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2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007. Budget Vote May 15, 2007 7:00 a.m. – 9:00 p.m. School Library. 2007-2008 SCHOOL BUDGET Significant Budgetary Considerations. Impact Of Tax Certiorari Claims/Settlements Changes In Assessed Valuation - PowerPoint PPT Presentation
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2007-2008 Board Adopted School Budget
PTA Presentation April 18, 2007Amended April 19, 2007
Budget Vote May 15, 2007
7:00 a.m. – 9:00 p.m. School Library
2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations
1. Impact Of Tax Certiorari Claims/Settlements
2. Changes In Assessed Valuation3. Transportation
1. Purchase Of Replacement Buses
4. Incarcerated Youth1. Increase In Allocation/Increase In
Resulting State Aid
2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations
5. Health Insurance Increases6. Salary Increases7. Retirement Cost Increases8. Workers Compensation/Liability
Insurance Cost Increases9. High School Tuition Increases
2007-2008 March 6, Draft # 1 Budget$22,284,194
The Initial Draft Budget Provides for: Budget to Budget Increase of 9.28% Projected Tax Rate Increase:
With Assessment Changes:Greenburgh
18.72%
Mt. Pleasant18.20%
Without Assessment Changes:Greenburgh 7.50%
Mt. Pleasant 7.03%
2007-2008 March 12 Draft # 2 Budget$21,830,565
Draft # 2 Budget dated Provides for: Budget to Budget Increase of 7.05% Projected Tax Rate Increase:
With Assessment Changes:Greenburgh
16.34%
Mt. Pleasant15.83%
Without Assessment Changes:Greenburgh 5.35%
Mt. Pleasant 4.88%
2007-2008 March 14 Draft # 3 Budget$22,041,265
Draft # 3 Budget Dated Provides for: Budget to Budget Increase of 8.09% Projected Tax Rate Increase:
With Assessment Changes:
Greenburgh 17.09%
Mt. Pleasant 16.57% Without Assessment Changes:
Greenburgh 6.02%
Mt. Pleasant 5.55%
2007-2008 March 26, Draft # 4 Budget$21,724,610
The Draft 4 Budget Provides for: Budget to Budget Increase of 6.53% Projected Tax Rate Increase:
With Assessment Changes:Greenburgh
15.02%
Mt. Pleasant14.51%
Without Assessment Changes:Greenburgh 4.09%
Mt. Pleasant 3.63%
2007-2008 Adopted Budget April 10, $21,604,610
The Adopted Budget Provides for: Budget to Budget Increase of 5.95% Projected Tax Rate Increase:
With Assessment Changes:Greenburgh
14.21%
Mt. Pleasant13.71%
Without Assessment Changes:Greenburgh 3.36%
Mt. Pleasant 2.90%
2007-2008 Adopted Budget$21,604,610
Budgeted Revenue
Property Taxes78.47%
Summer Camp1.41%
Fund Balance2.04%
State Aid15.90%
Other2.18%
2007-2008 Adopted BudgetHighlights of The Budget
Technology (IPA) $ 449,237 Tractor Replacements $ 43,270 Replacement of 2 large buses $ 50,000
(Interest & Principal) Interscholastic Program $ 45,398 Summer Camp $ 260,688 Swim Program $161,754 After School Program $ 52,948
Summary of Budgetary Increases/ (Decreases)
Adopted Budget Salaries $ 248,424 Tuition $ 677,658 Benefits $ 186,536 Equipment
$ ( 1,014) Contractual $ 7,534 Supplies $ ( 29,461)
Textbooks $ (43,313) BOCES $ 129,932
Incarcerated Youth$ 437,425 Debt Service $ 48,866 Capital Projects $ (450,000) Total $ 1,212,587
Impact of Change In Assessment2007-2008
2.90
13.71
3.36
14.21
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
Mt Pleasant Greenburgh
Tax Rate WithoutAssessment ChangeTotal Tax Rate
Percentage Change in Tax LevyWestchester County School Districts
2007-2008 as of 4-18-071. 8.50% 12. 6.30%2. 8.45% 13. 6.27%3. 8.27% 14. 5.90%4. 7.73% 15. 5.62%5. 7.55% 16. 5.60%6. 7.44% 17. 5.30%7. 6.94% 18. 4.67%8. 6.79% 19. 4.53%9. 6.69% 20. 4.29%10. 6.63% 21. 3.15% Pocantico Hills11. 6.54% 22. 2.71%
Average 6.08%
Tax Rate Comparison 2006-2007 Tax Rates
School True Value Taxes onDistrict Tax Rate $500,000 Index
1 19.08 $9,540 2.6910 15.75 $7,875 2.2220 14.64 $7,320 2.0630 12.46 $6,230 1.7540 10.56 $5,280 1.4945 8.78 $4,390 1.24
Pocantico 7.10 $3,550 1.00
2007-2008 Adopted BudgetIncrease
Total Budget to Budget Increase 5.95% Mandated, Or Mandated By Community
Expectations 5.31% Increase In Non Mandated Costs .64% Total 5.95%
2007-2008 Adopted Budget$21,604,610
Total Budget $21,604,610 Mandated, Or Mandated By Community
Expectations $21,364,179 98.89%
NonMandated Costs $ 240,431 1.11% Total $21,604,610 100.00%
Mandated and/or Mandated by Community Expectations
Board of Education ($6,150)
District Clerk ($3,000)
District Meeting $ 3,800
Central Administration $19,379
Auditing ($ 875)
Treasurer ( $ 967)
Legal $15,213
Mandated, and/or Mandated by Community Expectations
Public Information Services ($ 7,550)
Maintenance & Operations $101,446
Postage $ 2,463
Liability Insurance $ 4,487Student Accident Insurance
School Association Dues $ 1,137
Mandated, and/or Mandated by Community Expectations
Assessment on School Property ($ 14,251)
Refund of Real Property Tax $ 7,299
BOCES Administrative Costs $ 3,751
Instruction & Supervision $509,775Foreign Language
Pre Kindergarten
Kindergarten
Art – Required for Middle School only
Music – Required for Middle School only
Mandated, and/or Mandated by Community Expectations
Programs for Students With Disabilities $651,372
Academic Intervention Services $ 17,930
Library Services ($19,996)Library Book Replacement
State Aided Computer Assisted Instr. $150,7313rd Year IPA
Pupil Personal Services Program ($4,662)Interscholastic Athletics ($4,067)
Mandated, and/or Mandated by Community Expectations
Transportation $16,071Bus Monitors
Community Service ($ 4,938)Community Recreation (Pool)Summer CampAfter School Program
Employee Benefits $186,536Debt Service $ 48,866INTERFUND Transfers ($450,000)
Lunch Fund
Total Budget Increase $1,212,589 5.95%
2007-2008 Budgetary Items Not Mandated
Clerical Overtime $ 7,500
Custodial Overtime $ 41,000
Custodial Equipment $ 46,470
Instructional Supervision $ 13,400
In-Service Training $ 58,598
Assessed Valuation HistoryMt. Pleasant Greenburgh
2003-04 16,715,484 41,933,416
2004-05 16,631,073 41,723,576
2005-06 16,248,572 40,879,798
2006-07 15,870,156 40,827,504
2007-08 est. 15,274,065 34,961,691
06-07/07-08
Change (596,091) (5,865,813)
Tax Rate Impact: 10.81% 10.85%
Assessed Valuation Mt. PleasantAfter Tax Certiorari Claim Settlements
Decrease of $596,091
Mt Pleasant
14,500,000
15,000,000
15,500,000
16,000,000
16,500,000
17,000,000
2003-04 2004-05 2005-2006
2006-2007
2007-2008
Mt Pleasant
Assessed Valuation – GreenburghAfter Tax Certiorari Claim Settlements
Decrease of $5,825,813
Greenburgh
30,000,000
32,000,000
34,000,000
36,000,000
38,000,000
40,000,000
42,000,000
44,000,000
2003-04 2004-05 2005-2006
2006-2007
2007-2008
Greenburgh
Adopted Budget 2007-2008 Budget Deletions From Initial Draft
A1010-BOARD OF EDUCATION Page 4
400-CONTRACTUAL EXPENSES $ 7,355
450-Supplies & Materials $ 2,000 $9,355
A1040-District Clerk Page 4400-Contractual Expenses $ 8,000 $8,000
A1240 – SUPERINTENDENT Page 5
200-Equipment $ 3,000
400-Contractual Expenses $ 1,200
450-Supplies & Materials $ 1,900 $6,100
Adopted Budget 2007-2008 Budget Deletions From Initial Draft
A1310-Business Administration Page 6160-Non Instructional Salaries $ 7,500
450-Materials & Supplies $ 1,500
490-BOCES Service $ 2,500$11,500$11,500
A 1325-Treasurer Page 6
160 Non-Instructional Salary $ 5,000 $ 5,000
A1380-Fiscal Agent $ 650 $ 650
Adopted Budget 2007-2008 Budget Deletions From Initial Draft
A1480-Public Information Services Page 8400-Contractual Expenses $ 500
450-Materials & Supplies $ 2,500 $ 3,000
A1620- CENTRAL SERVICES Page 9
400-Contractual Expenses $ 53,750
450-Materials & Supplies $ 4,000 $57,750
A1621- Maintenance Page 9160-Non Instructional Salaries $ 1,000 $ 1,000
Adopted Budget 2007-2008 Budget Deletions From Initial Draft
A2020-INSTRUCTIONAL SUPERVISION Page 12
160 - Non Instructional Salaries $ 2,500
400- Contractual $ 2,000$ 4,500
A2110 – TEACHING REGULAR SCHOOL Page 12120-Teacher Salary 1-5 $ 268,559
160-Non Instructional Salaries $ 19,110
200-Equipment $ 25,935
400-Contractual $ 33,520
450-Materials & Supplies $ 57,831
480-Textbooks $ 50,210$ 455,165
Adopted Budget 2007-2008 Budget Deletions From Initial Draft
A2250- STUDENTS WITH DISABILITES Page 13150-Instructional Salaries $ 5,000160-Teacher Aide $ 19,110
200-Equipment $ 1,000400-Contractual Expenses $ 4,330450-Materials & Supplies $ 1,000 $30,440
A2610-SCHOOL LIBRARY & AV Page 14400-Contractual Expenses $ 1,180450-Materials & Supplies $ 16,125 $17,305
Adopted Budget 2007-2008 Budget Deletions From Initial Draft
A2630-Computer Assisted Instruction Page 14200-Equipment $10,000
400-Contractual $ 5,000
490-BOCES SERVICES $12,506 $22,506
A2800 – Pupil Personal Services Page 15
150-Instructional Salaries $10,500
160-Non Instructional Salaries $ 2,125
200-Equipment $ 700
400-Contractual $ 1,000
450-Materials & Supplies $ 4,000 $18,325
Adopted Budget 2007-2008 Budget Deletions From Initial Draft
A2855-INTERSCHOLASTIC ATHLETICS Page 15 160-Non Instructional Salaries $ 5,000 450-Materials & Supplies
$ 1,000 $ 6,000
A8070-CENSUS Page 17400-Contractual $ 15,000460-Software $ 2,048490-BOCES Services $ 5,940 $22,988
TOTAL $679,5842007-2008 Initial Draft $22,284,1942007-2008 Adopted Budget $21,604,610Difference $ 679,584
Tax Rate Impact 2007-2008 Adopted Budget
Greenburgh
Assessed 2006-07 2007-08 Annual MonthlyFMV Value Taxes Projected Increase
Increase 100,000 3,050 663 758 94 8 250,000 7,625 1,659 1,895 236 20 500,000 15,250 3,317 3,789 472 39 750,000 22,875 4,976 5,684 707 591,000,000 30,500 6,635 7,578 943 79
Note: Assumes same assessed value in 2006-2007 and 2007-2008
Tax Rate Impact 2007-2008 Adopted Budget
Mt. Pleasant Assessed 2006-07 2007-08 Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 1,400 666 758 91 8 250,000 3,500 1,666 1,895 228
19 500,000 7,000 3,332 3,789 457 38 750,000 10,500 4,998 5,684 685 571,000,000 14,000 6,664 7,578 914 76 Note: Assumes same assessed value in 2006-2007 and 2007-2008
Contingency BudgetsSingle revote: Upon the defeat of the original proposed school budget, a district may resubmit the original budget, submit a revised budget, or adopt a contingency budget. If the voters fail to approve the budget upon the second vote, the district must adopt a contingency budget. Expanded definition: Interscholastic athletics, field trips, other extracurricular activities, and related transportation expenses are contingent expenses.
Contingency Budgets
Administrative cap: The administrative component of a contingency budget will be limited to the lesser of: 1) the percentage of the administrative component in the prior year’s budget or 2) the percentage of the administrative component in the last defeated proposed budget. Cap on total spending: Total spending under a contingency budget may not increase by more than 120 % of national CPI or 4.00%, whichever is lower. For 2007-08 the cap is 3.84 %.
2007-2008 Contingency Budget How the contingency/austerity budget cap is
calculated: 2006-2007 Adopted Budget$19,916,971 Less Debt Service $
( 489,309) Adjusted Base Year Budget$19,427,662
2007-2008 Contingency Budget How the maximum contingency/austerity budget cap is
calculated: Adjusted Base Year Budget $19,427,662 Adjusted Budget x 120% of CPI 3.84%
$20,173,684 Debt Service $ 538,175 Growth Related Expenditures $ 726,925 Maximum Contingency Budget $21,438,784 Required Budgetary Cuts $ 165,826
Possible Areas of Expense Reduction All Budgetary Items will Be Considered
Items listed below are not in Priority Order Non Mandated Academic Programs Student Supplies Community Use of Buildings and Grounds Certain Equipment Software Staff Technology Overtime Field Trips Summer Camp/Swim Program
Tax Rate TableBUDGET AMOUNT IMPACT ON TAX RATE$ 100,000 .68%
$ 150,000 1.00%
$ 250,000 1.69%
$ 500,000 3.37%
$ 750,000 5.05%
$ 1,000,000 6.74%