1. 2018-19 Budget Planning February 14, 2018 Board of Education meeting

2. Estimated Expenditures vs. Revenue
Adopted Budget
Budget - Proposal
Dollar
Per Cent
Change
Rollover
Tentative
Estimated Expenditures
$69,511,563
$71,408,126 $0
$1,896,563
2.73%
Repair Reserve
$1,045,000
Estimated Revenue
Other Revenue
$1,565,000
$1,479,000
($86,000)
-5.50%
Other Tax Items
$2,573,346
$2,651,240
$77,894
3.03%
State Aid
$45,221,643
$46,735,643
$1,514,000
3.35%
Tax Levy
$20,875,122
0.00%
Total Est. Revenue & Tax Levy
$70,235,111
$71,741,005
$1,505,894
2.14%
Expenditures over Revenue
$321,452
($332,879)
Appropriated Fund Balance
Remaining shortage /(overage)

3. Tax Levy Limit (Property Tax Cap)
Must follow an eight-step formula determined by New York state
Result of the formula determines the amount that property taxes can increase/decrease, setting a threshold for voter approval
If tax increase is less than or at the tax cap threshold amount, budget passes with 50% or more of the voters voting “yes”
If tax increase is greater than the threshold amount, budget passes with 60% or more of the voters voting “yes”
If budget is ultimately defeated, no increase in the tax levy is permitted

4. 2018-19 GASD Tax Levy Limit Calculation
PRIOR YEAR TAX LEVY:
$ ,875,122
DISTRICT TAX BASE GROWTH FACTOR: x
1.0242
PILOTS RECEIVABLE - PRIOR YEAR: +
$ ,261,833
TAXES LEVIED FOR EXEMPTIONS DURING PRIOR YEAR:
CAPITAL EXPENDITURES NET OF STATE AID -
$ ,478
ALLOWABLE TAX LEVY GROWTH FACTOR (2% OR CPI):
1.0200
SUBTOTAL GROWTH ADJUSTED TAX LEVY =
$ ,901,308
PILOTS RECEIVABLE - COMING YEAR:
$ ,313,741
AVAILABE CARRYOVER FROM PRIOR YEAR (Computed as a maximum of 1.5% of prior year text levy limit, and only applicable if the district levied a tax less than the prior year's tax levy limit, not the district's maximum allowable tax levy) $
TAX LEVY LIMIT:
$ ,587,567
EXEMPTIONS FOR PENSION COST INCREASES:
COMING SCHOOL YEAR CAPITAL EXEMPTIONS:
$ (295,937)
MAXIMUM ALLOWABLE TAX LEVY AMOUNT
$ ,291,630
INCREASE(DECREASE) FROM PRIOR YEAR LEVY
$ ,507
PERCENTAGE
2.00%

5. Proposed 2018-19 Revenue Budget
Budget
Proposed
Change
Local Sources
$ ,465,000
$ ,379,000
-5.9%
Interfund Transfers $ $
0.0%
State Aid & Medicaid
$ ,279,438
$ ,835,643
8.2%
Payment in Lieu of Taxes
$ ,235,846
$ ,313,740
3.5%
Other Property tax items
$ ,500
$ ,500
Property Taxes (Tax Levy)
$ ,875,122
$ ,875,122
Appropriated Fund Balance
$ ,069
-100.0%
Total
$ ,788,975
$ ,741,005
4.3%

6. Revenue at a glance

7. Proposed 2018-19 Expense Budget
Expenditures at a Glance
Proposed
Proposed
Change
Salaries (professional)
$ ,831,344
$ ,750,181
3.9%
Salaries (support)
$ ,005,410
$ ,219,801
4.3%
Employee benefits
$ ,310,165
$ ,153,224
5.2%
Equipment
$ ,005
$ ,005
0.0%
Supplies & textbooks
$ ,208,531
$ ,294,942
7.2%
Contract Services
$ ,800,227
$ ,833,129
0.5%
BOCES Services
$ ,313,934
$ ,545,381
2.8%
Debt Service
$ ,578,944
$ ,345,463
-3.1%
Interfund transfers
$ ,000
$ ,000
Total
$ ,314,560
$ ,408,126
3.0%

8. Expenditures at a glance

9. Pension Contribution Rates
Teachers Retirement System (TRS) is projecting rates will increase from 9.8% of salaries to % in
Employees Retirement System (ERS) rate will decrease from 15.3% of salaries to 14.9% in
No TRS or ERS exclusions in the tax cap calculations.

10. Some final thoughts
The budget will be driven by the GASD Theory of Action, as presented by the Superintendent
Primary focus for the school year is to ensure an academic and supportive environment.
Waiting for information from the Legislators and Governor Cuomo.

11. Next steps Budget presentation posted on website
Next BOE meeting is Wednesday, March 21, 6 p.m.
Wednesday, April 18: Board will vote on tentative proposed budget
Tuesday, May 1: Public hearing
Tuesday, May 15: Annual Budget Vote and BOE Election

12. Questions