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DRAFT 2012-13 April BUDGET HIGHLIGHTS

DRAFT 2012-13 April BUDGET HIGHLIGHTS. Revenues $ 23,478,584.57. Expenses $ 23,478,584.57. Shortfall $ 0. Revenue issues: State Aid is $11,165,780 or $278,181 more than last yr. This is still $1.965 million

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DRAFT 2012-13 April BUDGET HIGHLIGHTS

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  1. DRAFT 2012-13 AprilBUDGET HIGHLIGHTS Revenues $23,478,584.57 Expenses $23,478,584.57 Shortfall $ 0 Revenue issues: State Aid is $11,165,780 or $278,181 more than last yr. This is still $1.965 million less than we received in 09-10. Tax Levy Limit is currently at 2.6% before exclusions this is a simple majority vote. BOE can increase or decrease Fund Balance is suggested at 650,000 from debt service BOE can determine more or less Expense issues: Suggested cuts equal approximately $650,000 Debt, Trans Fuel, BOCES and Benefits lines items have increased

  2. 2012-13 Draft Revenue Budget – April2012 Categories Budget Budget 2012-13 2011-12 State Aid $11,166,000 $10,883,000 Local Levy $10,888,750 $10,600,000 Other $173,850 $373,400 Fund Balance Debt Service Capital Fund Appropriated Unemployment $650,000 $700,000 $250,000 $500,000 $500,000 $100,000 $109,200 Total $23,478,600 $23,415,600

  3. 2012-13 Draft Expense Budget – April2012 Budget Budget Categories 2012-13 2011 - 12 $ 9,991,775 $ 10,378,450 Salaries Benefits 5,331,998 5,157,000 BOCES 2,762,800 2,447,300 Capital Assets 1,910,000 1,870,000 Materials/supplies 389,775 464,250 Other 881,252 935,100 Transportation 1,381,000 1,369,000 Utilities 830,000 794,500 Total $ 23,478,600 $ 23,415,600

  4. H.S. Guidance position not replaced

  5. Five Year Budget Plan Draft 4-3-12 Equals $2.5 mil to cut Equals 19fte still to cut .9 .7 .7 .5 .4 .2 Equals $1.8debt service fund Leaves .7 in Debt Serv.

  6. Breakdown to Balance Budget 2012-13 DRAFT – 4-3-12 Reserve Balances as of 6/30/11 Est. 2016-17 Workers Comp $ 811,380.07 850,000 Unemployment 436,581.41 38,000 Encumbrances NA Retire. Contributions 458,649.44 400,000 Employee Benefit 367,033.95 350,000 Insurance 727,722.02 750,000 04 Cap Projects 1,286,655.23 0 07 Cap Projects 4,105,725.77 1,000,000* 11 Cap Projects 200,000.00 1,000,000 Debt Service 3,246,779.33 700,000 Historical Range Yr. End FB FIVE YEAR PLAN 10-11 11-12 12-13 13-14 14-15 15-16 16-17 BUDGET 23.8 23.4 23.5 23.4 23.5 23.5 23.6 Fd/Res Bal 1.4 1.7 1.2 1 .9 .7 .5 Levy 9.9 10.6 10.9 11 .1 11.3 11.5 11.8 St Aid 12.2 11 11.2 11.2 11.2 11.2 11.2 Other .1 .2 .1 .1 .1 .1 Tax Inc. % 2.57 6 2.6 2 2 2 2 Tax/1000 24.25 25.5 26.2 26.5 27 27.5 28 $ Cuts needed .8 1.2 .8 .5 .5 .7 .8 Unappropriated fund balance at 4% or $936,624.73* Note: all figures in millions except where labeled * Assume a capital project for cash done beginning 2015

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