2012-13 BUDGET      THE CURRENT OUTLOOK      & OPTIONS
2012-13 BUDGET Current 2011-12 Budget = $ 20,380,584 Rollover 2012-13 Budget = $ 21,156,950         $ Increase      = $   ...
2012-13 BUDGET Revenue Comparison                   2011-12       2012-13        $ Diff        % DiffState Aid           $...
2012-13 BUDGET Change in Expenditures   (Increase)             $ 766,366 Change in Revenue   (Decrease)              ($73,...
2012-13 BUDGET Expenditure Assumptions   Professional Salaries     + 2%   Staff Salaries            + 2.8%   Equipment bud...
2012-13 BUDGETThe Major Cost Drivers Health Ins up 17%           = $ 404,000 Retirements Costs  –   ERS up 20%            ...
2012-13 BUDGET - Limited       Revenue GrowthEst Property Tax Cap Limit = +(-) $ 185,000Est State Aid Increase     = +(-) ...
2012-13 BUDGET Summary of MajorFactors of Shortfall    Summary of Major Cost Incr = $ 818,500    Net Major Revenue Change ...
Sound, Basic Education for All
Sound, Basic Education for All
NYS Education System is Highly RankedNYS is ranked 3rd overall at 83.9
2012-13 BUDGET  Ways to Balance   Lobby for Additional State Aid-Feb. 3rd and 11th   Additional Supply Cuts   Additional E...
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January 25, 2012 Budget Presentation

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Presentation to Board of Education January 25, 2012.

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January 25, 2012 Budget Presentation

  1. 1. 2012-13 BUDGET THE CURRENT OUTLOOK & OPTIONS
  2. 2. 2012-13 BUDGET Current 2011-12 Budget = $ 20,380,584 Rollover 2012-13 Budget = $ 21,156,950 $ Increase = $ 776,366 % Increase = + 3.81%
  3. 3. 2012-13 BUDGET Revenue Comparison 2011-12 2012-13 $ Diff % DiffState Aid $8,950,500 $9,130,000 $179,500 2.0%Federal Aid $478,000 $0 ($478,000) -100.0%Use of Reserves $860,000 $910,000 $50,000 5.8%Sales Tax $400,000 $400,000 $0 0.0%Other $310,100 $300,000 ($10,100) -3.3%Property Taxes $9,232,000 $9,416,700 $184,700 2.0%Fund Balance $150,000 $150,000 $0 0.0%Total Revenue $20,380,600 $20,306,700 ($73,900)
  4. 4. 2012-13 BUDGET Change in Expenditures (Increase) $ 766,366 Change in Revenue (Decrease) ($73,900) Projected Shortfall $ 909,900
  5. 5. 2012-13 BUDGET Expenditure Assumptions Professional Salaries + 2% Staff Salaries + 2.8% Equipment budget - 10% Contractual items - 5% Materials & Supplies, software, texbooks, etc - 10% BOCES + 2%
  6. 6. 2012-13 BUDGETThe Major Cost Drivers Health Ins up 17% = $ 404,000 Retirements Costs – ERS up 20% = $ 66,700 – TRS up 13.25% = $ 121,800 Total Hlth & Retrmnt Incr = $ 595,500 Projected Salary Incr = $ 223,000 Total Major Cost Drivers = $ 818,500
  7. 7. 2012-13 BUDGET - Limited Revenue GrowthEst Property Tax Cap Limit = +(-) $ 185,000Est State Aid Increase = +(-) $ 179,500 Total = $ 364,500Less: Loss of Federal Jobs Aid ($478,000) Net Gain (Loss) ( $113,500)
  8. 8. 2012-13 BUDGET Summary of MajorFactors of Shortfall Summary of Major Cost Incr = $ 818,500 Net Major Revenue Change = ($ 113,500) = SHORTFALL $932,000
  9. 9. Sound, Basic Education for All
  10. 10. Sound, Basic Education for All
  11. 11. NYS Education System is Highly RankedNYS is ranked 3rd overall at 83.9
  12. 12. 2012-13 BUDGET Ways to Balance Lobby for Additional State Aid-Feb. 3rd and 11th Additional Supply Cuts Additional Equipment Cuts WFA Concessions Personnel Cuts Non-mandated Programs Bringing back special education students from outside placements

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