1. Newark CSD Community Budget Forum March 25, 2015 2015-16 Budget Discussion

2. Agenda: Revenue Governor’s Proposal Possible Additions Expense 2015-2016 Budget What is next? State Aid Questions

3. Revenue Local Revenue: Not the Tax Levy -Made up of Pilot’s, Wayne County Sales Tax, Tuition, Interest, BOCES Rental, Admissions, Continuing Education and others. - $1,501,000 Tax Levy: - 2% increase from 2014-15 tax levy is $12,429,805 - Increase of $243,722

4. Revenue State and Federal Revenue: -Governor Cuomo wants no increase unless his requests are met. -$28,890,021 (May change after NYS budget approval) - Building Aid rate to change from 4.5% to 2.25%. -Still many unanswered questions.

5. Governor’s Proposal 2014-15 2015-16 Foundation*$18,182,293$18,182,293 BOCES & Special Services$1,921,916$1,921,916 High Cost, Excess Cost$1,155,809$1,155,809 Private Excess Cost$66,234$66,234 Hardware & Technology$42,484$42,484 Software, Library, Textbook$172,820$172,820 Transportation$1,517,826$1,517,826 Building$6,001,715$6,001,715 Medicaid Reimbursement$150,000$150,000 Gap Elimination Adjustment-($557,805)-($557,805 ) Totals $28,890,021 $28,890,021

6. Additions to Program Curriculum & Instruction o Instructional Coaches (2) o 2.0 FTE TAs o Psych Intern Support Services o Technology Support o District Office Clerical Administration o Director of Athletics, Health, Physical Education o Assistant Principal at Elementary level

7. Expenses Current Budget for 2015-16: -$46,118,144* Still being finalized as information comes in. Increases: - TRS Rate: 13.26% - ERS Rate 18.2% - Health Insurance: 8.87%

8. Total Budget Figures 2014-15: $45.9 million 2015-16: $46.1 million

9. 2015-2016 Budget Local Revenue: $ 1,501,000 State and Federal Revenue:$ 28,890,021 Estimated 2% Tax Levy:$ 12,429,804 $ 42,820,825 Expenses : $ 46,118,144

10. 2015-2016 Budget Overall the budget is $46,118,144. Legislature still has to approve the NYS Budget

11. What is next? State Aid Budget Finalization Refining Program And Staffing Use of Fund Balance/Reserve Determine Tax Cap Tax Levy Budget Reductions if needed

12. Questions