BUDGETARY OVERVIEW OF 20072008 BUDGET DEVELOPMENT

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BUDGETARY OVERVIEW OF 2007-2008 BUDGET DEVELOPMENT

• March 6, 2007
• Board of Education Meeting

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2007-2008 SCHOOL BUDGET

• DISTRICT GOALS
• FISCAL RESPONSIBILITY
• Educate the community on the liability associated
  with tax certiorari claims and develop a
  long-range plan to address this.
• HOME AND COMMUNITY PARTNERSHIPS
• Develop and implement a contract between families
  and our school that outlines teaching and
  learning responsibilities for all parties.

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2007-2008 SCHOOL BUDGET

• DISTRICT GOALS
• STUDENT SUPPORT
• Review and evaluate special education services
  and delivery models in light of state and federal
  requirements.
• Pilot an inclusive education model for students
  in the intermediate house.
• Staff the school system in ways that better
  represent our diverse student population.

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2007-2008 SCHOOL BUDGET

• DISTRICT GOALS
• ACADEMIC EXCELLENCE
• Integrate new instructional technologies with
  classroom instruction.
• Implement revised math curriculum through
  multiple resources including our new math
  textbooks and software.

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2007-2008 SCHOOL BUDGET

• DISTRICT GOALS
• STAFF EFFECTIVENESS
• Review and map the social studies curriculum,
  Grades K-8, aligning it with NYS Standards and
  identify resources necessary to implement it.
• Continue professional development in
  instructional technology, differentiated
  instruction, English Language Arts and
  standards-based math.
• BOARD GOALS
• Develop a school budget process that reflects the
  communitys interests.

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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.

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2007-2008 SCHOOL BUDGETCommunication Plan
Recommendations

• 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.
• The instructional staff, student government,
  School Foundation and PTA will be provided with a
  budget presentation.
• The Budget Newsletter will be mailed at two
  distinct times to generate community input, once
  prior to the Boards adoption of the budget, and
  once prior to the legally required budget
  hearing.
• 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_at_pocanticohills.org

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2007-2008 SCHOOL BUDGETCommunication Plan
Recommendations

• Budget information will be posted to the
  Districts website throughout the budget
  development process.
• In addition to the community wide invitation to
  attend the budget workshops, key neighborhood
  community members will be invited to attend
  budget workshops.
• Reminder to Vote telephone chains will be
  employed to encourage community members to vote
  on May 15, 2007.
• The K12 alerts system will be used periodically
  to remind all who have registered to attend the
  budget workshops.

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2007-2008 SCHOOL BUDGET

• 2007-2008 Budget Communications Plan Timeline

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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.

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2007-2008 SCHOOL BUDGET Budget Development
Timeline
November 2, Staff Orientation to Budget
Development
December 20, Budget Worksheets Submitted to
the Business Office
January 24, 2007 Board Discussion of Significant
Budgetary Considerations
March 6, Board of Education Meeting/Review of
Preliminary Budget
March 12, Board of Education Meeting/Review of
Preliminary Budget
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2007-2008 SCHOOL BUDGET Budget Development
Timeline
March 14 PTA Budget Presentation
March 26, Board of Education Meeting/Review of
Preliminary Budget
Week of March 26 Budget Newsletter Mailed to
Residents
March 30, Legal
Advertisement for Budget Notice
April 10, Board of Education Meeting/Review
of Preliminary Budget/ Board Adoption of
Budget
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2007-2008 SCHOOL BUDGET Budget Development
Timeline
April 16, Last Day to File Petitions for Board
Election and Propositions
April 18 PTA Budget Presentation
April 25, PTA Meet the Candidates Night
May 2 , Budget Newsletter Mailed to Residents
May 7, Board Meeting-Public Hearing Presentation
Only
May 9, School Budget Notice Mailed to Residents
May 15, 2007-2008 Budget Vote
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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

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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.

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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 districts
  grant funded programs

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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

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2007-2008 SCHOOL BUDGETSignificant Budgetary
Considerations

• Impact of Tax Certiorari Claims/Settlements
• Changes in Assessed Valuation
• Transportation
• BOCES and purchase of replacement buses, or Bid
  for new service
• Incarcerated Youth
• Increase in allocation/increase in resulting
  state aid

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2007-2008 SCHOOL BUDGETSignificant Budgetary
Considerations

• Health Insurance Increases
• Salary Increases
• Retirement Cost Increases
• Workers Compensation/Liability Insurance Cost
  Increases
• High School Tuition Increases
• One Time Offsets for 2006-2007 Fire Alarm Bid
  Savings

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2007-2008 BUDGET HIGHLIGHTS

• Digital Piano for Choral Program
• Microscope for Elementary and Science Program
• Special Education Equipment
• Repairs/Replacement of Portion of Playground
  Equipment
• Computer Supplies
• Replacement of 34 Year Old Tractor

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2007-2008 BUDGET HIGHLIGHTS

• Student Supplies
• Maintenance of Photography Program Initiated by
  School Foundation
• New Musical Instrument Replacement Cycle
• New Interscholastic Uniforms Replacement Cycle
• New Library Books Replacement Cycle
• New Exercise Equipment Replacement Cycle

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2007-2008 BUDGET HIGHLIGHTS

• Supplies for School Play
• New Social Worker
• Supplies for Mentoring Program
• Funds for Field Trips
• Replacement of Two Large School Buses
• High School Tuition Increases
• Custodial Projects
• Ceiling Tile Replacement
• Photo Badge System
• Classroom Shade Replacement

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2007-2008 Draft Budget22,284,194

• 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

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WHERE YOUR DOLLAR GOES 2007-2008 22,284,194
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WHERE EVERY REVENUE DOLLAR COMES FROM 2007-08
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2007-2008 Mandated Budget Items Vs. Non Mandated
Budget Items
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2007-2008 Proposed Budgetary Mandated 84.47 Non
Mandated 15.531,892,167

• 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

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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.

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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

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Assessed Valuation Mt. PleasantBefore Changes
Affecting 2007-2008
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Assessed Valuation Mt. PleasantAfter Tax
Certiorari Claim SettlementsDecrease of 596,091
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Assessed Valuation Greenburgh Before Changes
Affecting 2007-2008
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Assessed Valuation GreenburghAfter Tax
Certiorari Claim SettlementsDecrease of
5,825,813
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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.
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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 years
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 .
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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

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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

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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

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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
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BUDGETARY OVERVIEW OF 2007-2008 BUDGET
DEVELOPMENT