1. General Fund Budget Calendar Review Niagara Falls City School District 2013-2014 Budget Cynthia Bianco Superintendent of Schools Tim Hyland Rebecca Holody January 24, 2013

2. Amended 2013 – 2014 Budget Calendar

3. General Fund Budget Calendar 2013-2014 January - June March 1 st March 21st April 18 th April 19th  Board Review of Budget  District Submits Tax Levy Calculations to State  Superintendent’s Budget Recommendation to Board  Board Adopts Budget and Contingent Budget  District Submits Tax Report Card to SED

4. General Fund Budget Calendar 2013 - 2014 April 23 rd May 9 th May 10 th May 21 st June 24th  Budget Available  Public Hearing  Mail Budget Notice  Budget Vote  Finalize Revenue Estimates, Set Tax Levy and Tax Rates

5. Budget Process for 2013-14 Budget Important Dates : 1) January 22nd -Governor's (Executive) Budget Proposal Released 2) February 7th -Revenue Projections 3) February 14th -Appropriation Projections 4) February 21st -Total Budget with GAP Projections 5) March 7th -Initial Scenarios to Close Budget GAP Presented 6) March 14th -Continued Discussion of Scenarios to Close Budget GAP 7) March 21st -Superintendent's Budget Recommendation to the Board 8) April 18th -Board to Adopt Budget and Contingent Budget

6. Assumptions Impacting 2013-14 General Fund Budget  Executive (Governor’s) Budget was released on time (1/22/13)  Governor’s proposed budget includes a $2.5M increase in State Aid (Increase due to application to GEA and Stabilization  Any reductions (if necessary) to the budget will impact the classrooms last.