1. 3-11-14 By: Ben Halsey, Superintendent & Nancy Squairs, Business Administrator Oswego City School District Where Learning Never Ends…

2. Vision & Core Values Mission: The mission of the Oswego City School District is to empower all students to reach their full potential in the best possible engaging learning environment. Goals: Identify and implement elements of highly effective instruction. Implement strategies to increase graduation rates. Create and maintain an engaging, safe and motivating environment that promotes meaningful connections with all students. Support fiscally responsible budgets and manage within district priorities. Conduct administrative staffing study of school district for effectiveness and efficiency identifying any areas of need and/or superfluity. 2

3. Agenda Governor's Executive Budget Proposal Governor’s 2014-2015 State Aid Proposal Oswego City School District 2014-2015 Revenue & Expense Projection Closing the GAP 3

4. 2014-2015 Governor’s Executive Budget 4 2013-201421.1 billion 2014-201521.9 billion Increase of 807 million dollars Total Education Aid to districts increases by 3.8% NYS has $2,000,000,000 Billion Dollar Surplus

5. State Aid 2013-2014 2014-2015 Total aid $17,582,355$17,647,466 GEA $-1,737,674$-1,737,674 (Gap Elimination Adjustment) GEA Restoration $ 0$ 321,423 Building Aid $ 3,484,183$ 3,322,000 Total Aid $19,328,864$ 19,553,215 $ Change 224,351 % Change Total Aid 1.15%

6. The GAP ELIMINATION ADJUSTMENT 2010-11 to 2013-14

7. Revenue Sources Approximately.19 cents of every dollar we receive is State Aid. Approximately.25 cents of every dollar we receive is Property & Sales Tax. Approximately.29 cents of every dollar is generated by pilot agreements. 7

8. 2014-15 Revenue Projection Revenue Source 2013-14 Budget 2014-15 BudgetVariance State Aid18.919.1.2 Property Taxes including STAR 24.925.91.0 PILOT Agreements29.229.7.5 Use of Fund Balance2.72.0(.7) All Other2.51.8(.7) Total$78.2$78.5$.3 $ in millions

9. Expenses Chart as % of total Budget Expenditure

10. 2014-15 Expense Projection Expenditures 2013-14 Budget 2014-15 BudgetVariance General Support9.09.3.3 Instruction35.637.31.7 Transportation3.03.1.1 Employee Benefits24.224.1(.1) Debt Service & Interfund Transfers 6.47.71.3 Total$78.2$81.53.3 $ in millions

11. Pension Cost

12. 2014-15 GAP Revenue Source 2014-15 BudgetTotal Projected Revenue75.5 Use of Fund balance2.0 Proposed increase in Levy1.0 Total Revenue78.5 Projected Expenses81.5(81.5) Budget GAP3.0 $ in millions

13. Tax Rate

14. Tax Levy

15. Enrollment

16. Staff

17. Next Steps Questions?