2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007 Budget...

2007-2008 Board Adopted School Budget

PTA Presentation April 18, 2007Amended April 19, 2007

Budget Vote May 15, 2007

7:00 a.m. – 9:00 p.m. School Library

2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations

1. Impact Of Tax Certiorari Claims/Settlements

2. Changes In Assessed Valuation3. Transportation

1. Purchase Of Replacement Buses

4. Incarcerated Youth1. Increase In Allocation/Increase In

Resulting State Aid

2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations

5. Health Insurance Increases6. Salary Increases7. Retirement Cost Increases8. Workers Compensation/Liability

Insurance Cost Increases9. High School Tuition Increases

2007-2008 March 6, Draft # 1 Budget$22,284,194

The Initial Draft Budget Provides for: Budget to Budget Increase of 9.28% Projected Tax Rate Increase:

With Assessment Changes:Greenburgh

18.72%

Mt. Pleasant18.20%

Without Assessment Changes:Greenburgh 7.50%

Mt. Pleasant 7.03%

2007-2008 March 12 Draft # 2 Budget$21,830,565

Draft # 2 Budget dated Provides for: Budget to Budget Increase of 7.05% Projected Tax Rate Increase:


16.34%

Mt. Pleasant15.83%


Mt. Pleasant 4.88%

2007-2008 March 14 Draft # 3 Budget$22,041,265

Draft # 3 Budget Dated Provides for: Budget to Budget Increase of 8.09% Projected Tax Rate Increase:

With Assessment Changes:

Greenburgh 17.09%

Mt. Pleasant 16.57% Without Assessment Changes:

Greenburgh 6.02%

Mt. Pleasant 5.55%

2007-2008 March 26, Draft # 4 Budget$21,724,610

The Draft 4 Budget Provides for: Budget to Budget Increase of 6.53% Projected Tax Rate Increase:


15.02%

Mt. Pleasant14.51%


Mt. Pleasant 3.63%

2007-2008 Adopted Budget April 10, $21,604,610

The Adopted Budget Provides for: Budget to Budget Increase of 5.95% Projected Tax Rate Increase:


14.21%

Mt. Pleasant13.71%


Mt. Pleasant 2.90%

2007-2008 Adopted Budget$21,604,610

Budgeted Revenue

Property Taxes78.47%

Summer Camp1.41%

Fund Balance2.04%

State Aid15.90%

Other2.18%

2007-2008 Adopted BudgetHighlights of The Budget

Technology (IPA) $ 449,237 Tractor Replacements $ 43,270 Replacement of 2 large buses $ 50,000

(Interest & Principal) Interscholastic Program $ 45,398 Summer Camp $ 260,688 Swim Program $161,754 After School Program $ 52,948

Summary of Budgetary Increases/ (Decreases)

Adopted Budget Salaries $ 248,424 Tuition $ 677,658 Benefits $ 186,536 Equipment

$ ( 1,014) Contractual $ 7,534 Supplies $ ( 29,461)

Textbooks $ (43,313) BOCES $ 129,932

Incarcerated Youth$ 437,425 Debt Service $ 48,866 Capital Projects $ (450,000) Total $ 1,212,587

Impact of Change In Assessment2007-2008

2.90

13.71

3.36

14.21

0.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

Mt Pleasant Greenburgh

Tax Rate WithoutAssessment ChangeTotal Tax Rate

Percentage Change in Tax LevyWestchester County School Districts

2007-2008 as of 4-18-071. 8.50% 12. 6.30%2. 8.45% 13. 6.27%3. 8.27% 14. 5.90%4. 7.73% 15. 5.62%5. 7.55% 16. 5.60%6. 7.44% 17. 5.30%7. 6.94% 18. 4.67%8. 6.79% 19. 4.53%9. 6.69% 20. 4.29%10. 6.63% 21. 3.15% Pocantico Hills11. 6.54% 22. 2.71%

Average 6.08%

Tax Rate Comparison 2006-2007 Tax Rates

School True Value Taxes onDistrict Tax Rate $500,000 Index

1 19.08 $9,540 2.6910 15.75 $7,875 2.2220 14.64 $7,320 2.0630 12.46 $6,230 1.7540 10.56 $5,280 1.4945 8.78 $4,390 1.24

Pocantico 7.10 $3,550 1.00

2007-2008 Adopted BudgetIncrease

Total Budget to Budget Increase 5.95% Mandated, Or Mandated By Community

Expectations 5.31% Increase In Non Mandated Costs .64% Total 5.95%

2007-2008 Adopted Budget$21,604,610

Total Budget $21,604,610 Mandated, Or Mandated By Community

Expectations $21,364,179 98.89%

NonMandated Costs $ 240,431 1.11% Total $21,604,610 100.00%

Mandated and/or Mandated by Community Expectations

Board of Education ($6,150)

District Clerk ($3,000)

District Meeting $ 3,800

Central Administration $19,379

Auditing ($ 875)

Treasurer ( $ 967)

Legal $15,213

Mandated, and/or Mandated by Community Expectations

Public Information Services ($ 7,550)

Maintenance & Operations $101,446

Postage $ 2,463

Liability Insurance $ 4,487Student Accident Insurance

School Association Dues $ 1,137


Assessment on School Property ($ 14,251)

Refund of Real Property Tax $ 7,299

BOCES Administrative Costs $ 3,751

Instruction & Supervision $509,775Foreign Language

Pre Kindergarten

Kindergarten

Art – Required for Middle School only

Music – Required for Middle School only


Programs for Students With Disabilities $651,372

Academic Intervention Services $ 17,930

Library Services ($19,996)Library Book Replacement

State Aided Computer Assisted Instr. $150,7313rd Year IPA

Pupil Personal Services Program ($4,662)Interscholastic Athletics ($4,067)


Transportation $16,071Bus Monitors

Community Service ($ 4,938)Community Recreation (Pool)Summer CampAfter School Program

Employee Benefits $186,536Debt Service $ 48,866INTERFUND Transfers ($450,000)

Lunch Fund

Total Budget Increase $1,212,589 5.95%

2007-2008 Budgetary Items Not Mandated

Clerical Overtime $ 7,500

Custodial Overtime $ 41,000

Custodial Equipment $ 46,470

Instructional Supervision $ 13,400

In-Service Training $ 58,598

Assessed Valuation HistoryMt. Pleasant Greenburgh

2003-04 16,715,484 41,933,416

2004-05 16,631,073 41,723,576

2005-06 16,248,572 40,879,798

2006-07 15,870,156 40,827,504

2007-08 est. 15,274,065 34,961,691

06-07/07-08

Change (596,091) (5,865,813)

Tax Rate Impact: 10.81% 10.85%

Assessed Valuation Mt. PleasantAfter Tax Certiorari Claim Settlements

Decrease of $596,091

Mt Pleasant

14,500,000

15,000,000

15,500,000

16,000,000

16,500,000

17,000,000

2003-04 2004-05 2005-2006

2006-2007

2007-2008

Mt Pleasant

Assessed Valuation – GreenburghAfter Tax Certiorari Claim Settlements

Decrease of $5,825,813

Greenburgh

30,000,000

32,000,000

34,000,000

36,000,000

38,000,000

40,000,000

42,000,000

44,000,000

2003-04 2004-05 2005-2006

2006-2007

2007-2008

Greenburgh

Adopted Budget 2007-2008 Budget Deletions From Initial Draft

A1010-BOARD OF EDUCATION Page 4

400-CONTRACTUAL EXPENSES $ 7,355

450-Supplies & Materials $ 2,000 $9,355

A1040-District Clerk Page 4400-Contractual Expenses $ 8,000 $8,000

A1240 – SUPERINTENDENT Page 5

200-Equipment $ 3,000

400-Contractual Expenses $ 1,200

450-Supplies & Materials $ 1,900 $6,100


A1310-Business Administration Page 6160-Non Instructional Salaries $ 7,500

450-Materials & Supplies $ 1,500

490-BOCES Service $ 2,500$11,500$11,500

A 1325-Treasurer Page 6

160 Non-Instructional Salary $ 5,000 $ 5,000

A1380-Fiscal Agent $ 650 $ 650


A1480-Public Information Services Page 8400-Contractual Expenses $ 500

450-Materials & Supplies $ 2,500 $ 3,000

A1620- CENTRAL SERVICES Page 9

400-Contractual Expenses $ 53,750

450-Materials & Supplies $ 4,000 $57,750

A1621- Maintenance Page 9160-Non Instructional Salaries $ 1,000 $ 1,000


A2020-INSTRUCTIONAL SUPERVISION Page 12

160 - Non Instructional Salaries $ 2,500

400- Contractual $ 2,000$ 4,500

A2110 – TEACHING REGULAR SCHOOL Page 12120-Teacher Salary 1-5 $ 268,559

160-Non Instructional Salaries $ 19,110

200-Equipment $ 25,935

400-Contractual $ 33,520

450-Materials & Supplies $ 57,831

480-Textbooks $ 50,210$ 455,165


A2250- STUDENTS WITH DISABILITES Page 13150-Instructional Salaries $ 5,000160-Teacher Aide $ 19,110

200-Equipment $ 1,000400-Contractual Expenses $ 4,330450-Materials & Supplies $ 1,000 $30,440

A2610-SCHOOL LIBRARY & AV Page 14400-Contractual Expenses $ 1,180450-Materials & Supplies $ 16,125 $17,305


A2630-Computer Assisted Instruction Page 14200-Equipment $10,000


490-BOCES SERVICES $12,506 $22,506

A2800 – Pupil Personal Services Page 15

150-Instructional Salaries $10,500

160-Non Instructional Salaries $ 2,125

200-Equipment $ 700


450-Materials & Supplies $ 4,000 $18,325


A2855-INTERSCHOLASTIC ATHLETICS Page 15 160-Non Instructional Salaries $ 5,000 450-Materials & Supplies

$ 1,000 $ 6,000

A8070-CENSUS Page 17400-Contractual $ 15,000460-Software $ 2,048490-BOCES Services $ 5,940 $22,988

TOTAL $679,5842007-2008 Initial Draft $22,284,1942007-2008 Adopted Budget $21,604,610Difference $ 679,584

Tax Rate Impact 2007-2008 Adopted Budget

Greenburgh

Assessed 2006-07 2007-08 Annual MonthlyFMV Value Taxes Projected Increase

Increase 100,000 3,050 663 758 94 8 250,000 7,625 1,659 1,895 236 20 500,000 15,250 3,317 3,789 472 39 750,000 22,875 4,976 5,684 707 591,000,000 30,500 6,635 7,578 943 79

Note: Assumes same assessed value in 2006-2007 and 2007-2008

Tax Rate Impact 2007-2008 Adopted Budget

Mt. Pleasant Assessed 2006-07 2007-08 Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 1,400 666 758 91 8 250,000 3,500 1,666 1,895 228

19 500,000 7,000 3,332 3,789 457 38 750,000 10,500 4,998 5,684 685 571,000,000 14,000 6,664 7,578 914 76 Note: Assumes same assessed value in 2006-2007 and 2007-2008

Contingency BudgetsSingle revote: Upon the defeat of the original proposed school budget, a district may resubmit the original budget, submit a revised budget, or adopt a contingency budget. If the voters fail to approve the budget upon the second vote, the district must adopt a contingency budget. Expanded definition: Interscholastic athletics, field trips, other extracurricular activities, and related transportation expenses are contingent expenses.

Contingency Budgets

Administrative cap: The administrative component of a contingency budget will be limited to the lesser of: 1) the percentage of the administrative component in the prior year’s budget or 2) the percentage of the administrative component in the last defeated proposed budget. Cap on total spending: Total spending under a contingency budget may not increase by more than 120 % of national CPI or 4.00%, whichever is lower. For 2007-08 the cap is 3.84 %.

2007-2008 Contingency Budget How the contingency/austerity budget cap is

calculated: 2006-2007 Adopted Budget$19,916,971 Less Debt Service $

( 489,309) Adjusted Base Year Budget$19,427,662

2007-2008 Contingency Budget How the maximum contingency/austerity budget cap is

calculated: Adjusted Base Year Budget $19,427,662 Adjusted Budget x 120% of CPI 3.84%

$20,173,684 Debt Service $ 538,175 Growth Related Expenditures $ 726,925 Maximum Contingency Budget $21,438,784 Required Budgetary Cuts $ 165,826

Possible Areas of Expense Reduction All Budgetary Items will Be Considered

Items listed below are not in Priority Order Non Mandated Academic Programs Student Supplies Community Use of Buildings and Grounds Certain Equipment Software Staff Technology Overtime Field Trips Summer Camp/Swim Program

Tax Rate TableBUDGET AMOUNT IMPACT ON TAX RATE$ 100,000 .68%

$ 150,000 1.00%

$ 250,000 1.69%

$ 500,000 3.37%

$ 750,000 5.05%

$ 1,000,000 6.74%

BUDGETARY OVERVIEW OF 2007-2008 BUDGET DEVELOPMENT

2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007 Budget...

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Transcript of 2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007 Budget...