1/24/2014

January21,2014

1/24/2014

Budgeted
20132014

Projected
20132014

Variance

$11,979,313

$11,632,135

347,178

17,365,261

17,365,261

Other

460,285

522,354

+62,069

AppropriatedFundBalance

602,128

602,128

$30,406,987

$30,121,878

285,109

Budgeted
20132014

Projected
20132014

Variance

$14,700,352

$14,556,099

+144,253

Equipment

171,255

118,620

+52,635

Contractual

1,958,033

1,520,970

+437,063

BOCES

1,690,839

2,070,839

380,000

814,741

704,339

+110,402

DebtService

3,136,978

3,136,978

EmployeeBenefits

7,834,789

7,553,261

+281,528

Interfund Transfers

100,000

100,000

TotalExpenditures

$30,406,987

$29,761,106

+645,881

RevenueCategory
StateAid
PropertyTaxes

TotalRevenues

ExpenseCategory
Salaries

Materials&Supplies

1/24/2014

TotalRevenues

$30,406,987

$30,121,878

285,109

Variance

$0

$ 360,772

+360,772

TotalExpenditures

$30,406,987

$29,761,106

+645,881

HittingtheResetButton

Calculateasmuchoftheexpensesidebudgetaspossible appliesprimarilyto
salariesandemployeebenefits

Thereisnofatintentionallybuiltintotheinitialbudgethoweverthereare
conservativeestimatesforitemssuchastuition,utilities,andsubstitutecosts

Ourinitialgaphasbeencalculatedwithouttheuseofreserves,andincludesno
increaseinthetaxlevyasameansofestablishingastartingpointand
beginningdialoguetoclosethebudgetgap.

Majorexpensesidevariablesstilloutstanding

Teachers'RetirementSystemcontributionrates currently17.75%

Healthinsurancepremiumincrease currently5%

CourseselectionbystudentsatSHS

Otheradditions???

Otherreductions???

1/24/2014

20132014
Adopted

20142015
InitialDraft

ProjectedExpenditures

$30,406,987

$31,368,192

ProjectedRevenues

$30,406,987

$29,794,859

ProjectedBudgetGap

$ 0

$ 1,573,333

PleaseseeSection1ofthebudgetbinderforasummaryofthe
initialdraft.

ProjectedRevenues

20132014
Adopted
$30,406,987

20142015
InitialDraft
$29,794,859

TaxLevy
StateAid
FederalAid
Other
AppropriatedFundBalance
Total

$17,365,261
11,979,313
0
460,285
602,128
$30,406,987

$17,365,261
11,979,313
0
450,285
0
$29,794,859

PleaseseeSection5ofthebudgetbinderforadetailof
revenueprojections.

1/24/2014

ProjectedExpenditures

20132014
Adopted
$30,406,987

20142015
InitialDraft
$31,368,192

Note:Theinitialdraftcurrently doesnotincludeanyadditionstoor
reductionsfromthe20132014budget.
PleaseseeSection8ofthebudgetbinderforasummaryoftheinitial
draft.

Salaries

20132014
Adopted
$14,700,352

20142015
InitialDraft
15,113,856

Note:20142015projectedexpendituresarebasedonactualsalariesfor
currentemployeeswherepossible.Projectionsaremadeforsubstitutes,
overtime,curriculumandsupervisionactivities.Contractshavenotbeen
finalizedforMEU,MTEUandMSTA.Allothercontractshavebeensettled
through2016/2017.
PleaserefertoSection9ofthebudgetbinderfordetails.

1/24/2014

Equipment

20132014
Adopted
171,255

20142015
InitialDraft
171,255

Note:20142015projectedexpendituresarebasedon20132014
budgetedamount.
PleaseseeSection10ofthebudgetbinderfordetails.

Contractual

20132014
Adopted
1,958,033

20142015
InitialDraft
1,959,033

Note:Mostcontractualitemsarebasedon20122013actualexpenditures.
Ratesremainstableandlowforelectricityandnaturalgas,whicharethe
twomajorvariablessubjecttofluctuationinthiscategory.
SeeSection11ofthebudgetbinderfordetails.

1/24/2014

Materials&Supplies

20132014
Adopted
814,741

20142015
InitialDraft
814,741

Note:20142015projectedexpendituresarebasedon20132014budgeted
amount.
PleaseseeSection12ofthebudgetbinderfordetails.

BOCES

20132014
Adopted
1,690,839

20142015
InitialDraft
2,154,848

Note:BOCESestimatesarebasedontheinitialservicerequestsubmitted
inDecember2013.SignificantincreasesinCTEcosts($117,645)aredueto
increasedstudentparticipationin20132014,andincreasesinBOCES
SpecialEducationservices($234,620)areduetonewstudentsenrolledin
thesummerof2013.
PleaseseeSection13ofthebudgetbinderfordetails.

1/24/2014

DebtService

20132014
Adopted
3,136,978

20142015
InitialDraft
3,010,221

Note:20142015projectedexpendituresarebasedonourcurrentdebt
schedule.
PleaserefertoSection14ofthebudgetbinderfordetails.

EmployeeBenefits

20132014
Adopted
7,834,789

20142015
InitialDraft
8,044,238

Note:20142015projectedexpendituresarebasedonpercentagesapplied
tosalariesasfollows:
TeachersRetirementSystem
EmployeesRetirementSystem
FICA/Medicare
HealthInsurancePremiumIncrease

17.75%
20.10%
7.65%
5.00%

Allotherbenefitsarebasedoneitherprioryearactuals orquotedamounts
frombenefitproviders.
PleaserefertoSection15ofthebudgetbinderfordetails,alongwith
salaryinformationprovidedinSection9.

1/24/2014

Interfund Transfers

20132014
Adopted
100,000

20142015
InitialDraft
100,000

Note:Togeneratebuildingaidoncashforcashprojects,upto$100,000
mustbebudgetedasaninterfund transfertothedistrictsCapitalFund.
PleaserefertoSection15ofthebudgetbinderfordetails.

Salaries
Equipment

20132014
Adopted

20142015
InitialDraft

$14,700,352

$15,113,856

171,255

171,255

Contractual

1,958,033

1,959,033

BOCES

1,690,839

2,154,848

814,741

814,741

Materials&Supplies
DebtService

3,136,978

3,010,221

EmployeeBenefits

7,834,789

8,044,238

Interfund Transfers
ProjectedExpenditures

100,000

100,000

$30,406,987

$31,368,192

Note:Theinitialdraftcurrently doesnotincludeanyprogrammatic/
staffingadditionstoor reductionsfromthe20132014budget.

1/24/2014

20132014
Adopted

20142015
InitialDraft

ProjectedExpenditures

$30,406,987

$31,368,192

ProjectedRevenues

$30,406,987

$29,794,859

ProjectedBudgetGap

$ 0

$ 1,573,333

1%TaxLevyIncrease
RemainingGap
ProjectedBudgetGap

(173,653)
1,399,680
$

1,573,333

10

1/24/2014

ProjectedBudgetGap
2%TaxLevyIncrease
RemainingGap

1,573,333
(347,306)
1,226,027

ProjectedBudgetGap
3%TaxLevyIncrease
RemainingGap

1,573,333
(520,959)
1,052,374

11

1/24/2014

ProjectedBudgetGap
4%TaxLevyIncrease
RemainingGap

1,573,333
(694,612)
878,721

ProjectedBudgetGap
5%TaxLevyIncrease
RemainingGap

1,573,333
(868,265)
705,068

12

1/24/2014

ProjectedBudgetGap
6%TaxLevyIncrease
RemainingGap

1,573,333
(1,041,918)
531,415

ProjectedBudgetGap
7%TaxLevyIncrease
RemainingGap

1,573,333
(1,215,571)
357,762

13

1/24/2014

ProjectedBudgetGap
8%TaxLevyIncrease
RemainingGap

1,573,333
(1,389,224)
184,109

ProjectedBudgetGap
9%TaxLevyIncrease
RemainingGap

1,573,333
(1,562,877)
10,456

14

1/24/2014

ProjectedBudgetGap
9.06%TaxLevyIncrease
RemainingGap

1,573,333
(1,573,333)
0

Itsobviousthata9.06%increaseinthetaxlevyisnotanoption
Othertoolsavailabletousinclude:
Outstandingexpensesidevariables
Reductionsthroughattrition
Otherexpensesidereductions

Increaseinstateaidthrough
legislativeprocess
Additionaluseofreserves

???

15

1/24/2014

SquareMilesin
District
Sparsity Count
Enrollment

Free/Reduced
Lunch
StateAid
Factors

Extraordinary
Needs
LimitedEnglish
Proficient

PropertyWealth
WealthFactors
IncomeWealth

$2,376,745
28,386
272,863
1,994,322
$4,672,316

RetirementContributionReserve
UnemploymentInsuranceReserve
EmployeeBenefit&AccruedLiabilityReserve
UnappropriatedFundBalance
TotalReserveFundsAvailable

Whywouldwenotusereservestofund anyoutstandingbudgetgaps?
Wecan,aslongasreserves areusedresponsiblyandnotasashortterm
solutiontoalongtermproblem.

16

1/24/2014

AdditionalReferendums MoretoFollow

PurchaseofBuses

WhattoExpectThroughouttheBudgetProcess

Informationorganizedtoensurethatweallknowwherewestandinthebudgetprocess

Asvariablesaresolidified,ChronologicalBudgetSummarywillbemodifiedtoreflect
changes.Eachbudgetpresentationwillprovideupdatedinformationregardingall monetary
revisions.

Baselinedata(detailsprovidedinRevenueandExpendituresections)willnot beupdated
throughoutthebudgetprocess.Oncethebudgetisfinalizedallworksheetswillbeupdated
toreflectadoptedbudgetfigures.

BetweenNowandApril

Awaitinformationregarding:
o retirementcontributionrates
o healthinsurancepremiums
o passageofstatebudget

17