PACSBUDGETHEARING

MAY 12, 2015

PULASKI ACADEMY & CENTRAL SCHOOL

FOUNDATION AID HISTORY, 2008-09 THROUGH 2014-15

Enacted State Budget/ School Year

State Enacted Aid for PACS

Full Phase-in Level

2008-09 $9,251,877 $12,405,103

2009-10 $9,251,877 $12,300,385

2010-11 $9,251,877 $12,318,933

2011-12 $9,251,877 $13,314,636

2012-13 $9,320,047 $13,421,501

2013-14 $9,347,598 $13,218,766

2014-15 $9,492,619 $12,712,362

PACS 6 YEAR GEA HISTORY( GAP ELIMINATION ADJUSTMENT)

SCHOOL YEAR GEA GEA RESTORATION

NET GEA

2010-11 (1,010,950) 343,238 (667,712)

2011-12 (1,456,728) 89,310 (1,367,418)

2012-13 (1,367,418) 341,854 (1,025,564)

2013-14 (1,025,564) 351,942 (673,622)

2014-15 (673,622) 450,133 (223,489)

2015-16 (223,489) 217,842 (5,647)

TOTAL 6 YEAR GEA REDUCTION (3,963,452)

TOTAL SALARIES41%

TOTAL FRINGE BEN-EFITS27%

TOTAL DEBT SER-VICES13%

TOTAL BOCES SER-VICES

9%

TOTAL UTILITIES & FUEL

3%TOTAL OTHER

7%

2015-16 PACS BUDGETED EXPENDITURES BY CATEGORY

PACS PROPOSED BUDGET 2015-16      2014-15 BUDGET   2015-16 BUDGET  

EXPENDITURES          

General Support $2,833,695 $2,833,805 

Instruction 10,111,405 10,506,420 

Pupil Transportation 1,099,850 1,129,135 

Community Services 7,985 7,985 Undistributed; Benefits & Debt Service 9,567,065 9,622,655 

Total - Expenditures $23,620,000 $24,100,000 

REVENUE            

State Aid  

Foundation/Net of GAP Elimination Adj. $9,269,130 $9,611,188 Hardware & Software Aid 37,695 38,092 

Transportation Aid 1,100,000 1,110,000 

BOCES Aid 1,053,975 1,049,685 

Library & Text Aid 68,615 69,422 

Building Aid 2,418,700 2,457,969 

High Cost & Private Excess Cost Aid 253,000 275,000 

Total - State Aid $14,201,115 $14,611,356 

Real Property Taxes  

Tax Levy $6,399,885 $6,399,114 

Pilots $195,500 $258,000 

Tax Penalty 25,000 25,000 

Total - Taxes $6,620,385 $6,682,144 

Other Income  Debt Service 450,000 450,000 

Interest on Deposits 15,000 15,000 

Miscellaneous 483,500 491,500 

Reserves 850,000 850,000 

Appropriated Fund Balance 1,000,000 1,000,000  Total - Other Income $2,798,500 $2,806,500 

Total - Revenue $23,620,000  $24,100,000 

Allowable Tax Levy Limit w/o Supermajority:(.01%)

Tax Levy Limit 2015-2016: $6,399,144

Tax Levy 14-15 $6,399,885 Proposed Tax Levy

(.01% Decrease) $6,399,144 Proposed Decrease: $ 741

2015-16 TAX LEVY LIMIT

TAX LEVY IMPACTWHAT DOES THIS MEAN TO THE INDIVIDUAL TAXPAYER

Tax Levy = total amount of revenue raised through the collection of property taxes within the district

Individual property school tax is based on:

1. Tax Levy: School Determined 2. Equalization Rate: State

Determined 3. Assessment: Local Town Assessor

TownshipActual

2014-15Projected2015-16

$ Change % Change

Albion $20.93 $20.87 ($.06) -0.3%Richland $23.00 $22.93 ($.07) -0.3%Sandy Creek $20.93 $20.87 ($.06) -0.3%

 

Example: Town of Richland: Assessed Value: $85,000    Star Exemption: -$27,300    Taxed Value: $57,700  

 

Tax Bill2014-15$1,327

2015-16$1,323

$ Change($4) per year

% Change-0.3%

TAX RATE ESTIMATEESTIMATED TAX RATE PER $1,000 ASSESSED VALUATION

Questions?

Please Vote!!VOTE

Lura M. SharpELEMENTARY BAND ROOM

Tuesday, May 19, 20158:00 A.M. – 8:00 P.M.

18 years of age, U.S. CitizenSchool District Resident

for 30 days prior to the vote

Personal Identification isrequired.