1 / 13

WUFS Budget 2013-14

WUFS Budget 2013-14. May 20 th , 20131. Overall Budget. WUFS is financially solid. The budget year 2013-14 there will: No lay-offs Maintain free breakfast and lunch for all students Johnstown tuition will remain at $1950 per student thru 2016. Three Main components. Administrative:

bruis
Télécharger la présentation

WUFS Budget 2013-14

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. WUFS Budget 2013-14 May 20th, 20131

  2. Overall Budget

  3. WUFS is financially solid • The budget year 2013-14 there will: • No lay-offs • Maintain free breakfast and lunch for all students • Johnstown tuition will remain at $1950 per student thru 2016

  4. Three Main components • Administrative: • Program Component • Capital Component

  5. Three Components

  6. Increases Health Insurance (+6%) ERS (+10.6%)/TRS (+37.25%) Technology (Infrastructure, computers, programs) Common Core Implementation APPR ( STAR, pre-assessments)

  7. ERS/TRS= Major cost driver Employee Retirement System (ERS): The contribution rate is increasing from 18.9% to 20.9%, which is actually a rate increase of 10.6% ( Questar III BOCES) Teacher Retirement System (TRS): The contribution rate is increasing from 11.84% of total salaries to 16.25% next year, which is actually a rate increase of 37.25%(Questar III BOCES)

  8. Increases

  9. Allocated fund balance for tax relief

  10. High Tax Aid • In January the estimated amount of High Tax Aid was $75, 000, which would have been a reduction of $67,853. The final passage of the budget restored this aid to $142, 853, which is what we were at last year. • High Tax Aid is essentially how the state calculates whether or not the property tax base is too high of a percentage of the overall budget (the tax levy) based on the relative wealth of the community.  The property values are so high relative to wealth because of the lake property.  • High Tax Aid (definition)- provided to districts where the property tax burden is high relative to income

  11. High Tax Aid • The final 2013-14 final budget rejected the Executive Budget Proposal related to high tax aid and restores funding to this initiative. • January 22: • High Tax Aid= $75,090 • Gap Elimination Adjustment (GEA)= $5,415 • March 22 • High Tax Aid= $ 142,853 • GEA= $99,167

  12. High Tax Aid/GEA

  13. Other Items Calendar Testing http://engageny.org/parent-and-family-resources Testing E:\testingletterparentssample.doc BOCES Meeting April 24th School Aid Specialists Breakfast May 3rd

More Related