levy Tax Levy Increase = 1.99% Or $255,048

12. 2016-2017 Proposed Tax Levy Tax Levy Increase = 1.99% Tax Levy Limit = 3.67% The District’s Proposed Tax Levy is $190,432 less than the Tax Levy Limit

13. Projected Tax Increase $100,000 Home at Full Value (before STAR) $45.00 per year $3.75 per month This figure is based on current equalization rates and assessed values. This will change by the time the actual tax bills are computed.

14. Budget Highlights 2015-2016 Budget 2016-2017 Budget Increase % Increase Total Expenditures $32,254,900$33,791,869$1,536,9694.77% Tax Levy$11,308,948$11,533,996$225,0481.99%

15. Contingency Budget Under Contingency the District’s budget would be reduced for:  All non-computer hardware equipment  The small $100,000 capital project  $11,000 of Administrative Costs Contingent Budget$33,463,469 Contingent Tax Levy$11,205,596

16. Budget Vote May 17, 2016 Noon – 9:00 p.m. High School Auditorium