Finance Committee Update
Oswego City School District 2012-13 Budget Plan
April 17, 2012
Budget Priorities
• 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
• 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
Fiscal Navigation
• 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)
Debt Service Payments 2005-2006 School Year through 2013-2014 School Year Principal Interest Total
2005-2006 952,409 682,300 1,634,7092006-2007 901,918 935,340 1,837,2582007-2008 1,082,612 711,163 1,793,7752008-2009 1,292,942 676,130 1,969,0722009-2010 1,518,516 991,640 2,510,1562010-2011 2,970,067 1,581,741 4,551,8082011-2012 3,030,580 2,950,645 5,981,2252012-2013 4,163,292 2,626,925 *6,790,2172013-2014 4,920,443 2,634,929 **7,555,372
20,832,779 13,790,813 34,623,592
* 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.
Appropriations Analysis
Budget Appropriations 2011-122012-13
ProposedIncrease/Decrease
GENERAL SUPPORT $9,082,212 $9,120,072 37,860
INSTRUCTION $33,247,317 $34,876,003 1,628,686
TRANSPORTATION $3,125,918 $2,993,632 (132,286)
EMPLOYEE BENEFITS $22,715,120 $22,724,132 9,012
DEBT SERVICE $6,494,181 $6,790,218 296,037
INTERFUND TRANSFERS $80,000 $100,000 $20,000
TOTAL $74,744,748 $76,604,057 1,859,309
Revenue Analysis
Revenue Source 2011-12 2012-13 Proposed
Appropriated Fund Balance $ 0 $ 1,600,000
Levy * $ 26,218,800 $ 25,810,661
State Aid (Gov.) $ 13,854,906 $ 15,101,894
Building Aid $ 6,816,317 $ 3,865,812
Other sources(incl. PILOTS) $ 27,854,725 $ 30,225,690Additional Revenues and/or Program Adjustments $ 0 $ 0
TOTAL $ 74,744,748 $ 76,604,057
* Actual is $54,055,460
Albany Budget ProposalsExecutive Final Difference
Foundation Aid $11,814,480 $12,117,849 $303,369
Full Day K -- -- --
BOCES $2,211,559 $1,959,537 $(252,022)
High Cost Excess $451,089 $420,506 $ (30,583)
Private Excess Cost $105,870 $100,808 $ (5,062)
Hardware & Tech $79,684 $70,101 $ (9,583)
Soft, Text, Library $335,553 $330,023 $ (5,530)
Transportation $3,034,013 $2,644,406 $ (389,607)
GEA $ (2,785,252) $ (2,541,336) $243,916
Building Aid $4,356,411 $3,865,812 $ (490,599)
Total General Fund Aid $19,603,407 $18,967,706 $ (635,701)
U Pre-K $392,181 $392,181 --
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
Tax Impact of Proposed LevyValue with Star *
Year Rate/1000 $ 100,000 $ 100,000
2009/10 $ 21.54 $ 2,154 $ 1,508
2010/11 $ 21.28 $ 2,128 $ 1,490
2011/12 $ 19.15 $ 1,915 $ 1,341
2012/13 $ 18.85 $ 1,885 $ 1,320
2012/13** $ 22.80 $ 2,280 $ 1,596
*Net $70,000 after $30,000 star exemption** Permissible based on NYS Tax Cap Formula (Tax Levy Limit)
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.
Tax Rate & Levy History
Nine MileYear Tax Levy Included Levy Net Tax Levy
2005/06 $ 26,815,020 $ 0 $ 26,815,020
2006/07 $ 26,567,233 $ 0 $ 26,567,233
2007/08 $ 27,370,133 $ 0 $ 27,370,133
2008/09 $ 28,668,250 $ 0 $ 28,668,250
2009/10 $ 29,676,714 $ 0 $ 29,676,714
2010/11 $ 34,699,455 $ 6,131,628 $ 28,567,827
2011/12 $ 54,055,460 $27,836,660 $ 26,218,800
2012/13 ** $ 25,810,661 $ 0 $ 25,810,661
2012/13 * $ 30,884,916 $ 0 $ 30,884,916
** Proposed* Based on New York State Tax Cap Formula (Tax Levy Limit)
Budget Calendar
March 20, 2012 Finalize preliminary budget; Board of Education approval of propositionsMarch 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 electionApril 17, 2012 Budget Discussion - Adoption of budget by the Board of
EducationApril 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
ComponentsMay 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)
DISCUSSION