1. Budget Update
April 10, 2017

2. 2017-18 Budget Update 2016-2017 2017-2018 Adopted Projected
Adopted Projected
Projected Expenditures $ 44,787, $ 45,118,781
Projected Revenues $ 44,787, $ 44,308,480
Gap $ $810,301
Phoenix Central Schools

3. State Budget Update
In the State Budget Phoenix will receive a $474,964 increase in Foundation Aid.
$185,593 increase in Foundation Aid over the Governor's Executive Budget.
New Gap  $677,487
Phoenix Central Schools

4. Recommended Revenues Property Taxes* $16,961,451
State Aid $27,114,630
Property Taxes* $16,961,451
Other Revenues $492,700
Use of Revenues** $550,000
Total $45,118,781
*Levy Increase of 0.76%, Phoenix is below the tax cap of 1.85%
**Decrease of $250,000 in current use of Reserves
Phoenix Central Schools

5. Recommended Expenditures
Salaries $20,681,473
Equipment $ ,442
Contractual $ 2,402,446
BOCES $ 5,227,847
Materials & Supplies $ 1,145,431
Debt Service $ 5,074,857
Employee Benefits $10,070,785
Interfund Transfers $ ,500
Total $45,118,781

6. Expenditures vs. Revenues
Gap $
*Represents a 0.74% increase in Budget
Phoenix Central Schools

7. Budget Timeline Must adopt a budget by April 17th
Next BOE Meeting April 25th
Public hearing on the Budget – May 8th
Budget Vote – May 16th at EJD Middle School
Phoenix Central Schools

8. Proposed Budget Propositions
2) Bus Replacement -> (3) 66 passenger buses, 1 wheelchair bus
3) Purchase of Property -> not to exceed 155K, Park behind JCB
4) Phoenix Public Library  increase in budget, $1,009 increase for a total of $72,409.
Phoenix Central Schools

9. Questions / Comments