May 9, 2016

Presented by: Mrs. Cathy Fabiatos, SuperintendentMrs. Laura Bosinski, Business Official

Holland Central School District2016-17 Proposed Budget

• Holland CSD Mission

• Proposed Expenditures

• Projected Revenues

• Tax Levy History

• Proposed Capital Reserve

• Proposed $5.6M JSHS Capital Project

• Budget Vote and Board Member Elections

• Contingent Budget Information

• Questions

Presentation Overview

Holland CSD Mission

Holland CSD Mission

• The Holland Central School District’s Mission is to let each student become all that they are capable of being in a safe, caring, and supportive environment where schools, home, and the community work in a cooperative partnership.

Proposed Expenditures

Proposed Expenditures

Program

78%

Capital

13%

Admin

9%

Tripartite Budget

2015-16 2016-17 $ Change % Change % of Budget

Program 13,405,817$ 14,156,492$ 750,676$ 5.60% 78.04%

Capital 2,341,182$ 2,323,890$ (17,293)$ -0.74% 12.81%

Admin 1,615,001$ 1,659,618$ 44,617$ 2.76% 9.15%

Total: 17,362,000$ 18,140,000$ 778,000$ 4.48% 100.00%

Proposed Expenditures (cont.)Component Budget

2015-16 2016-17 $ Change % Change % of Budget

General Support 2,228,825$ 2,290,499$ 61,674$ 2.77% 12.63%

Instruction 9,486,560$ 10,054,401$ 567,841$ 5.99% 55.43%

Transportation 1,122,882$ 1,148,251$ 25,369$ 2.26% 6.33%

Employee Benefits 3,689,450$ 3,676,545$ (12,905)$ -0.35% 20.27%

Debt and Transfers 834,283$ 970,304$ 136,021$ 16.30% 5.35%

Total: 17,362,000$ 18,140,000$ 778,000$ 4.48% 100.00%General Support

13%

Instruction

56%

Transportation

6%

Employee Benefits

20%

Debt and Transfers

5%

Projected Revenues

Projected Revenues

Revenue Budget

2015-16 2016-17 $ Change % Change

Property Tax Levy 7,193,150$ 7,193,150$ -$ 0.00%

Sales Tax 905,000$ 920,000$ 15,000$ 1.66%

Misc Revenues 203,055$ 312,524$ 109,469$ 53.91%

State Aid 8,660,795$ 9,484,326$ 823,531$ 9.51%

Appropriated Fund

Balance: 400,000$ 230,000$ (170,000)$ -42.50%

TOTAL BUDGET: 17,362,000$ 18,140,000$ 778,000$ 4.48%

Tax Levy History

Tax Levy History

GEA

Proposed Capital Reserve

• Our goal is to maintain fiscal stability while consistently minimizing the effect of our budgets and expenses on our taxpayers. Taxes will not be raised to fund this reserve. The capital reserve fund will be financed using remaining dollars from our annual budget up to a maximum amount of $2,500,000, to be used for future capital projects while reducing the impact to the taxpayers.

Proposed Capital Reserve

Proposed $5.6M JSHS Capital Project

• This project will be partially funded with $500,000 of existing reserves. The average cost to the taxpayer will be approximately $11 for a $100,000 home with the STAR exemption. The JSHS Capital project is focused on securing the building envelope, and completing necessary repairs and code required improvements to protect our community’s investment.

• Building Envelope: Replacement of the 1985 and 1994 windows to improve energy efficiency and to provide a safe means of egress, replacement of deteriorated exterior doors, repair active roofing leaks and replacement of the 1996 roofing. Failing masonry and decorative precast concrete at the Canada Street entrance will also be repaired/replaced.

• Necessary Repairs/Code Required Improvements: Replacement of deteriorated sanitary sewer piping, replacement of failing 1932 plumbing fixtures and faucets, replacement of 20-year old rooftop ventilation units, installation of door closers on all corridor doors, addition of ADA grab bars and mirrors in the toilet rooms, replacement of original classroom flooring, replacement of the malfunctioning 1995 telephone system and public address system (parts are no longer available), upsize emergency generator and emergency lighting to provide a safe means of egress, replacement of the handrail outside of the auditorium and installation of security cameras and card access control systems.

Proposed $5.6M JSHS Capital Project

Budget Vote and Board Member Elections

• Proposition 1: Budget—$18,140,000 with a 0% increase in tax levy—allowable cap is 1.654%

• Proposition 2: Purchase of Buses—Two 66 passenger buses and two 30 passenger vans for a total cost not to exceed $330,000

• Proposition 3: Capital Reserve Fund—Establishment of a Capital Reserve to help offset the cost to taxpayers of future projects

• Proposition 4: 2016 Capital Project—Repairs at the JSHS, bond not to exceed $5,600,000, using $500,000 of current reserves

• Board of Education Seats—Two members for the BOE for 5-year terms to end in 2021

Candidates are: 1. Christina Kelly 2. Bonnie Meahl-Rowe 3. Kelleen Kensy

Budget Vote and Board Member Elections

Contingent Budget Information

If the budget is not passed by the voters, the Board of Education will need to either put forth a second vote on the Statewide Budget Re-vote date of June 14, 2016 or adopt a contingent budget.

A Contingent Budget would result in an increase in proposed expenditures from 2015-16 of $533,750, for a total proposed budget of $17,895,750.

Additional restrictions on our budget would include:• No buses, vehicles, or equipment can be purchased.• No District facilities, grounds, or buildings can be used by the community which causes any expense

to the District. This would include the athletic fields, community pool, cafeteria, auditorium, gymnasiums, classrooms, etc.

Contingent Budget Information

Adopted

2015-16 Budget

CONTINGENT

2016-17 Budget

$ Change of 15-16 Budget

to 16-17 Contingent Budget

Proposed Expenditure Budget 17,362,000$ 17,895,750$ 533,750$

Projected Revenue Budget 16,962,000$ 17,895,750$

(assumes 0% tax levy increase)

(based on Legislative Proposal)

Fund Balance Allocation 400,000$ -$

Total Budget: 17,362,000$ 17,895,750$ 533,750$

?? QUESTIONS ??

~Thank You~Budget Vote -Tuesday, May 17 from 6:00 a.m.-9:00 p.m.

in the HCS JSHS Gymnasium, 103 Canada Street