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Phelps-Clifton Springs CSD2015-16 Budget Draft
April 8, 2015
2
2015-16 Budget Planning
Budget Recommendations
Tax Levy
Appropriations
Revenues
Next Steps
Driving Factors
REVENUES Reduction of Building Aid Waiver Granted Foundation Aid Increase $ 46,799 GEA Reduction $ 1,080,623 GEA Remains = ($598,539)
APPROPRIATIONS Health Insurance: $ 677,831 Special Education $ (125,874)
Additional State Aid Used to Balance Budget
Additional State Aid $1,109,136
Used to:
Eliminate Previous Deficit $ 473,231
Cover Additions to Budget $ 219,101
Reduce Appropriated Fund Balance $ 400,000
Reduce Increase to Tax Levy $ 16,804
Budget Additions & Reductions
1.0 ENL Teacher $ 66,532
3.0 AIS Elementary Teachers $199,598
Drivers Education - BOCES $ 25,000
Arts in Education - BOCES $ 9,775
Unemployment Insurance $ (65,000)
Reduce 0.5 Clerical (Attrition) $ (16,804)
TOTAL $219,101
6
Budget Increase
2014-15Budget
2015-16Proposed
Budget
-
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000 Overall Budget Increase = 2.02% or
$682,508
Requires Estimated Tax Levy Increase of 2.35% (Threshold 2.47%)
Uses $450,000 in Appropriated Fund Balance as Temporary Revenue to Close Gap
2.02
%
7
Tax Levy Comparison
2014-15 Tax Le
vy
2015-16 Recommended Tax
Levy
2015-16 Max
imum Allo
wable Thresh
old $11,000,000 $11,500,000 $12,000,000 $12,500,000 $13,000,000 $13,500,000
$1
3,42
6,35
6 $1
3,47
1,72
1 $1
3,75
8,52
5
2.47%2.35%
8
Tax Levy History
2005
-200
6
2006
-200
7
2007
-200
8
2008
-200
9
2009
-201
0
2010
-201
1
2011
-201
2
2012
-201
3
2013
-201
4
2014
-15
2015
-16
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
3.0% 3.6%
0.9%2.5%
0.0%
2.9%4.0%
2.5% 2.7% 2.1% 2.3%
Percentage Change in Tax Levy By Year
2015-16 Appropriations Budget
2014-15 2015-16 $ Change % Change
Central Services 3,192,623 3,268,925 76,302 2.39%
Instruction 16,849,563 17,063,975 214,412 1.27%
Transportation 1,509,442 1,497,117 (12,325) (0.82%)
Civic Activities 89,744 90,908 1,164 1.30%
Benefits 8,822,599 9,220,354 397,755 4.51%
Debt Service 3,127,938 3,133,138 5,200 0.17%
Transfer to Other Funds 205,000 205,000 0 0%
Total 33,796,909 34,479,417 682,508 2.02%
Percentage of Appropriations by Category
Central Services; 9.48%
Instruction; 49.49%
4.34%0.26%
Benefits; 26.74%
Debt Service; 9.09% 0.59%
Central ServicesInstructionTransportationCivic ActivitiesBenefitsDebt ServiceTransfer to Other Funds
2015-16 Revenue Budget
2014-15 2015-16 $ Change % Change
Tax Levy 13,431,32613,741,721 310,396 2.31%
Other Tax Items 58,346 58,879 533 .91%
Rental, Refunds, Fees 577,745 489,625 (88,120) (15.25%)
State Aid 18,488,12819,384,828 896,700 4.85%Medicaid & Other Federal 159,000 159,000 0 0%Appropriated Fund Balance 850,000 450,000 (400,000) (47.05%)
Transfer from Debt Service 232,364 195,364 (37,000) (15.92%)
Total Revenue Budget 33,796,90934,479,417 682,508 2.02%
Percentage of Revenue by Category
39.85%
0.17%1.42%
56.22%
0.46% 1.31% 0.57%Tax Levy
Other Tax Items
Rental, Refunds, Fees
State Aid
Medicaid & Other Federal
Appropriated Fund Balance
Transfer from Debt Service
TAXLEVY
STATE AID
2014-15 Budget – 2015-16 Budget
State Aid Reduction to GEA Increase to Foundation Aid
Federal and Miscellaneous: Loss of CEL rent Reduction to Debt Service
interfund transfer
2014-15 2015-16
Est. Expenditures 33,796,909 34,479,417
State Aid 18,488,128 19,384,828
Fed & Misc. Rev 1,027,453 902,868
Tax Levy 13,431,326 13,741,721
Appropriated Fund Balance 850,000 450,000
Deficit - -
Budget Overview
Appropriations Revenues (State Aid, Federal,
Misc.)
Estimated Tax Cap Appropriated Fund Balance
Current Surplus/(Deficit)
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
$35,000,000
34,4
79,4
17
20,2
87,6
96
13,7
41,7
21
$450,000
2015-16 Budget
Final Thoughts
Tax Levy Increase of 2.35%, slightly below tax levy threshold of 2.47%
Reduces the Dependency on Fund Balance
No Cuts, Program Additions
Continue Advocacy to Remove GEA Next Year
Annual School Board Election and Budget Vote 5/19
