Presentation to Board of Education January 25, 2012.

1. 2012-13 BUDGET
THE CURRENT OUTLOOK
& OPTIONS

2. 2012-13 BUDGET
Current 2011-12 Budget = $ 20,380,584
Rollover 2012-13 Budget = $ 21,156,950
$ Increase = $ 776,366
% Increase = + 3.81%

3. 2012-13 BUDGET Revenue Comparison
2011-12 2012-13 $ Diff % Diff
State Aid $8,950,500 $9,130,000 $179,500 2.0%
Federal Aid $478,000 $0 ($478,000) -100.0%
Use of Reserves $860,000 $910,000 $50,000 5.8%
Sales Tax $400,000 $400,000 $0 0.0%
Other $310,100 $300,000 ($10,100) -3.3%
Property Taxes $9,232,000 $9,416,700 $184,700 2.0%
Fund Balance $150,000 $150,000 $0 0.0%
Total Revenue $20,380,600 $20,306,700 ($73,900)

4. 2012-13 BUDGET
Change in Expenditures
(Increase) $ 766,366
Change in Revenue
(Decrease) ($73,900)
Projected Shortfall $ 909,900

5. 2012-13 BUDGET
Expenditure Assumptions
Professional Salaries + 2%
Staff Salaries + 2.8%
Equipment budget - 10%
Contractual items - 5%
Materials & Supplies,
software, texbooks, etc - 10%
BOCES + 2%

6. 2012-13 BUDGET
The Major Cost Drivers
Health Ins up 17% = $ 404,000
Retirements Costs
– ERS up 20% = $ 66,700
– TRS up 13.25% = $ 121,800
Total Hlth & Retrmnt Incr = $ 595,500
Projected Salary Incr = $ 223,000
Total Major Cost Drivers = $ 818,500

7. 2012-13 BUDGET - Limited Revenue Growth
Est Property Tax Cap Limit = +(-) $ 185,000
Est State Aid Increase = +(-) $ 179,500
Total = $ 364,500
Less:
Loss of Federal Jobs Aid ($478,000)
Net Gain (Loss) ( $113,500)

8. 2012-13 BUDGET Summary of Major
Factors of Shortfall
Summary of Major Cost Incr = $ 818,500
Net Major Revenue Change = ($ 113,500)
= SHORTFALL $932,000

9. Sound, Basic Education for All

10. Sound, Basic Education for All

11. NYS Education System is Highly Ranked
NYS is ranked 3rd overall at 83.9

12. 2012-13 BUDGET
Ways to Balance
Lobby for Additional State Aid-Feb. 3rd and 11th
Additional Supply Cuts
Additional Equipment Cuts
WFA Concessions
Personnel Cuts
Non-mandated Programs
Bringing back special education students from
outside placements