1. BUDGETARY OVERVIEW OF 2007-2008 BUDGET DEVELOPMENT March 6, 2007 Board of Education Meeting

2. 2007-2008 SCHOOL BUDGET DISTRICT GOALS FISCAL RESPONSIBILITY 1. Educate the community on the liability associated with tax certiorari claims and develop a long-range plan to address this. HOME AND COMMUNITY PARTNERSHIPS 1. Develop and implement a contract between families and our school that outlines teaching and learning responsibilities for all parties.

3. 2007-2008 SCHOOL BUDGET DISTRICT GOALS STUDENT SUPPORT 1. Review and evaluate special education services and delivery models in light of state and federal requirements. 2. Pilot an inclusive education model for students in the intermediate house. 3. Staff the school system in ways that better represent our diverse student population.

4. 2007-2008 SCHOOL BUDGET DISTRICT GOALS ACADEMIC EXCELLENCE 1. Integrate new instructional technologies with classroom instruction. 2. Implement revised math curriculum through multiple resources including our new math textbooks and software.

5. 2007-2008 SCHOOL BUDGET DISTRICT GOALS STAFF EFFECTIVENESS 1. Review and map the social studies curriculum, Grades K-8, aligning it with NYS Standards and identify resources necessary to implement it. 2. Continue professional development in instructional technology, differentiated instruction, English Language Arts and standards-based math. BOARD GOALS 1. Develop a school budget process that reflects the community’s interests.

6. 2007-2008 SCHOOL BUDGET Communication Plan The school community newsletter will provide a listing of all budget workshop dates. The district has created 2007-2008 Budget Communication Plan & Timeline to further assist the community in learning about the proposed school budget.

7. 2007-2008 SCHOOL BUDGET Communication Plan Recommendations 1. At each of the six identified budget workshops the entire budget will be presented to ensure that residents that miss one or more budget workshops will not miss the description of the budget. 2. The instructional staff, student government, School Foundation and PTA will be provided with a budget presentation. 3. The Budget Newsletter will be mailed at two distinct times to generate community input, once prior to the Board’s adoption of the budget, and once prior to the legally required budget hearing. 4. A special e-mail address has been re-established to provide an avenue for community residents to pose questions and/or comments, and receive a response from the Assistant Superintendent – www.budgetinfo@pocanticohills.orgwww.budgetinfo@pocanticohills.org

8. 2007-2008 SCHOOL BUDGET Communication Plan Recommendations 5. Budget information will be posted to the District’s website throughout the budget development process. 6. In addition to the community wide invitation to attend the budget workshops, key neighborhood community members will be invited to attend budget workshops. 7. Reminder to Vote telephone chains will be employed to encourage community members to vote on May 15, 2007. 8. The K12 alerts system will be used periodically to remind all who have registered to attend the budget workshops.

9. 2007-2008 SCHOOL BUDGET 2007-2008 Budget Communications Plan & Timeline 2007-2008

10. 2007-2008 SCHOOL BUDGET A school budget is a financial plan created to support the operation of the school system and the delivery of the educational program. The budget process begins in November with a workshop with the staff.

11. 2007-2008 SCHOOL BUDGET Budget Development Timeline November 2, Staff Orientation to Budget Development December 20, Budget Worksheets Submitted to the Business Office March 12, Board of Education Meeting/Review of Preliminary Budget March 6, Board of Education Meeting/Review of Preliminary Budget January 24, 2007Board Discussion of Significant Budgetary Considerations

12. 2007-2008 SCHOOL BUDGET Budget Development Timeline March 26, Board of Education Meeting/Review of Preliminary Budget April 10,Board of Education Meeting/Review of Preliminary Budget/ Board Adoption of Budget March 30, Legal Advertisement for Budget Notice Week of March 26Budget Newsletter Mailed to Residents March 14PTA Budget Presentation

13. 2007-2008 SCHOOL BUDGET Budget Development Timeline May 15, 2007-2008 Budget Vote May 7,Board Meeting-Public Hearing Presentation Only May 9,School Budget Notice Mailed to Residents May 2,Budget Newsletter Mailed to Residents April 16,Last Day to File Petitions for Board Election and Propositions April 18PTA Budget Presentation April 25,PTA Meet the Candidates Night

14. 2007-2008 SCHOOL BUDGET Budget Presentation: the budget must be presented at the budget hearing, not less than seven (7) or more than fourteen (14) days prior to the annual meeting/budget vote date. - May 7 Budget Availability; the budget document shall be complete and available upon request to residents within the district (7) days before the budget hearing and fourteen (14) days before the annual meeting/vote date. – May 1

15. 2007-2008 SCHOOL BUDGET Annual Meeting and Election: The annual meeting and election must be held on the third Tuesday of May. (May 15, 2007) Three-Part Budget: Districts are required to prepare a three-part budget containing administrative, program, and capital components.

16. School District Funds The general fund relies on taxes, state aid, and miscellaneous revenue and supports all regular school activities The school lunch fund provides the child nutrition program to our students and is a self sustaining program The special aid fund provides for the district’s grant funded programs

17. School District Funds The capital fund provides for all permanent improvements to our facilities and is funded from the general fund and bond issue proceeds The trust and agency funds are used to account for assets held by a governmental unit in a trustee capacity and/or as agent for individuals. The funds are custodial in nature and are used to account for contributions or endowments

18. 2007-2008 SCHOOL BUDGET Significant Budgetary Considerations 1. Impact of Tax Certiorari Claims/Settlements 2. Changes in Assessed Valuation 3. Transportation 1. BOCES and purchase of replacement buses, or Bid for new service 4. Incarcerated Youth 1. Increase in allocation/increase in resulting state aid

19. 2007-2008 SCHOOL BUDGET Significant Budgetary Considerations 5. Health Insurance Increases 6. Salary Increases 7. Retirement Cost Increases 8. Workers Compensation/Liability Insurance Cost Increases 9. High School Tuition Increases 10. One Time Offsets for 2006-2007 Fire Alarm Bid Savings

20. 2007-2008 BUDGET HIGHLIGHTS 1. Digital Piano for Choral Program 2. Microscope for Elementary and Science Program 3. Special Education Equipment 4. Repairs/Replacement of Portion of Playground Equipment 5. Computer Supplies 6. Replacement of 34 Year Old Tractor

21. 2007-2008 BUDGET HIGHLIGHTS 7. Student Supplies 8. Maintenance of Photography Program Initiated by School Foundation 9. New Musical Instrument – Replacement Cycle 10. New Interscholastic Uniforms – Replacement Cycle 11. New Library Books – Replacement Cycle 12. New Exercise Equipment – Replacement Cycle

22. 2007-2008 BUDGET HIGHLIGHTS 13. Supplies for School Play 14. New Social Worker 15. Supplies for Mentoring Program 16. Funds for Field Trips 17. Replacement of Two Large School Buses 18. High School Tuition Increases 19. Custodial Projects: 1. Ceiling Tile Replacement 2. Photo Badge System 3. Classroom Shade Replacement

23. 2007-2008 Draft Budget $22,284,194 The Draft Budget provides for: Budget to Budget Increase of 9.28% Projected Tax Rate Increase: With Tax Certiorari Claims: Greenburgh18.72% Mt. Pleasant18.20% Without Tax Certiorari Claims: Greenburgh7.50% Mt. Pleasant7.03%

24. WHERE YOUR DOLLAR GOES 2007-2008 $22,284,194

25. WHERE EVERY REVENUE DOLLAR COMES FROM 2007-08

26. 2007-2008 Mandated Budget Items Vs. Non Mandated Budget Items

27. 2007-2008 Proposed Budgetary Mandated 84.47% Non Mandated 15.53% $1,892,167 Mandated and Contractual: Cost Increases in this category include: MandatedNon Mandated Salaries$ 550,588 $ 51,240 Equipment$ 17,171 $ 17,450 Contractual$ 127,754 $ 55,747 Supplies$ 0 $ 69,443 High School Tuition$ 657,262 $ 0 BOCES Services$ 22,787 $ 93,000 Incarcerated$ 437,425 $ 0 Debt$ 48,866 $ 0 Benefits$ 186,536 $ 0 Interfund Transfers$(450,000) $ 0 Total$1,598,390 $293,777 84.47%15.53%

28. Tax Certiorari and Assessment Changes A Tax Certiorari Changes Comes About as a Result of Commercial Property Owner Claim That Their Property Assessment is Too High, and Therefore Their Tax Bill is Too High. Court Ordered Judgments to Reduce The Assessment of A Commercial Property, Plus Refunds of Taxes Overpaid in Prior Years Affects the School Tax Rate Negatively.

29. Assessed Valuation Mt. PleasantGreenburgh 2003-0416,715,48441,933,416 2004-0516,631,07341,723,576 2005-0616,248,57240,879,798 2006-0715,870,15640,827,504 2007-08 est.15,274,06535,001,691 06-07/07-08 Change (596,091) (5,825,813) Tax Rate Impact: 11.22% 11.17%

30. Assessed Valuation Mt. Pleasant Before Changes Affecting 2007-2008

31. Assessed Valuation Mt. Pleasant After Tax Certiorari Claim Settlements Decrease of $596,091

32. Assessed Valuation – Greenburgh Before Changes Affecting 2007-2008

33. Assessed Valuation – Greenburgh After Tax Certiorari Claim Settlements Decrease of $5,825,813

34. Contingency Budgets Single revote: Upon the defeat of the original proposed school budget, a district may resubmit the original budget, submit a revised budget, or adopt a contingency budget. If the voters fail to approve the budget upon the second vote, the district must adopt a contingency budget. Expanded definition: Interscholastic athletics, field trips, other extracurricular activities, and related transportation expenses are contingent expenses.

35. Contingency Budgets Administrative cap: The administrative component of a contingency budget will be limited to the lesser of: 1) the percentage of the administrative component in the prior year’s budget or 2) the percentage of the administrative component in the last defeated proposed budget. Cap on total spending: Total spending under a contingency budget may not increase by more than 120 % of national CPI or 4.00%, whichever is lower. For 2007-08 the cap is 3.84 %.

36. 2007-2008 Contingency Budget How the contingency/austerity budget cap is calculated: 2006-2007 Adopted Budget$19,916,971 Less Debt Service$( 489,309) Adjusted Base Year Budget$19,427,662

37. 2007-2008 Contingency Budget How the maximum contingency/austerity budget cap is calculated: Adjusted Base Year Budget$19,427,662 Adjusted Budget x 120% of CPI3.84% $20,173,684 Debt Service $ 538,175 Growth Related Expenditures$ 726,925 Maximum Contingency Budget$21,438,784 Required Budgetary Cuts$ 845,410

38. Possible Areas of Expense Reduction Student Supplies Community Use of Buildings and Grounds Certain Equipment Software Staff Technology Overtime Field Trips Summer Camp/Swim Program

39. Tax Rate Table BUDGET AMOUNT IMPACT ON TAX RATE $ 100,000.67% $ 148,000 1.00% $ 250,000 1.68% $ 500,000 3.35% $ 770,000 5.16% $ 1,000,000 6.73%

40. BUDGETARY OVERVIEW OF 2007-2008 BUDGET DEVELOPMENT