Welcome

The following slides describe in detail the superintendent’s revised budget proposal. The revision is based on an increase in State Aid funding received last week and other adjustments that enabled us to decrease the budget originally proposed on March 5th.

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Budget 2013 – 2014 The proposed budget asks the community to override the Tax Levy Cap in order to preserve our programs.

For an average house in Ardsley:Staying within the Tax Levy Cap will result

in a tax increase of $407 and will require substantial cuts to our programs;

This proposed budget will increase taxes by an additional $361 over the Tax Levy Cap for a total of $769 and will improve and preserve programs.

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Changes to Proposed Budget Our State Aid was increased by $235K;

An increased rate for Nonresident Tuition Fees will result in $40K additional revenue;

SW BOCES recalculated anticipated BOCES Aid on April 4th resulting in an increase of $53K in aid;

Special Education spending in BOCES has been recalculated based on actual expenditures resulting in a savings of $75K;

Due to refinancing of bonds, the District will save $65K in 2013-14.

Total: $328K in Increased Revenues and $140K in Reduced Expenses

Preliminary Budget

•Total Budget $61,315,929

•Budget Increase $3,320,168

•Budget % Increase 5.72%

•Tax Levy Increase $2,655,565

•Tax Levy % Increase 5.72%

•Tax Levy Limit 3.31%

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Projected RevenueA tax levy is the amount of the school budget paid by the taxpayers

Local Tax Levy;

49069054.242798;

80%

State Aid; 5692941;

9%

Misc. Revenue; 4773934;

8%

Fund Balance; 1780000; 3%

TOTAL $61,315,929

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Revenue Summary2012-13 2013-14

REVENUE SUMMARY Budget Budget

TOTAL MISCELLANEOUS REVENUES 4,875,347 4,773,934

TOTAL STATE AID REVENUES 5,231,925 5,692,941

APPROPRIATED FROM RESERVE 475,000 780,000

APPROPRIATED FUND BALANCE   1,000,000 1,000,000

AMOUNT TO BE RAISED BY PROPERTY TAX   46,413,489   49,069,054

   

TOTAL REVENUES $ 57,995,761 $ 61,315,929

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Non Property Tax Revenues2012-13 2013-14

Budget Budget

   

County Sales Tax 410,000 416,061

Day School Tuition-Individuals 255,000 280,000

Recreation 660,000 675,000

Day School Tuition-Other Districts 2,700,000 2,700,000

Quad Village Transportation 280,347 174,350

Other Dists & Gov'ts 85,000 85,000

Facilities Use 185,000 193,523

Other Revenue 300,000 250,000

State Aid 5,231,925 5,692,941

   

TOTAL NON-PROPERTY TAX REVENUES  $ 10,107,272   $ 10,466,875

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External Cost Increases Beyond Our Control

 

BOCES Costs� 5.30%    Employee Retirement System (ERS) 2%   Teachers Retirement System (TRS) � 4.41%   Health Insurance Costs� 7.25%   

Uncontrolled Cost Increase to Budget $1,775,869

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External Uncontrolled Costs

These costs alone, totaling $1,775,869, would require a 3.62 % increase in the Tax Levy, which is over the Tax Levy Cap of 3.31%.

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District Needs for 2013-2014Maintain present programs and

offerings;Class sizes aligned with the BOE

Policy;Increase security;Increase supervision at CRS;Restore clerical support;

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District Needs for 2013-2014 Continued

AMS Wireless Project – enables District to meet new State requirement mandating electronic testing for State assessments;

Add a part-time public relations position to improve communication and promote the District.

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Cost of Additions = $775,680Two Teachers at CRS $183,000Teaching Assistant at CRS $55,400Security Guards $120,000Two Lunch Monitors at CRS $20,568Facilities Clerical Position $71,442Special Education Support $9,000Part Time Public Relations $36,270

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Additions - continued

AMS Wireless Project $280,000

This technology project will be funded through money presently in our Reserve Funds. This expenditure has NO impact on the Proposed Tax Levy. A wireless environment is needed to meet proposed new State assessment requirements and will enable us to offer students more 21st Century opportunities on a daily basis in their classrooms.

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Projected Expenses

Program; 48671008.3353226; 79%

Administra-tive;

5170456.95602986; 8%

Capital; 7474463.95144544; 12%

TOTAL $61,455,615

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The Cost of Maintaining Ardsley’s Programs The average budget increase over the last 5 years is

2.02% as a result of the following reductions:

20 Teaching Positions;17.5 Teaching Assistant Positions;12 Teacher Aides Positions;2 Security Guards;1 Clerical Position;1 Maintenance Position;6 Night Cleaners;Bus Monitors.

This has impacted our educational infrastructure and our facilities

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The Cost of Maintaining Ardsley’s Programs

$361 = The difference between the Proposed Budget (overriding the Tax Levy Cap) and a budget at the Tax Levy Cap for an average home valued at $654,000 and assessed at $18,312

The school tax bill for the average home in the Proposed Budget should we override the Tax Levy Cap would be $13,080

The school tax bill for the average home at the Tax Levy Cap would be $12,719

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The Cost of Maintaining Ardsley’s Programs

To stay within the allowable Tax Levy Cap increase of 3.31%, we would need to eliminate all suggested additions:

Two Teachers at CRS $183,000 Teaching Assistant at CRS $55,400 Security Guards $120,000 Two Lunch Monitors at CRS $20,568 Facilities Clerical Position $71,442 Special Education Support $9,000 Public Relations $36,270

Plus, an additional $344,320 in reductions would be required.

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Tax History and Implications

For a house with an assessment of $18,312 and a fair market value of $654,000, the annual increase will be $769 with the override and $407 at the Tax Levy Cap.

Budget Budget Tax Levy Assessed Tax

Year Budget Increase Levy Increase Value Rate

2009-10 $56,880,000 1.20% $43,689,240 1.95% $72,803,218 $600.10

2010-11 $56,247,000 -1.11% $44,789,656 2.52% $70,806,097 $632.57

2011-12 $57,110,527 1.54% $45,445,954 1.47% $68,624,996 $662.24

2012-13 $57,995,761 1.55% $46,413,489 2.13% $68,796,034 $674.65

2013-14 $61,315,929 5.72% $49,069,054 5.72% $68,694,498 $714.31

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Average Taxes for Ardsley

For a home with an average assessed value of $18,312, taxes would be $13,080 in 2013-14

Year Assessment Taxes Increase

2011-12 18,312 $12,127 $296

2012-13 18,312 $12,312 $185

2013-14 18,312 $13,080 $769

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Revised Tax Cap Calculation1) Prior Year Tax Levy 46,413,489.00

x

2)1 + Tax Base Growth Factor (provided by Commissioner of Tax & Finance by February 15th.) 1.00

Sub-Total 46,548,088.12+

3) PY PILOTS 3,263.04-

4) PY Levy for Judgements over 5% of total tax levy 0.00PY Capital Tax Levy 1,965,800.03

=

PY TAX LEVY LIMIT 44,585,551.13x

5) Allowable Levy Growth Factor (1 + inflation factor, up to 2%) 1.02

Sub-Total 45,477,262.15-

6) CY PILOTS 3,306.56+

CY TAX LEVY LIMIT (to be submitted to State Comptroller, Commissioner of Tax & Finance and the Commissioner of Education by March 1st) 45,473,955.59

+CY Levy for excess increases to TRS 688,760.12CY Capital Tax Levy 1,787,349.61

=

ALLOWED TAX LEVY WITH 50% plus 1 approval 47,950,065.33

ARDSLEY Levy % Increase Allowed 3.31%