2009-2010 draft school budget
Post on 04-Jan-2016
70 Views
Preview:
DESCRIPTION
TRANSCRIPT
2009-2010 Draft School Budget
March 21, 2009Board of Education
POCANTICO HILLS CENTRAL SCHOOL DISTRICT
2009-2010 Draft School BudgetBudget Development Timeline
October 2, Staff Orientation to Budget Development
December 10, Budget Worksheets Submitted to the Business Office
February 2, Board of Education Meeting/Review of Preliminary Budget
January 31, 2009 Board Discussion of Significant Budgetary Considerations/Preliminary Budget
February 23, Board of Education Meeting/Review of Preliminary Budget
March 7, Board of Education Meeting/Review of Preliminary Budget
2009-2010 Draft School BudgetBudget Development Timeline
March 18, PTA Meeting/Review of Preliminary Budget
March 29, Board of Education Meeting/Review of Preliminary Budget
April 14, Board of Education Meeting/Review of Preliminary Budget/
Adoption of Budget
April 3, Legal Advertisement for Budget Notice
Week of April 2, Budget Newsletter Mailed to Residents
March 9, Board of Education Meeting/Review of Preliminary Budget
March 21, Board Review of Preliminary Budget
2009-2010 Draft School BudgetBudget Development Timeline
May 19, 2009-2010 Budget Vote
May 11, Board Meeting-Public Hearing Presentation OnlyMay 13 School Budget Notice Mailed to Residents
May 6 , Budget Newsletter Mailed to Residents
April 20, Last Day to File Petitions for Board Election and Propositions
April 30 PTA Budget Presentation
May 5 , PTA Meet the Candidates Night
2009-2010 Draft School BudgetCommunication Plan
1. At each of the nine identified budget workshops the entire budget will be presented to ensure that residents that miss one or more budget workshops will not miss a presentation on any portion of the budget.
2. The instructional staff, student government, School Foundation and PTA will be provided with a budget presentation.
2009-2010 Draft School BudgetCommunication Plan
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 reestablished to provide an avenue for community residents to pose questions and/or comments, and receive a response from the Assistant Superintendent –budgetinfo@pocanticohills.org
2009-2010 Draft School BudgetCommunication Plan
5. Budget information will be posted to the District’s website throughout the budget development process beginning February 3.
6. In addition to the community wide invitation to attend the budget workshops, key neighborhood community members will be invited to attend budget workshops.
2009-2010 Draft School BudgetCommunication Plan
7. Reminder to Vote telephone chains will be employed to encourage community members to vote on May 19, 2009.
8. The K12 alerts system will be used periodically to remind all who have registered to attend the budget workshops.
2009-2010 Draft School BudgetBudget Development Process
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 October with a workshop with the staff.
2009-2010 Draft School BudgetBudget Development Process
Budget Presentation May 11: 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.
Budget Availability; May 4: 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.
2009-2010 Draft School BudgetBudget Development Process
Annual Meeting and Election: The annual meeting and election must be held on the third Tuesday of May. (May 19, 2009)
Three-Part Budget: Districts are required to prepare a three-part budget containing administrative, program, and capital components.
2009-2010 Draft School Budget Significant Budgetary Items
1. Proposed State Aid Deficit Reduction Assessment2. Change in Assessed Valuation3. Project Lead the Way4. Notification to Community on Progress of
Construction5. Continuation of Shade Replacement Program6. Replacement of Student Information System7. Replacement of Financial System8. Increase in Incarcerated Youth Revenue/Expense
2009-2010 Draft School Budget Significant Budgetary Items
9. Additional High School Students10. Continuation of Annual Curriculum Audit11. Three (3) New Special Education Students 12. First Implementation of Debt Payments for
Reconstruction Bond13. Payment of Tax Certiorari Refunds14. Purchase of Two Replacement Mini Buses15. Approved Budget and Contingent Budget
Virtually the Same16. Potential MTA Tax Estimated at $24,661
2009-2010 Draft School BudgetSchool 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.
The special aid fund provides for the district’s grant funded programs
2009-2010 Draft School BudgetSchool 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
Tax Certiorari and Assessment Changes
A Tax Certiorari Challenge Comes About as a Result of a Commercial Property Owner Claiming That Their Property Assessment 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.
2009-2010 Potential Budget Reductions
1. Instructional Salary $ 152,0002. Instructional Salaries $ 60,9973. Non Instructional Salary $ 36,0004. Ceiling Tile Replacement $ 47,0005. Full Day Kindergarten $ 50,0006. Employee Benefits $ 107,7477. Instructional Supplies $ 32,4458. Contractual Expense $ 38,0509. Equipment - Custodial $ 7,90010. Borrowing Costs - Certiorari Refunds $ 16,00011. Debt for 2008-2009 Bus Purchases $(113,377)12. High School tuition $ 157,356
Total $ 592,818
2009-2010 Potential Budget Reductions
One Time Budget Expenditure Offsets Project Lead the Way $ 62,706 Student Information System $ 35,000 Debt Service on Bus Purchase $144,966
Total $242,672
IMPACT ON TAX RATE OF: $835,490
IMPACT ON TAX RATE DUE TO REVISION IN ASSESSED VALUATION (1.02%)
2009-2010 Construction Debt ServiceReview
Referendum Approved by Community 1/23/08 Designs Approved Through December 2008 District Borrowed via a BAN in December 2008 Plans and Specifications Completed and Submitted to
State Education Department February 2009 Construction Anticipated to Begin Fall 2009 2009-2010 Budget Provides for Interest and Principal
Payment on BAN Sold December 2008 Scope of Construction Work in 2009-2010 Will Affect
Borrowing in 2009-2010 With Payment Budgeted in 2009-2010
2009-2010 Construction Debt ServiceOptions
2009-2010 Debt Service of $544,000 - $489,527 of Which Can Be Moved to the 2010-2011 School Budget - (Not Recommended)
Reasons for Not Recommending Deferral of Debt Expense
2010-2011 Budget Will Be Impacted By Higher TRS Rate, and Additional Debt Service Payments for Amounts Borrowed in 2009-2010 for Additional Construction, in Addition to Increased Operational Costs
Incrementally Applying the New Debt Service Each School Year Will Have Less Impact on Annual Tax Rate Increase
2009-2010 Draft School Budget
Budget to Budget Increase 4.30% 2009-2010 Proposed Budget $23,674,481 New Construction Debt (544,000) One Time Budget Offsets (242,672) Incarcerated Youth Program (180,278) Adjusted Budget $22,707,531 2008-2009 Budget $22,699,313 Adjusted Budget to Budget Increase .04%
2009-2010 Draft School Budget
Proj. Tax Rate Increase: 1/31/09 2/23/09 3/21/09 Greenburgh 15.33% 8.98% 8.28% Mt. Pleasant 15.33% 8.98% 8.28%
Est. Tax Rate w/o A/V Changes: 2.36% Increase in Property Tax Levy 2.36% Est. Tax Rate Impact New Constr. Debt 3.21% Est. Tax Rate Increase W/O A/V Debt (.67%)
2009-2010 Draft School Budget
Total Projected Tax Rate Increase of 8.28%
2.36%
5.91%
Change in Assessed Valuation
Tax Levy IncreaseTax Levy Increase
2009-2010 Draft School Budget
Projected Contingency Tax Rate Increase: Greenburgh 8.26% Mt. Pleasant 8.26%
Projected Approved Tax Rate Increase:
Greenburgh 8.28% Mt. Pleasant 8.28%
2009-2010 Draft School Budget
COMPARISON BETWEEN MAXIMUM CONTINGENCY AND PROPOSED 2009-2010 BUDGET PROJECTED TAX RATE INCREASES
19.31%
8.28%
Tax Rate Increase on Maximum Contingency Budget
Tax Rate Increase on Proposed Budget
Maximum Contingency Budget is $25,547,192
Proposed Budget is $23,674,480
2009-2010 Draft School BudgetImportant Facts
Tax Levy % Increase Budget Increase00-01 6.07% 6.20%01-02 5.38% 4.55%02-03 9.04% 8.19%03-04 14.14% 8.14%04-05 6.46% 6.28%05-06 10.38% 9.54%06-07 11.19% 9.03%07-08 3.15% 5.95%08-09 5.86% 5.07%09-10 2.36% 4.30%
2009-2010 Draft School BudgetImportant Facts
Lowest Budget to Budget Increase in Ten (10) Years (4.30%)
Lowest Property Tax Increase in Ten (10) Years (2.36%)
Draft Budget is $1,872,712 Below Maximum Contingency Budget
Communication Plan Provides for Nine Budget Workshops
The Decrease in the District’s Assessed Valuation Comprises 5.92% of the 8.28% Tax Rate Increase
2009-2010 Draft School Budget Important Facts
Proposed Cuts Include $152,000 in Additional Teacher Salary Expense, and $36,000 in Non Instructional Overtime Expense
State Aid Reduction of $121,000 Increase in Incarcerated Youth Program - Increases
Both Revenue and Budget – No Impact on Tax Rate Three New Special Education Students Funds To Borrow For $3,000,000 in Tax Certiorari
Refunds Teacher Staff Reduction of .5 FTE
Tax Rate Impact 2009-2010 Draft Budget
Greenburgh
Assessed 2008-2009 2009-2010 Annual Monthly
FMV Value Taxes Taxes Increase Increase
100,000 2,800 801 867 66 6
250,000 7,200 2,001 2,167 166 14
500,000 14,400 4,003 4,334 331 28
750,000 21,600 6,004 6,501 497 41
1,000,000 28,800 8,006 8,668 663 55
Note: Assumes same equalization rate in 2008-2009
and 2009-2010
Tax Rate Impact 2009-2010 Draft Budget
Mt. Pleasant
Assessed 2008-2009 2009-2010 Annual Monthly
FMV Value Taxes Taxes Increase Increase
100,000 2,800 801 867 66 6
250,000 7,200 2,001 2,167 166 14
500,000 14,400 4,003 4,334 331 28
750,000 21,600 6,004 6,501 497 41
1,000,000 28,800 8,006 8,668 663 55
Note: Assumes same equalization rate in 2008-2009
and 2009-2010
2009-2010 Draft School BudgetWhere Your Dollar Goes
$23,674,480
Debt5.87% Interfund
0.40%
Benefits11.65%
Equipment0.08%
Supplies1.48%
Contractual5.17%
Utilities1.50%
Textbooks0.20%
BOCES6.11%
Inc. Youth11.13%
Software0.04%
Salaries32.12%
Tuition24.22%
Where Every Revenue Dollar Comes From $23,674,481
PROPERTY TAXES77.6%
OTHER3.7%
FUND BALANCE
3.5%
STATE AID15.2%
2009-2010 Draft School BudgetDistrict Personnel
Adj. 2008-2009 2009-2010 Change Administrators 3.00 3.00 -0-Clerical 8.00 8.00 -0-Custodial 11.00 11.00 -0-Teachers 41.90 40.40 (.50)Teacher Asst. 10.00 10.00 -0-Teacher Aides 4.00 4.00 -0-Monitors 5.00 5.00 -0-Total 82.90 81.40 (.50)
2009-2010 Draft School BudgetIncreases/(Decreases)
Salaries $ 292,107 Equipment $ (8,624) Contractual $ (14,428) Utilities $ (92,068) Supplies $ (4,444) Tuition $ 282,780 Textbooks $ (436) Incarcerated Youth $ 180,278 BOCES $ (239,638) Benefits $ 28,156 Debt Service $ 560,483 Software $ (9,000) Total $ 975,166
2009-2010 Draft School Budget
Uniform System of Accounts• Function
• Object
2009-2010 Draft School Budget
2008-09 2009-101000-General Support $ 2,615,006 $ 2,488,218
Page #142000-Instruction $14,691,587 $15,132,953
Page #195000-Transportation $ 1,231,967 $ 1,303,961
Page #207000-Community Svc. $ 504,473 $ 504,429
Page #21 9000-Undistributed $ 3,656,280 $ 4,221,228
Page #24Total Budget $22,699,313 $23,674,480
2009-2010 Draft School Budget
GENERAL SUPPORT 2008-2009 2009-2010 1010-Board of Education $ 5,500 $ 8,095 Page 71040 -District Clerk $ 13,150 $ 14,1131060-District Meeting $ 9,500 $ 9,780
Total Board of Education $ 28,150 $ 31,987
1240-Chief School Adm. $245,324 $252,043 Page 8
2009-2010 Draft School Budget
GENERAL SUPPORT 2008-2009 2009-2010 1310-Business Admin. $315,891 $ 329,311 Page 91320-Auditing $ 55,000 $ 55,500 Page 101325-Treasurer $ 40,244 $ 28,567
Total Finance $411,635 $413,378
1420-Legal $267,642 $276,871 Page 111480-Public Info. $ 27,000 $ 48,977
2009-2010 Draft School Budget
CENTRAL SERVICES 2008-2009 2009-2010 1620/21-Oper./Maint. $1,397,655 $1,238,058 Page 121670-Central Print $ 46,262 $ 46,262 Page 13
Total Central Services $1,443,917 $1,284,320
SPECIAL ITEMS1910-Insurance $ 56,066 $ 47,254 Page 141920-School Assn. Dues $ 11,713 $ 12,4541950-Assessment $ 44,000 $ 36,543
2009-2010 Draft School Budget SPECIAL ITEMS
2008-2009 2009-2010
1964-Refund of Tax $ 34,482 $ 36,233 Page 14
1981-Admin BOCES $ 45,077 $ 48,159 Total Special Items $ 191,338 $ 180,642
Total General Support $ 2,615,006 $2,488,218
2009-2010 Draft School Budget
INSTRUCTION 2008-2009 2009-20102020-Instruct. Supv. $ 127,859 $ 128,559 Page
152070-Inser. Training $ 46,825 $ 47,7022110-Teaching $9,666,226 $9,334,013
Supv & Instruct. $9,840,909 $9,510,275
2009-2010 Draft School Budget
INSTRUCTION 2008-2009 2009-20102250-Stud.with Disab. $3,532,740 $4,225,715 Page
162270-Academic Inter. $ 155,084 $ 178,404
Total Special Schools $3,687,824 $4,404,118
2009-2010 Draft School Budget
INSTRUCTION 2008-2009 2009-20102610-School Library $135,566 $127,719 Page
172630-Computer Instr. $618,574 $668,107
Total Library & CAI $754,140 $795,826
2009-2010 Draft School Budget
INSTRUCTION 2008-2009 2009-20102810-Guidance $125,186 $135,210
Page 182815-Health $120,621 $115,6602820-Psychology $117,509 $125,059
Total Pupil Personnel $363,316 $375,929
2009-2010 Draft School Budget
INSTRUCTION 2008-2009 2009-20102855-Interscholastic $ 45,398 $ 46,805 Page
19
Total Instruction $14,691,587 $15,272,715
2009-2010 Draft School Budget
TRANSPORTATION 2008-2009 2009-20105510-District Oper. $ 712,825 $ 767,952 Page
205540-Private Carrier $ 519,142 $ 536,009
Total Transportation $1,231,967 $1,303,961
2009-2010 Draft School Budget
Community Service 2008-2009 2009-20107140-Community Rec. $ 169,423 $ 146,306
Page 217141-Day Camp $ 281,194 $ 292,5277142-Afterschool $ 53,856 $ 65,597
Total Community Svce. $ 504,473 $ 504,429
2009-2010 Draft School Budget Undistributed – Employee Benefits 2008-2009 2009-20109000-Empl. Benefits $2,731,217 $2,759,371 Page 22
Debt Service9700-Debt Service $ 830,064 $1,390,548 Page
23
INTERFUND TRANSFERS9900-Interfund Tranf. $ 95,000 $ 95,000 Page 24
2009-2010 Draft School Budget BUDGET AMOUNT IMPACT ON TAX RATE $ 100,000 .59%
$ 170,000 1.00%
$ 250,000 1.47%
$ 500,000 2.95%
$ 750,000 4.42%
$ 1,000,000 5.89%
2009-2010 Draft School BudgetAssessed Valuation
Mt. Pleasant Greenburg
2003-04 16,715,484 41,933,4162004-05 16,631,073 41,723,5762005-06 16,248,572 40,879,7982006-07 15,870,156 40,827,5042007-08 15,761,315 40,045,4332008-09 14,833,000 34,050,9322009-10 14,033,100 32,171,124Change 08-09/09-10 (799,900) (1,879,809)Tax Rate Impact: 5.95% 5.95%
2009-2010 Draft School BudgetAssessed Valuation
Mt Pleasant
12,500,00013,000,000
13,500,00014,000,00014,500,000
15,000,00015,500,00016,000,000
16,500,00017,000,000
2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
2009-2010 Draft School BudgetAssessed Valuation
Greenburgh
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
2004-2005 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Contingency Budget Should The Voters Defeat The Budget, The District Has
The Option Of Offering A Revised Budget To Voters For A Revote, Or Immediately Adopting A Contingency Budget.
Districts Are Only Allowed One Budget Revote To Be Held On The Third Tuesday In June.
In The Case Of A Contingency Budget, Districts Are Constrained In Two Ways – Determination Of Ordinary Contingency Budget Appropriations, And The Statutory Caps.
Contingency Budget What Items May A Board Of Education Include In A
Contingency Budget? After Determining Teachers’ Salaries Necessary To
Retain And Recruit Competent Teachers, The Board Is Faced With The Necessity Of Determining Ordinary Contingent Expenses.
In General, The Term “Ordinary Contingent Expense” Encompasses All Expenditures Deemed To Be Needed To Provide The Minimum Services Legally Required To Operate And Maintain Schools And The Educational Program Of The School District And Preserve The Property Of The District In Order To Assure The Health And Safety Of The Students And Staff.
Ordinary Contingent Expenses When A Board Of Education Is Faced With Adopting
A Contingent Budget The Crucial Question Is The Determination Of What Constitutes Ordinary Contingent Expenditures.
In General, An Ordinary Contingent Expenditure Is An Expenditures Deemed To Be Absolutely Necessary To Operate And Maintain Schools. The Emphasis Should Be On Those Expenditures Considered Essential To Maintain An Educational Program, Preserve Property, And Assure The Health And Safety Of Students And Staff.
Ordinary Contingent Expenses
Ordinary Contingent Expenditures Are Divided Into Three Categories:• Legal Expenditures
• Expenditures Specifically Authorized By Statute;
• Other Items Necessary To Maintain The Education Program, Preserve Property And Assure The Health And Safety Of Students, And Staff.
BUDGETARY OVERVIEW OF 2009-2010 DRAFT BUDGET
top related