Public Hearing

2016-17 Proposed Budget

May 5, 2016

Spencer-Van Etten Central School District

Property Tax Levy Cap Calculations as of 4/14/2016 NYS Comptroller’s Property Tax Cap Form

(Chapter 97 of the Laws of 2011)

Tax Levy Limit (Cap) Before Exclusions:Tax Levy Fiscal Year Ending (FYE) 6/30/16 $6,552,246Tax Base Growth Factor (per state) x 1.00

$6,552,246PILOTS Receivable FYE 6/30/16 + $95,000

$6,647,246Capital Tax Levy for FYE 6/30/16 - $35,518

$6,611,728Allowable Levy Growth Factor (0.12%) x 1.0012

$6,619,662PILOTS receivable FYE 6/30/17 - 96,000Total Tax Levy Limit Before Exclusions $6,523,662

continued

Property Tax Levy Cap Calculations, continued

Exclusions:Capital Tax Levy for FYE 6/30/17 $67,647Tax Levy Necessary for Pension ContributionExpenditures caused by growth in the system average actuarial contribution rate (ERS) or normal contribution rate (TRS) in excess of 2 percentage points:

Employees Retirement System (ERS) + $0 Teachers Retirement System (TRS) + $0

Total Exclusions $67,647

continued

Property Tax Levy Cap Calculations, continued

Total Tax Levy Limit Before Exclusions $6,523,662Total Exclusions + $67,647Total Tax Levy Limit $6,591,309

2016-17 Property Tax Levy Limit $6,591,3092015-16 Property Tax Levy - $6,552,246Property Tax Increase under Cap $39,063

Property Tax Levy Increase with Simple Majority 0.60%

State Aid Projection as of 4/14/2016

2015-16 $14,145,659

2016-17* $14,155,536

Increase of $9,877 or 0.07%2010-11 Gap Elimination Adjustment $1,220,9512011-12 Gap Elimination Adjustment $1,642,4912012-13 Gap Elimination Adjustment $1,392,1842013-14 Gap Elimination Adjustment $857,9102014-15 Gap Elimination Adjustment $360,9862015-16 Gap Elimination Adjustment $92,5392016-17 Gap Elimination Adjustment $0

TOTAL REDUCTION DUE TO GEA $5,567,061*Estimate

2016-17 General Fund State Aid

Aid Category 2015-16 State Aid

2016-17State Aid

Variance

Foundation Aid $8,888,717 $9,067,045 $178,328

BOCES Aid $1,154,398 $1,138,470 -$15,928

High Cost Excess Cost $319,388 $227,974 -$91,414

Hardware $16,090 $15,219 -$871

Software, Library & Textbook $73,243 $70,722 -$2,521

Transportation Aid $1,120,524 $1,103,497 -$17,027

Gap Elimination Adjustment -$92,539 $0 $92,539

Building Aid $2,665,838 $2,532,609 -$133,229

Total General Fund Aid $14,145,659 $14,155,536 $9,877

6

Anticipated Revenues &Recommended Use of Fund Balance

as of 4/14/2016

7

State Aid-General Fund $14,155,536Calculated Maximum Property Tax Levy (simple majority) $ 6,591,309Other Sources $ 503,000Use of Reserves• Employee Retirement Reserve $ 150,000• Unemployment Reserve $ 15,000Appropriated Fund Balance $ 315,844Total Revenue $21,730,689

Expenditure Budgetas of 4/14/2016

Total School Budget:

2015-16 (voter-approved budget) $21,673,439

2016-17 (BOE approved as of 4/14/16) $21,730,689

8

Projected Increase of $57,250 or 0.26%

9

2016-17 BOE Approved Budget Includes

• Equipment Replacements-Facilities, Athletics, Transportation, Health and Technology

• Professional Development Opportunities –Summer

• STEM at Prekindergarten Level

• Grant Writing

• Inter-fund Transfer to School Lunch

• Transportation Bus Replacement (Bond Financing)

• Positions- 1 FTE Social Worker supported by Community Schools Aid, 0.5 FTE Art Teacher and 1 FTE Speech Language Pathologist

• 1 FTE Agriculture Teacher (added 10/2015), program materials & equipment

2016-17 Three Part Budget ADMINISTRATIVE COMPONENT

Function 2015-16 2016-17 Change

Board of Education $16,054 $19,010 $2,956

Superintendent’s Office $182,195 $191,696 $9,501

Business, Personnel & Legal $601,003 $561,760 ($39,243)

BOCES Administration Charge $216,991 $217,893 $902

BOCES-Capital Expenses $88,183 $88,498 $315

Special Items $109,816 $110,700 $884

Supervision-Regular School $476,301 $556,263 $79,962

Employee Benefits $438,482 $412,871 ($25,611)

Total $2,129,025 $2,158,691 $29,666

2016-17 Three Part Budget

PROGRAM COMPONENT

FUNCTION 2015-16 2016-17 Change

Legal Services $12,000 $ 12,000 $0

Instruction $9,211,165 $ 9,058,871 ($152,294)

Transportation $675,850 $ 753,173 $77,323

Bus Garage $16,000 $ 22,300 $6,300

Employee Benefits $ 4,273,570 $ 4,776,387 $502,817

Transfer to Special Aid $ 70,000 $ 70,000 $0

Transfer to School Lunch $ 143,043 $ 50,000 ($93,043)

TOTAL $14,401,619 $ 14,742,731 $341,112

2016-17 Three Part Budget

CAPITAL COMPONENT

FUNCTION 2015-16 2016-17 Change

Operation of Plant $ 947,128 $ 962,867 $15,739

Maintenance of Plant $ 356,324 $ 348,995 ($7,329)

Refund of Real Property Taxes $ 2,000 $ 0 ($2,000)

Employee Benefits $ 364,706 $ 383,552 $18,846

Debt Service $ 2,972,637 $ 3,133,853 $161,216

Transfer to Capital Fund $ 500,000 $ 0 ($500,00)

TOTAL $ 5,142,795 $ 4,829,267 ($313,528)

2016-17 Budget Breakdown

13

Budget Category2016-17

Approved Budget

2015-16 Adopted Budget

DollarChange

Percent Change

Board of Education/Central Admin 577,287 573,162 4,125.00 0.72%

BOCES 2,418,498 2,963,461 -544,963 -18.39%

Instruction 7,259,083 6,969,332 289,751 4.16%

Facilities 1,321,242 1,315,238 6,004 0.46%

Technology 197,057 66,180 130,877 197.76%

Transportation 772,916 689,409 83,507 12.11%

Sports and Extra-Curricular 357,943 334,228 23,715 7.10%

Benefits 5,572,810 5,076,758 496,052 9.77%

Debt Service 3,133,853 2,972,637 161,216 5.42%

Transfers to Other Funds 120,000 713,034 -593,034 -83.17%

Totals $21,730,689 $21,673,439 $57,250 0.26%

2016-17 BOCES Budget

14

Budget Category2016-17

Proposed Budget

2015-16 Adopted Budget

DollarChange

Percent Change

Central Administration 306,391 305,172 1,219 0.40%

Computer Services Center 560,315 568,661 -8,346 -1.47%

Instructional 1,053,918 1,463,475 -409,557 -27.99%

Instructional Support 260,716 322,728 -62,012 -19.21%

Management Services 273,252 303,425 -30,172 -9.94%

Totals $2,454,592 $2,963,461 -508,869 -17.17%

Budget and Tax Levy Changes from 2007-08 to 2016-17

Year Budget

% Budget

Increase Tax Levy

% Tax Levy

Increase

Appropriated

Fund Balance &

Reserves

2007-08 $ 16,540,476 8.60% $ 4,734,158 2.02% $ -

2008-09 $ 17,649,556 6.71% $ 5,059,023 6.86% $ -

2009-10 $ 18,820,213 6.63% $ 5,230,663 3.39% $ 350,000

2010-11 $ 19,546,365 3.86% $ 5,591,169 6.89% $ 625,000

2011-12 $ 18,809,212 (-3.77%) $ 6,088,783 8.90% $ -

2012-13 $ 19,705,222 4.76% $ 6,192,292 1.70% $ 737,960

2013-14 $ 19,980,442 1.4% $ 6,458,006 4.29% $ 315,615

2014-15 $ 20,522,363 2.71% $ 6,552,246 1.46% $ -

2015-16 $ 21,673,439 5.61% $6,552,246 0% $558,034

2016-17 $ 21,730,689 0.26% $6,591,309 0.6% $480,844

Estimated Property Tax Impact

16

Example of home with $100,000

Full Value Assessment

2015-16 Estimated

2015-16 Actual

2016-17Estimated

Tax Rate per $1,000 assessed value $18.23 $18.06 $17.81

Tax Bill $1,823 $1,806 $1,781

Annual Tax Decrease before STAR -$25

Basic STAR Exemption $450 $450 $459Tax Bill after STAR Exemption $1,373 $1,356 $1,322

Annual Tax Decrease after STAR -$34

Questions?

17

Budget Vote and Board ElectionsMay 17, 2016

12-8 pm