Your SlideShare is downloading. ×
0
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
GCS - 08 09 Public Hearing
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

GCS - 08 09 Public Hearing

282

Published on

GCS Budget Hearing

GCS Budget Hearing

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
282
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. 2007-08 Budget Proposal Our goal is to develop a comprehensive budget that balances the educational needs of our students with what taxpayers can afford Dr. Brenda Myers, Superintendent [email_address] 607-898-5301 Sheri Shurtleff, Business Manager [email_address] www.grotoncs.org 2008-09 Budget Proposal Innovation: The Path to Excellence Our goal is to develop a comprehensive budget that balances the educational needs of our students with what taxpayers can afford. Mrs. Miriam Zubal President, Board of Education Dr. Brenda Myers Superintendent
  • 2.
    • Maintain Facilities and Capital Assets
    • Strategic Planning
    • Improve Student Performance
    Priorities
    • Strategic Planning
    • Student Performance
    Priorities
      • Fiscal Stability
    • Organizational Efficiency
  • 3.
    • Technology Integration
    • Communication &
      • Public Information
    • Wellness &
    • Conditioning
    Priorities
    • Facilities & Capital Assets
  • 4.
    • Cost Saving Strategies
    • Transition Cost to BOCES
    • Increased Monitoring of Special Ed. Costs
    • Reassignment of Staff
    • Expand Position to Libr. Media Specialist
    • Develop Internal Expertise
    • Share Promising Practices
    • Provide Ongoing Training & Support
    • Develop Five-Year Facility Plan
    • Develop Partnerships
  • 5. Where Do the $ Go? Salaries & Benefits 66.7% BOCES Services 16.6% Bond Principal & Interest 7.0% Maintenance & Bus Garage 2.3% (Not Including Salaries, BOCES, & Utilities) Utilities 1.6% All Other 5.8%
  • 6. What are the Increases This Year?
  • 7. Revenue Projection State Aid $10,244,883 Tax Levy $ 4,623,131 Building Aid $ 998,399 Approp. Fund Balance $ 430,000 Medicaid $ 105,000 All Other $ 245,079 (Interest, E-Rate, Admissions, Refunds, Misc. Sales, Gas Lease, Tuition, Donations)
  • 8. Revenue Comparison
  • 9. Proposition #2
    • 2 School Buses and 1 Van
    • Total Cost: $209,144
    • No Effect on 08-09 Levy
    • Borrowed Funds to be Repaid over 5 Years
    • State Aid will be Received over 5 Years: 83-85%
  • 10. Proposition #3 Building Capital Reserve Fund
    • Savings Account for Future Project
    • Offset Local Share
    • No Effect on Tax Levy
    • Transfer Money from Unplanned Revenues
    • Used Only with Voter Approval of Capital Project
  • 11. TAX LEVY
  • 12. ESTIMATED TAX RATE
  • 13. The Financial Picture Proposed Budget Increase Operational: $15,375,702 4.78% Debt Service: $ 1,270,790 4.33% Total: $16,646.493 9.11% Tax Levy: $ 4,454,577 4.88%
  • 14. Contingency Budget
    • Groton’s Contingency Calculation Result is Higher than Proposed Budget
    • Mandatory if Budget Defeated Twice by Voters
    • Calculation Established by Law
    • Limits Budget Increase to 3.36% plus Debt Service and NYS Foundation Aid Increase
    • Only Cuts to Equipment and Certain Non-Contractual Salary Increases Would Be Required – Totaling $59,486
    • District Must Charge Public for Any Costs Incurred for Use of Facilities
  • 15. STAR
    • Enhanced STAR (qualifying taxpayers over 65 must apply annually) reduces taxable assessments by $56,000 and will save approximately $1,185
    • Basic STAR (on primary residence) reduces assessment by $30,000 and will save approximately $560
  • 16. STAR Rebate
    • Homeowners receiving Enhanced STAR will receive a 25% increase from last year
    • Homeowners with Basic STAR will receive same amount as last year.
    • Only Taxpayers who are newly eligible or who have moved need to file
  • 17. Questions?
  • 18.
    • Vote: Tuesday, May 20 th
          • 12:00 – 9:00 PM
          • District Office

×