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Budget Hearing

Budget Hearing. May 6 th , 2014 Cortland Junior-Senior High School 7:00 PM. Factors Influencing the Budget . Increase in Benefit Costs-4.87% Increase from 2013-14 Increase in Debt Service Costs – 18.9% Increase from 2013-14 Instructional Program Increases

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Budget Hearing

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  1. Budget Hearing May 6th, 2014 Cortland Junior-Senior High School 7:00 PM

  2. Factors Influencing the Budget • Increase in Benefit Costs-4.87% Increase from 2013-14 • Increase in Debt Service Costs – 18.9% Increase from 2013-14 • Instructional Program Increases • Projected Salary Increases-Based on current contractual obligations • BOCES Services Inflationary Increase-4% • Additional staffing to address AIS Math needs at elementary levels and junior senior high • Additional staffing at high school for student support services

  3. Principles of Budget Development • Decisions will be made based on what is best for students. • All programs will be evaluated on their merit for improving student achievement. • Striving to maintain a highly qualified, well trained and supported work force. • Preserving the fiscal integrity of the school district for years to come. • Looking for ways to deliver services in a more cost effective manner. • Reinvesting in the district both through operations and maintenance, instructional technology, and programs.

  4. State Aid Patterns • 2009-2010 - $18,215,631 • 2010-2011 - $18,215,631 • 2011-2012 - $18,215,631 • 2012-2013 - $18,324,924 • 2013-2014 - $18,379,898 • 2014-2015 - $18,640,142 • 2009-2010 - $1,946,951 • 2010-2011 - $1,844,175 • 2011-2012 - $2,415,099 • 2012-2013 - $1,811,325 • 2013-2014 - $1,126,675 • 2014-2015 - $536,288 Total Gap Elimination Adjustment: $9,680,513 Foundation Aid Gap Elimination Adjustment

  5. Budget Summary

  6. Three Part Budget Overview

  7. Revenue Overview • Tax Levy Overview • 6.582 % was the limit for 14-15 • Could raise $1,063,761 more than 13-14 • Limit is high due to a large amount of local share for the current capital project that is exempted • Recommendation to maintain same increase as last year-2.9% • Total Levy $16,631,392 • $468,718 Increase from 13-14

  8. Estimated Impact Per Town Based on 13-14 Assessments and Equalization Rates

  9. Estimated 14-15 Tax Bills based on 13-14 Assessments and Equalization Rates

  10. State Aid

  11. Revenue Summary

  12. Cost Containment • Utilize Teacher Retirement Breakage • Outsourcing of Tax Collection in 2014-15 • Negotiation of 3 Tier Prescription Drug Plan for Administrators Bargaining Unit • Use of Fund Balance-Tighter Budgeting Line by Line

  13. What were we able to do • No layoffs • Maintain all current programs • Address the elementary Math AIS needs • Begin to address maintenance and grounds needs • Conservative use of reserves

  14. Next Steps • Budget Vote-May 20th • Budget Hearing-Tonight • Budget Booklet/Budget Notice-May 7th • Budget Adoption-April 21st • Property Tax Report Card Due-April 21st • Questions or Comments?

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