BUDGETARY OVERVIEW OF 2007-2008 BUDGET

DEVELOPMENT

March 6, 2007Board of Education Meeting

2007-2008 SCHOOL BUDGET

DISTRICT GOALS

FISCAL RESPONSIBILITY1. Educate the community on the liability associated

with tax certiorari claims and develop a long-range plan to address this.

HOME AND COMMUNITY PARTNERSHIPS1. Develop and implement a contract between families

and our school that outlines teaching and learning responsibilities for all parties.

2007-2008 SCHOOL BUDGET

DISTRICT GOALS

STUDENT SUPPORT

1. Review and evaluate special education services and delivery models in light of state and federal requirements.

2. Pilot an inclusive education model for students in the intermediate house.

3. Staff the school system in ways that better represent our diverse student population.

2007-2008 SCHOOL BUDGET

DISTRICT GOALS

ACADEMIC EXCELLENCE

1. Integrate new instructional technologies with classroom instruction.

2. Implement revised math curriculum through multiple resources including our new math textbooks and software.

2007-2008 SCHOOL BUDGET

DISTRICT GOALS

STAFF EFFECTIVENESS1. Review and map the social studies curriculum, Grades

K-8, aligning it with NYS Standards and identify resources necessary to implement it.

2. Continue professional development in instructional technology, differentiated instruction, English Language Arts and standards-based math.

BOARD GOALS1. Develop a school budget process that reflects the

community’s interests.

2007-2008 SCHOOL BUDGETCommunication Plan

The school community newsletter will provide a listing of all budget workshop dates.

The district has created 2007-2008 Budget Communication Plan & Timeline to further assist the community in learning about the proposed school budget.

2007-2008 SCHOOL BUDGETCommunication Plan Recommendations

1. At each of the six identified budget workshops the entire budget will be presented to ensure that residents that miss one or more budget workshops will not miss the description of the budget.

2. The instructional staff, student government, School Foundation and PTA will be provided with a budget presentation.

3. The Budget Newsletter will be mailed at two distinct times to generate community input, once prior to the Board’s adoption of the budget, and once prior to the legally required budget hearing.

4. A special e-mail address has been re-established to provide an avenue for community residents to pose questions and/or comments, and receive a response from the Assistant Superintendent – www.budgetinfo@pocanticohills.org

2007-2008 SCHOOL BUDGETCommunication Plan Recommendations

5. Budget information will be posted to the District’s website throughout the budget development process.

6. In addition to the community wide invitation to attend the budget workshops, key neighborhood community members will be invited to attend budget workshops.

7. Reminder to Vote telephone chains will be employed to encourage community members to vote on May 15, 2007.

8. The K12 alerts system will be used periodically to remind all who have registered to attend the budget workshops.

2007-2008 SCHOOL BUDGET

2007-2008 Budget Communications Plan & Timeline

2007-2008 SCHOOL BUDGET

A school budget is a financial plan created to support the operation of the school system and the delivery of the educational program.

The budget process begins in November with a workshop with the staff.

2007-2008 SCHOOL BUDGET Budget Development Timeline

November 2, Staff Orientation to Budget Development

December 20, Budget Worksheets Submitted to the Business Office

March 12, Board of Education Meeting/Review of Preliminary Budget

March 6, Board of Education Meeting/Review of Preliminary Budget

January 24, 2007 Board Discussion of Significant Budgetary Considerations

2007-2008 SCHOOL BUDGET Budget Development Timeline

March 26, Board of Education Meeting/Review of Preliminary Budget

April 10, Board of Education Meeting/Review of Preliminary Budget/ Board Adoption of Budget

March 30, Legal Advertisement for Budget Notice

Week of March 26 Budget Newsletter Mailed to Residents

March 14 PTA Budget Presentation

2007-2008 SCHOOL BUDGET Budget Development Timeline

May 15, 2007-2008 Budget Vote

May 7, Board Meeting-Public Hearing Presentation OnlyMay 9, School Budget Notice Mailed to Residents

May 2 , Budget Newsletter Mailed to Residents

April 16, Last Day to File Petitions for Board Election and Propositions

April 18 PTA Budget Presentation

April 25, PTA Meet the Candidates Night

2007-2008 SCHOOL BUDGET

Budget Presentation: the budget must be presented at the budget hearing, not less than seven (7) or more than fourteen (14) days prior to the annual meeting/budget vote date. - May 7

Budget Availability; the budget document shall be complete and available upon request to residents within the district (7) days before the budget hearing and fourteen (14) days before the annual meeting/vote date. – May 1

2007-2008 SCHOOL BUDGET

Annual Meeting and Election: The annual meeting and election must be held on the third Tuesday of May. (May 15, 2007)

Three-Part Budget: Districts are required to prepare a three-part budget containing administrative, program, and capital components.

School District Funds

• The general fund relies on taxes, state aid, and miscellaneous revenue and supports all regular school activities

• The school lunch fund provides the child nutrition program to our students and is a self sustaining program • The special aid fund provides for the district’s grant funded programs

School District Funds

•The capital fund provides for all permanent improvements to our facilities and is funded from the general fund and bond issue proceeds • The trust and agency funds are used to account for assets held by a governmental unit in a trustee capacity and/or as agent for individuals. The funds are custodial in nature and are used to account for contributions or endowments

2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations

1. Impact of Tax Certiorari Claims/Settlements

2. Changes in Assessed Valuation3. Transportation

1. BOCES and purchase of replacement buses, or Bid for new service

4. Incarcerated Youth1. Increase in allocation/increase in

resulting state aid

2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations5. Health Insurance Increases6. Salary Increases7. Retirement Cost Increases8. Workers Compensation/Liability

Insurance Cost Increases9. High School Tuition Increases10.One Time Offsets for 2006-2007 Fire

Alarm Bid Savings

2007-2008 BUDGET HIGHLIGHTS

1. Digital Piano for Choral Program

2. Microscope for Elementary and Science Program

3. Special Education Equipment

4. Repairs/Replacement of Portion of Playground Equipment

5. Computer Supplies

6. Replacement of 34 Year Old Tractor

2007-2008 BUDGET HIGHLIGHTS

7. Student Supplies8. Maintenance of Photography Program

Initiated by School Foundation9. New Musical Instrument – Replacement

Cycle10. New Interscholastic Uniforms –

Replacement Cycle11. New Library Books – Replacement Cycle12. New Exercise Equipment – Replacement

Cycle

2007-2008 BUDGET HIGHLIGHTS

13. Supplies for School Play

14. New Social Worker

15. Supplies for Mentoring Program

16. Funds for Field Trips

17. Replacement of Two Large School Buses

18. High School Tuition Increases

19. Custodial Projects:1. Ceiling Tile Replacement

2. Photo Badge System

3. Classroom Shade Replacement

2007-2008 Draft Budget$22,284,194

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

With Tax Certiorari Claims:Greenburgh 18.72%

Mt. Pleasant 18.20% Without Tax Certiorari Claims:

Greenburgh 7.50%

Mt. Pleasant 7.03%

WHERE YOUR DOLLAR GOES 2007-2008 $22,284,194

Benefits11.91%

Equipment0.48%Supplies

2.06%

Contractual7.54%

Tuition25.12%

BOCES5.41%

Inc. Youth10.99%

Debt2.42% Interfund

0.34%

Salaries33.31%

Textbooks0.44%

WHERE EVERY REVENUE DOLLAR COMES FROM 2007-08

STATE AID15.4%

FUND BALANCE

2.0%

OTHER3.5%

PROPERTY TAXES79.1%

2007-2008 Mandated Budget Items Vs. Non Mandated Budget Items

Mandated, $1,598,390

84.47%

Non Mandated, $293,777 15.53%

2007-2008 Proposed Budgetary Mandated 84.47% Non Mandated 15.53%

$1,892,167 Mandated and Contractual:

Cost Increases in this category include:Mandated Non Mandated

Salaries $ 550,588 $ 51,240 Equipment $ 17,171 $ 17,450 Contractual $ 127,754 $ 55,747 Supplies $ 0 $ 69,443 High School Tuition $ 657,262 $ 0 BOCES Services $ 22,787 $ 93,000 Incarcerated $ 437,425 $ 0 Debt $ 48,866 $ 0 Benefits $ 186,536 $ 0 Interfund Transfers $(450,000) $ 0 Total $1,598,390 $293,777

84.47%15.53%

Tax Certiorari and Assessment Changes A Tax Certiorari Changes Comes About as a

Result of Commercial Property Owner Claim That Their Property Assessment is Too High, and Therefore Their Tax Bill is Too High.

Court Ordered Judgments to Reduce The Assessment of A Commercial Property, Plus Refunds of Taxes Overpaid in Prior Years Affects the School Tax Rate Negatively.

Assessed Valuation

Mt. 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 35,001,691

06-07/07-08

Change (596,091) (5,825,813)

Tax Rate Impact: 11.22% 11.17%

Assessed Valuation Mt. PleasantBefore Changes Affecting 2007-2008

Mt Pleasant

15,200,000

15,400,000

15,600,000

15,800,00016,000,000

16,200,000

16,400,000

16,600,000

16,800,000

2003-04 2004-05 2005-2006

2006-2007

2007-2008

Mt Pleasant

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 – Greenburgh Before Changes Affecting 2007-2008

Greenburgh

39,000,000

39,500,000

40,000,000

40,500,000

41,000,000

41,500,000

42,000,000

42,500,000

2003-04 2004-05 2005-2006

2006-2007

2007-2008

Greenburgh

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

Contingency Budgets

Single 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 $ 845,410

Possible Areas of Expense Reduction

Student Supplies Community Use of Buildings and Grounds Certain Equipment Software Staff Technology Overtime Field Trips Summer Camp/Swim Program

Tax Rate Table

BUDGET AMOUNT IMPACT ON TAX RATE$ 100,000 .67%

$ 148,000 1.00%

$ 250,000 1.68%

$ 500,000 3.35%

$ 770,000 5.16%

$ 1,000,000 6.73%

BUDGETARY OVERVIEW OF 2007-2008 BUDGET DEVELOPMENT