2007-08 Budget Proposal Our goal is to develop a comprehensive budget that balances the educational needs of our students ...
<ul><li>Maintain Facilities and Capital Assets </li></ul><ul><li>Strategic Planning </li></ul><ul><li>Improve Student Perf...
<ul><li>Technology Integration </li></ul><ul><li>Communication & </li></ul><ul><ul><li>Public Information </li></ul></ul><...
<ul><li>Cost Saving Strategies </li></ul><ul><li>Transition Cost to BOCES </li></ul><ul><li>Increased Monitoring of Specia...
Where Do the $ Go? Salaries & Benefits  66.7% BOCES Services 16.6% Bond Principal & Interest   7.0% Maintenance & Bus Gara...
What are the Increases This Year?
Revenue Projection State Aid  $10,244,883 Tax Levy $  4,623,131 Building Aid   $  998,399 Approp. Fund Balance $  430,000 ...
Revenue Comparison
Proposition #2 <ul><li>2 School Buses and 1 Van </li></ul><ul><li>Total Cost:  $209,144 </li></ul><ul><li>No Effect on 08-...
Proposition #3 Building Capital Reserve Fund <ul><li>Savings Account for Future Project </li></ul><ul><li>Offset Local Sha...
TAX LEVY
ESTIMATED TAX RATE
The Financial Picture Proposed Budget   Increase Operational:  $15,375,702   4.78% Debt Service:  $ 1,270,790   4.33% Tota...
Contingency Budget <ul><li>Groton’s Contingency Calculation Result is Higher than Proposed Budget </li></ul><ul><li>Mandat...
STAR <ul><li>Enhanced STAR  (qualifying taxpayers over 65 must apply annually)  reduces taxable assessments by $56,000 and...
STAR Rebate <ul><li>Homeowners receiving Enhanced STAR will receive a 25% increase from last year </li></ul><ul><li>Homeow...
Questions?
<ul><li>Vote: Tuesday, May 20 th </li></ul><ul><ul><ul><ul><li>12:00 – 9:00 PM </li></ul></ul></ul></ul><ul><ul><ul><ul><l...
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GCS - 08 09 Public Hearing

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GCS Budget Hearing

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GCS - 08 09 Public Hearing

  1. 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. 2. <ul><li>Maintain Facilities and Capital Assets </li></ul><ul><li>Strategic Planning </li></ul><ul><li>Improve Student Performance </li></ul>Priorities <ul><li>Strategic Planning </li></ul><ul><li>Student Performance </li></ul>Priorities <ul><ul><li>Fiscal Stability </li></ul></ul><ul><li>Organizational Efficiency </li></ul>
  3. 3. <ul><li>Technology Integration </li></ul><ul><li>Communication & </li></ul><ul><ul><li>Public Information </li></ul></ul><ul><li>Wellness & </li></ul><ul><li>Conditioning </li></ul>Priorities <ul><li>Facilities & Capital Assets </li></ul>
  4. 4. <ul><li>Cost Saving Strategies </li></ul><ul><li>Transition Cost to BOCES </li></ul><ul><li>Increased Monitoring of Special Ed. Costs </li></ul><ul><li>Reassignment of Staff </li></ul><ul><li>Expand Position to Libr. Media Specialist </li></ul><ul><li>Develop Internal Expertise </li></ul><ul><li>Share Promising Practices </li></ul><ul><li>Provide Ongoing Training & Support </li></ul><ul><li>Develop Five-Year Facility Plan </li></ul><ul><li>Develop Partnerships </li></ul>
  5. 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. 6. What are the Increases This Year?
  7. 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. 8. Revenue Comparison
  9. 9. Proposition #2 <ul><li>2 School Buses and 1 Van </li></ul><ul><li>Total Cost: $209,144 </li></ul><ul><li>No Effect on 08-09 Levy </li></ul><ul><li>Borrowed Funds to be Repaid over 5 Years </li></ul><ul><li>State Aid will be Received over 5 Years: 83-85% </li></ul>
  10. 10. Proposition #3 Building Capital Reserve Fund <ul><li>Savings Account for Future Project </li></ul><ul><li>Offset Local Share </li></ul><ul><li>No Effect on Tax Levy </li></ul><ul><li>Transfer Money from Unplanned Revenues </li></ul><ul><li>Used Only with Voter Approval of Capital Project </li></ul>
  11. 11. TAX LEVY
  12. 12. ESTIMATED TAX RATE
  13. 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. 14. Contingency Budget <ul><li>Groton’s Contingency Calculation Result is Higher than Proposed Budget </li></ul><ul><li>Mandatory if Budget Defeated Twice by Voters </li></ul><ul><li>Calculation Established by Law </li></ul><ul><li>Limits Budget Increase to 3.36% plus Debt Service and NYS Foundation Aid Increase </li></ul><ul><li>Only Cuts to Equipment and Certain Non-Contractual Salary Increases Would Be Required – Totaling $59,486 </li></ul><ul><li>District Must Charge Public for Any Costs Incurred for Use of Facilities </li></ul>
  15. 15. STAR <ul><li>Enhanced STAR (qualifying taxpayers over 65 must apply annually) reduces taxable assessments by $56,000 and will save approximately $1,185 </li></ul><ul><li>Basic STAR (on primary residence) reduces assessment by $30,000 and will save approximately $560 </li></ul>
  16. 16. STAR Rebate <ul><li>Homeowners receiving Enhanced STAR will receive a 25% increase from last year </li></ul><ul><li>Homeowners with Basic STAR will receive same amount as last year. </li></ul><ul><li>Only Taxpayers who are newly eligible or who have moved need to file </li></ul>
  17. 17. Questions?
  18. 18. <ul><li>Vote: Tuesday, May 20 th </li></ul><ul><ul><ul><ul><li>12:00 – 9:00 PM </li></ul></ul></ul></ul><ul><ul><ul><ul><li>District Office </li></ul></ul></ul></ul>

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