FY 2014 Budget Presentation January 31, 2013. FY 2013 FY 2014 Diff % FY 2013 FY 2014 Diff % Proposed...

FY 2014 Budget PresentationFY 2014 Budget PresentationJanuary 31, 2013January 31, 2013

FY 2013 FY 2014 Diff %FY 2013 FY 2014 Diff %

ProposedProposedOperating BudgetOperating Budget $55,234,395$55,234,395 $56,273,652 $56,273,652 $ 1,039,257 $ 1,039,257 1.9% 1.9% Special Grant Appr. $ 3,018,000Special Grant Appr. $ 3,018,000 $ 3,218,000 $ 3,218,000 $ 200,000 $ 200,000 6.6% 6.6%

Food ServiceFood Service $ 1,770,000 $ 1,770,000 $ 1,770,000 $ 1,770,000 $ 0 0% $ 0 0%__________________________________________________________________________________________________

Grand TotalGrand Total $60,022,395 $60,022,395 $61,261,652 $61,261,652 $ 1,239,257 $ 1,239,257 2.1% 2.1%

Capital Improvement $ 924,000Capital Improvement $ 924,000 $13,204,038 $13,204,038 $ 12,280,038 1329.0% $ 12,280,038 1329.0% Program Program

RevenuesRevenues

FY 2013FY 2013 FY 2014 FY 2014 Diff % Diff %

Local RevenueLocal Revenue $ 2,529,536 $ 2,529,536 $ 2,456,000 ($ 73,536) ( 2.9%)$ 2,456,000 ($ 73,536) ( 2.9%)

State RevenueState Revenue $23,666,108 $23,666,108 $23,731,681 $ 65,573 0.3%$23,731,681 $ 65,573 0.3%

Federal RevenueFederal Revenue $ 533,000 $ 533,000 $ 595,000 $ 62,000 11.6%$ 595,000 $ 62,000 11.6%

TaxTax $28,505,751 $28,505,751 $29,490,971$29,490,971 $ 985,220 3.5%$ 985,220 3.5% ____________________________________________________________________________________

TotalTotal $55,234,395 $55,234,395 $56,273,652$56,273,652 $ 1,039,257 1.9%$ 1,039,257 1.9%

Tax Cap CalculationTax Cap Calculation FY 2013 FY 2013 FY 2014 FY 2014 BudgetBudget BudgetBudget

Expenditures Expenditures $ 55,234,395$ 55,234,395 $ 56,273,652 $ 56,273,652Less: Revenues Less: Revenues $ 31,659,092$ 31,659,092 $ 31,622,350 $ 31,622,350

______________________ __________ __________To be Raised in TaxesTo be Raised in Taxes $ 23,575,303$ 23,575,303 $ 24,651,302 $ 24,651,302State Education TaxesState Education Taxes $ 4,930,448$ 4,930,448 $ 4,839,669 $ 4,839,669

________________________ ___________ ___________Total TaxesTotal Taxes $ 28,505,751$ 28,505,751 $ 29,490,971 $ 29,490,971

CPI Increase CPI Increase $ 598,621 2.10%$ 598,621 2.10%New ConstructionNew Construction $ 386,599$ 386,599

______________________Total IncreaseTotal Increase $ 985,220 3.46%$ 985,220 3.46%

FY 2014 Tax Cap Calculation FY 2014 Tax Cap Calculation $ 29,490,971$ 29,490,971

Capital Improvement Program

$ 12,990,400$ 12,990,400

$ 213,638$ 213,638______________________$ 13,204,038$ 13,204,038

Bonded CIPBonded CIP

Cash CIPCash CIP

Total Capital ImprovementsTotal Capital Improvements

Current Level of Service Budget

Tax Cap CalculationTax Cap Calculation FY 2013 FY 2013 FY 2014 FY 2014 BudgetBudget BudgetBudget

Expenditures Expenditures $ 55,234,395$ 55,234,395 $ 57,874,071 $ 57,874,071Less: Revenues Less: Revenues $ 31,659,092$ 31,659,092 $ 31,622,350 $ 31,622,350

______________________ __________ __________To be Raised in TaxesTo be Raised in Taxes $ 23,575,303$ 23,575,303 $ 26,251,721 $ 26,251,721State Education TaxesState Education Taxes $ 4,930,448$ 4,930,448 $ 4,839,669 $ 4,839,669

________________________ ___________ ___________Total TaxesTotal Taxes $ 28,505,751$ 28,505,751 $ 31,091,390 $ 31,091,390

CPI Increase CPI Increase $ 598,621 2.10%$ 598,621 2.10%New ConstructionNew Construction $ 386,599$ 386,599

______________________Total IncreaseTotal Increase $ 985,220 3.46%$ 985,220 3.46%

FY 2014 Tax Cap Calculation FY 2014 Tax Cap Calculation $ 29,490,971$ 29,490,971

Total Effect on TaxesTotal Effect on Taxes $ 1,600,419$ 1,600,419

$ 456,000

(171,020) 304,000

93,076 304,000 76,000

37,673 76,000 76,000 95,476 39,968 152,000 61,246$ 1,600,419

Elementary6 Reading Teachers/Specialists (William Allen, Chamberlain, East Rochester, Gonic,

and 2 at McClelland)Add 10 Paraprofessionals

Middle School4 Teachers (Excel, Tech Ed, Music, World Language)

High SchoolAssistant Principal4 Teachers (Math, English, Science, Spanish)

Bud CarlsonTeacher

DistrictMainstream LiaisonPsychologistOccupational TherapistSpecial Ed Coordinator/PreschoolSpecial Ed Secretary2 Speech PathologistsCIC – System Technician

Total

Reductions/Additions in Personnel