2012-13 BUDGET

THE CURRENT OUTLOOK & OPTIONS

2012-13 BUDGET

� Current 2011-12 Budget = $ 20,380,584

� Rollover 2012-13 Budget = $ 21,156,950

$ Increase = $ 776,366

% Increase = + 3.81%

2012-13 BUDGET Revenue Comparison

($73,900)$20,306,700 $20,380,600 Total Revenue

0.0%$0 $150,000 $150,000 Fund Balance

2.0%$184,700 $9,416,700 $9,232,000 Property Taxes

-3.3%($10,100)$300,000 $310,100 Other

0.0%$0 $400,000 $400,000 Sales Tax

5.8%$50,000 $910,000 $860,000 Use of Reserves

-100.0%($478,000)$0 $478,000 Federal Aid

2.0%$179,500 $9,130,000 $8,950,500 State Aid

% Diff$ Diff2012-132011-12

2012-13 BUDGET

Change in Expenditures

(Increase) $ 766,366

Change in Revenue

(Decrease) ($73,900)

Projected Shortfall $ 909,900

2012-13 BUDGET

� Expenditure Assumptions

+ 2%BOCES

- 10%Materials & Supplies, software, texbooks, etc

- 5%Contractual items

- 10%Equipment budget

+ 2.8% Staff Salaries

+ 2% Professional Salaries

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

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)

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

Sound, Basic Education for All

Sound, Basic Education for All

NYS Education System is Highly Ranked

NYS is ranked 3rd overall at 83.9

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