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Oswego City School District 2012-13 Budget Plan

Oswego City School District 2012-13 Budget Plan. April 17, 2012. Finance Committee Update. Program Preservation with appropriate staffing Programming to support district/board goals Health and Safety of Students/Staff Efficiency of Operations Responsible Use of Appropriated Fund Balance

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Oswego City School District 2012-13 Budget Plan

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  1. Oswego City School District 2012-13 Budget Plan April 17, 2012 Finance Committee Update

  2. Program Preservation with appropriate staffing • Programming to support district/board goals • Health and Safety of Students/Staff • Efficiency of Operations • Responsible Use of Appropriated Fund Balance • Elementary Redistricting for 2012-13 Budget Priorities

  3. Big Picture School • Universal Pre-K (Developmental Component) • Elimination of ‘VOID’ Year for SpecED • Implementation of RTTT • Common Core • Data Driven Instruction • APPR – Teacher and Principal • Capital Improvements • EXCEL Expenditures/Referendum Budget Priorities

  4. Contract Negotiations (CSEA, OCTA, COASA and AAP) • Litigation • Grievance(s) • Tax Certiorari Challenges • State Budget • Foundation Aid • Retirements • 2% Tax Levy Cap vs Tax Levy Limit (aid loss) Fiscal Navigation

  5. Debt Service Payments2005-2006 School Year through 2013-2014 • * Includes Oswego BOCES Capital Project using a BAN on 55% of the Oswego City School District obligation. • ** The School District will begin debt service payments on the fully bonded amount in 2013-2014. Using the 10 year Bond term, this will mean an approximate addition of $825,000 in debt service for 2013-2014. The School District will also receive BOCES aid to offset the borrowing costs at a rate of 63.09% on the project resulting in approximately $383,249 in aid for 2013-2014.

  6. Appropriations Analysis

  7. Revenue Analysis * Actual is $54,055,460

  8. Albany Budget Proposals

  9. School Bus Purchase Proposition • Replace 10 Buses $999,952 ($699,966 State Aid) • (8) 66 Passenger Buses ($105,551 each) • (1) 60 Passenger Bus w/up to 2 wheelchairs ($113,678) • (1) 30 Passenger Bus ($ 41,865) • Aging Fleet • Minimal impact on debt service expenses • Maximizes safety • Minimizes maintenance and repair costs • No impact on 2012-2013 Budget

  10. Tax Impact of Proposed Levy NOTE: The Tax Rate is the result of a calculation involving 3 pieces of information. The only piece the School District controls is the tax levy. The other portions are the finalized assessments (set by the assessors on July 1st) and the equalization rates (set by the New York State Office of Real Property Services by August 15th). All else remaining equal, a lower tax levy will result in a lower tax rate.

  11. Tax Rate & Levy History ** Proposed * Based on New York State Tax Cap Formula (Tax Levy Limit)

  12. Budget Calendar March 20, 2012 Finalize preliminary budget; Board of Education approval of propositions March 27, 2012 Preliminary budget hearing (open to the public) March 27-31, 2012 District will publish first of four legal notices of budget vote and board election April 17, 2012 Budget Discussion - Adoption of budget by the Board of Education April 20, 2012 Real Property Tax Report Card to SED (or within 24 hours of adoption) April 20, 2012 Budget available for public review (Each School Building) May 8, 2012 Budget Hearing (Regular Meeting) Admin/Program/Capital Components May 9, 2012 Mail School Budget Notice/District Newsletter (after Budget Hearing) May 15, 2012 Budget Vote/Annual Meeting (Voting - 12:00 to 9:00 pm)

  13. DISCUSSION

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