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Wantagh Public Schools

Proposed Budget 2014-2015 School Year A 21 st CENTURY EDUCATION BELOW THE TAX CAP. Wantagh Public Schools. Our Priorities 21 st Century Education. This budget maintains: Full-day Kindergarten Current Class Size Guidelines All Current K-12 Programs All Athletic Teams and

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Wantagh Public Schools

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  1. Proposed Budget 2014-2015 School Year A 21st CENTURY EDUCATION BELOW THE TAX CAP Wantagh Public Schools

  2. Our Priorities 21st Century Education This budget maintains: • Full-day Kindergarten • Current Class Size Guidelines • All Current K-12 Programs • All Athletic Teams and Programs • AIS Support Incorporating RTI • Horizons Program • Elementary Foreign Language

  3. Our Priorities21st Century Education General Maintenance of our District’s Buildings and Grounds Continued Use of Security Guards in All Five District Buildings

  4. Our Priorities21st Century Education • Continued Upgrade of our Technology Infrastructure Supporting Instruction (Hardware, Software, SMART Boards) • Digital Instructional Resources Including: Castle Learning, iReady, enVision Math, Safari Montage and other Interactive Instructional Resources

  5. New Components 2014-2015 Budget: Curriculum • Introduction of New HS Courses/Electives: • Studio in Media Arts • AP Physics I • AP Physics I / II • Math 12 • New “Wonders” Elementary Reading Program

  6. New Components 2014-2015 Budget: Technology • Expansion of Technology Initiatives for Academics, Assessments and Infrastructure: • Desktop Virtualization • Macintosh Computer Lab • Interactive Technologies • Infrastructure Upgrades (Hardware, Software, Interactive Boards)

  7. New Components 2014-2015 Budget: Fine and Performing Arts • Purchase of New • Musical Instruments to • Expand Opportunities • for Students • Upgrading Facilities to • Address Growing • Demand for Music and Fine Arts

  8. New Components 2014-2015 Budget: Facilities • Development of New Energy Savings Projects • 2014-2015 Capital Projects Include: • District-Wide - Brick Pointing, Lintels Repair, Masonry Reconstruction, Health and Safety Improvements • Middle School - Locker Replacements for Music Room and Gymnasium • High School - Bathroom Renovations, Door and Hardware Replacements

  9. Our Points of Pride • Academic • Athletic • Arts • Altruism • For More Highlights Go to our • District Website at: • www.wantaghschools.org

  10. Percentage of Wantagh Graduates Earning Regents Diplomas 97% of Wantagh’s 2013 Graduates were College Bound Consistently Ranked among the Highest in Nassau County

  11. Regents Passing Rates

  12. Advanced Placement Participation: 3 Year Study Participation in the Advanced Placement Program is a Common Indicator of School District Success Wantagh HS will Administer 458 AP Exams to 265 AP Students in May 2014 In 2012, Wantagh had 223 AP Students and Administered 332 Exams In 2013, Wantagh had 245 AP Students and Administered 388 Exams

  13. 2013 AP Scores • The average score on all exams in Wantagh was 3.14, and 70.9% of all scores were 3 or higher. • 41.27% of all scores in Wantagh were a 4 or a 5.

  14. 2013 AP Scores • The percentage of AP students at Wantagh High School with a score of 3 or higher is 76.6% in 2013.

  15. Budget Equation Program Expenditure Tax Levy Limit Revenue

  16. 2014-2015 Maximum AllowableTax Levy Calculation • 2013-2014 Tax Levy $55,785,769 • Tax Base Growth Factor x 1.0048 $56,053,541 • 2013-2014 Estimated PILOT + 50,017 $56,103,558 • 2013-2014 Capital Levy (Net of Building Aid) - (1,417,772) • Adjusted 2013-2014 Tax Levy $54,685,786 • Allowable Growth Factor (Lesser of 2% or CPI) x 1.46% $55,484,198 • 2014-2015 Estimated PILOT - (52,703) $55,431,495 • Available Carryover from 2013-2014+ 0 • Tax Levy Limit Before Exclusions $55,431,495 • 2014-2015 Pension Exemptions + 0 • 2014-2015 Capital Levy (Net of Building Aid) +$1,653,108 $57,084,603 2014-2015 Tax Levy Limit = 2.33%

  17. 2014-2015 Budget and Levy Facts

  18. Three-Part Budget at a Glance:Expenses

  19. Summary of Revenue

  20. Budget at a Glance:Revenues

  21. State Aid Total: $14,496,604 19.21% of Revenue General Aid BOCES Aid Excess Cost Aid High Tax Aid Building Aid Instructional Materials Aid Transportation Aid NYS Gap Elimination (State Aid Cut of $1,674,225) Local Share Deduct (State Aid Cut of ~ $51,000)

  22. Other Revenues Total: $4,089,244 5.41% of Revenue • $ 614,244 • Student Fees • Interest Earnings • Rental of Property • Gifts and Donations • $3,475,000 • Fund Balance and Reserves • Utilizing More Money from Reserves to Offset Loss of State Aid and Increase from Teachers’ Retirement Expenses

  23. Tax Levy 75.38% of Revenue Proposed Levy $ 56,895,906 Current Levy $ 55,785,769 Amount Change $ 1,110,137 1.99% Increase

  24. 2014-2015Allowable Tax Levy Limit Levy is below the Allowable Tax Levy Limit: Allowable Tax Levy: 2.33% $ 1,298,834 Tax Levy Increase: 1.99% $ 1,110,137 Dollar Amount Below Cap $ (188,697)

  25. Average Class I Tax Bill • (Pending Updated Information from Nassau County Assessor this Fall) • Assume the Adjusted Base Proportions Remain the Same as 2013-2014 • Average Assessed Home Full Value of $372,400 Tax Levy = $56,895,906

  26. Nassau County Property Tax Class System Class I Residential Homes (1-3 Family) Class II Multiple-Family Homes Class III Public Utility Class IV Commercial Property

  27. Process to Review Reserves and Fund Balance • By 6/30/14 – Board Resolution Authorizes Funding of Specific Reserves up to a Set Dollar Amount • Closing of Books – Final Review of Surplus and/or Deficit • Review of Capital Needs • Review Capacity to Fund Reserves Based on Budgetary and Actuarial Data

  28. Process to Review Reserves and Fund Balance • Allocation of Surplus Funds: • Unappropriated Fund Balance - Limited to 4% of Budget. Necessary to Offset: • Lost Revenues (State Aid, Grants, Other Revenues) • Unanticipated Cost Increases • Unanticipated New Expenses and Emergency Expenditures • Reserves – Necessary for District Long-Term Planning Needs and Tax Levy “Smoothing”

  29. Process to Review Reserves and Fund Balance • Fiscal Targets Reviewed with Moody’s: • Undesignated Reserves  Greater than 5% of Revenues • Fund Balance (General Fund)  15-20% of Revenues • Appropriated Fund Balance  As Little as Possible (Obligation for Budget) • Debt Expenditures  2.5% to 4% of Revenues Wantagh has Made Much Progress to Meet Fiscally Sound Targets

  30. Undesignated Reserves - 2013

  31. Reserves and Fund Balance 6/30/14

  32. Debt Expenditures $21,447 SAVINGS DUE TO BOND REFUNDING!

  33. Tax Freeze Law According to the NYS Department of Taxation and Finance: In School Districts where the Voter-Approved 2014-15 Tax Levy is at/or below the Allowable Tax Levy Limit Taxpayers with Incomes up to $500,000 Who are Eligible for a STAR Property Tax Exemption Will Receive a School Property Tax Credit* from NYS in an Amount up to the Greater of: The Increase in your School Tax Bill from 2013-14 to 2014-15 or 2. The Tax Growth Factor (1.46% for 2014-15) Multiplied by your 2013-14 School Tax Bill * Adjustments will be Applied for Certain Exclusions

  34. Contingency Budget There are restrictive rules for budgets under contingency. Certain expenses are prohibited, and other budgetary items must be reduced or eliminated in order to meet contingency limits. Cuts would include the following: • Instructional Equipment • Technology Hardware • Student Supplies • Musical Instruments • Non-Essential Maintenance for Buildings and Grounds • Capital Expenditures • Reduction in Clubs, Teams Plus: Mandatory Fees for Use of Buildings by Community Groups

  35. VOTER REGISTRATION Saturday, May 10, 2014 9:00 AM to 1:00 PM at District Administration Building

  36. VOTING Tuesday, May 20, 2014 7:00 AM TO 9:00 PM Wantagh Elementary School, Mandalay Elementary School and Forest Lake Elementary School

  37. Questions?

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