march 4, 2013norwich fy14 proposed budgetslide 1 norwich school district proposed budget for the...

March 4, 2013 Norwich FY14 Proposed Budget Slide 1

Norwich School District

Proposed Budget

For the

2013-14 School Year


Article 5:Long Term Borrowing

Replace roof top ventilation units $130,900

Replace Classroom Unit Ventilators $120,000

Replace Major Roof Section $175,000

Contingency $24,100

Total $450,000


Article 5: Long Term Borrowing

10 Year Costs

Year 1 - $56,700Year 2 - $55,530Year 3 - $54,360Year 4 - $53,190Year 5 - $52,020

Year 6 - $50,850 Year 7 - $49,680Year 8 - $48,510Year 9 - $47,340Year 10 - $46,170


Article 6:“Conditional Article”

Should long term borrowing article fail, will the voters raise and appropriate $85,000 to pay for:

One unit ventilator $10,000One rooftop ventilator $18,700Set aside funds for roof repair $55,000Contingency $1,300


Norwich School District

Proposed Budget

For the

2013-14 School Year


NORWICH SCHOOL DISTRICT

Tax Rates

Budgets

Enrollment State of Vermont

Property Valuations


Components of Tax Rate Change


Components of Tax Rate Change(without Base Amount Change)

1.1 Cent, 1.24%, increase in Homestead Tax Rate with no change in the Base Amount; all articles, and Dresden Labor Contracts



Taxes

• The Homestead tax rate is expected to increase 0.47% from $1.7530 to $1.7613

• For those eligible for tax rebate system, percentage estimated to increase 0.05 percentage points, from 3.31% to 3.36% of income.

• Non-residential tax rate estimated to decrease 3.06%, from $1.4791 to $1.4339

(Including all Norwich articles, excluding impact of Dresden labor contracts.)



Taxes

• If the Base Amount increases to $9,151, as has been approved by the Vermont House, but not yet by the Senate, then the homestead tax rate will drop to:

• $1.6918 from current year’s $1.7530

• a 6.1 cent drop, or 3.49% drop

(Including all Norwich articles, including impact of Dresden labor contracts.)


Marion Cross SchoolEnrollment History & Forecast


Enrollment and Staffing

2010-11

Actual

2011-12

Actual

2012-13

Actual

2013-14

Budget

Enrollment 305 301 311 304

Teachers

Regular Classroom

17 18 19 18

Teachers

Special Subjects

7.0 6.8 7.0 7.0

All Other Staff 28.1 29.7 32.15 30.85

Total 52.1 54.5 58.15 55.85

Teacher Contract Negotiations


• Board and Teachers have reached settlement for a contract for the next two years.

• 2.25% increase in salaries, including both base and step• Increase in health insurance premium co-pay from 14% to

15% and then 16%.• Reduce personal leave allowance per school year from

five days to four• Limit professional leave days at four per school year.• Clarifying language around bereavement leave, sick bank,

and enrichment grants.• Additional cost items are included in the proposed budget.


Support Staff Contract Negotiations

In the fall of 2011 the Marion Cross Support Staff petitioned the Vermont Labor Board to form a bargaining unit. Following a vote, the petition was granted. After about a year of negotiations, the Board and the Support Staff are close to agreement on all issues. We are confident that a possible settlement can be accommodated within the proposed budget.

Marion Cross SchoolBudget Analysis


2012-13 2013-14 Change %

Expense Budget

$4,902,189 $5,163,548 $261,359 +5.3%

Less Revenues $1,233,822 $1,315,294 $81,473 +6.6%

Net Expense $3,659,108 $3,848,254 $189,146 +5.2%

Significant Expenditure Changes($000’s)

Special Education In Total $172

SAU Assessment $15

Building Improvements ($52)

Debt Service $57

Transfer to Building Maint Reserve $25

Fuel Oil $17

All Other $27

Total Expense Change $261


Significant Revenue Changes($000’s)



Tax Rate Calculation 1(including all articles and Dresden Labor Contracts)

Item Actual

2012-13

Estimated

2013-14

Change % Change

1 Marion Cross School $4,902,189 $5,163,548 261,359 5.33%

1a Deficit Reduction Article 25,000 0 25,000 n/a

2 plus Dresden Assmt 6,445,721 6,553,170 107,449 1.67%

3 less Revs & Fund Bal 1,233,822 1,315,294 81,473 6.60%

4 = Ed Spending 10,139,088 10,401,424 262,335 2.59%

5 divide by Equalized Pupils 632.50 633.24 0.74 0.12%

6 equals Ed Spend per Eq Pupil 16,030 16,426 $396 2.47%

6a less Debt per Pupil 1,384 1,422

7 equals Ed Spending for Purpose of Excess Spending Calc

14,646 14,994

8 less Exc Spending Threshold 14,841 15,456 615 4.14%

9 equals above (below) Threshold (195) (587)


Tax Rate Calculation 2(including all articles and Dresden Labor Contracts)

Item Actual

2012-13

Estimated

2013-14

Change % Change

10 Ed Spending per Pupil 16,030 16,426 $396 2.47%

11 divide by Base Amount $8,723 $8,723 $0 0.00%

12 equals District Spending Adjust

183.769% 188.303% 4.534% 2.47%

13 times Statewide Ed Tax Rate $0.89 $0.94 $0.05 5.62%

13a equals Equalized Homestead Tax

$1.6355 $1.7748 $0.1345 8.22%

14 divide by CLA 93.30% 99.73% 6.4% 6.89%

15 equals Est’d Nominal Tax Rate 1.7530 1.7748 $0.0218 1.24%

16 Income Percentage 3.31% 3.39% 0.08% 2.42%

19 Nominal Non-Resid Rate $1.4791 $1.4439 ($0.0352) (2.38%)


Per Pupil Cost Comparison--Elementary

2011-12 Per Pupil Cost

(Ranks 79th out of 212 elementary schools reported)

$11,523

Schools ranked immediately above and below $11,523:

Miller’s Run (Sheffield, Vt) $11,581

Manchester $11,491(Source: Vt DOE Allowable Tuition Report for the 2011-12 School Year)

NECAP(2011 Year Data)


Marion Cross

State of Vermont

Reading 90% 74%

Math 90% 65%

Writing 84% 46%

Science 80% 53%


Addition of French at Grade 3

Possible Sharing of Special Ed Therapy Time across SAU Districts

Possible Sharing of New England Child Center In-District Program with other SAU Districts rather than out-of-district placements

Program Innovations

Final thoughts:

• Budget increase is due almost entirely to special education expenses, which are almost entirely reimbursed by the state.

• Marion Cross is an attractive choice for families as evidenced by our rising enrollment.

• Marion Cross continues to provide an excellent educational program, while its costs are low compared to other districts in the state.

March 4, 2013 Norwich FY14 Proposed Budget 23


Components of Tax Rate Change(without Base Amount Change)

1.1 Cent, 1.24%, increase in Homestead Tax Rate with no change in the Base Amount; all articles, and Dresden Labor Contracts


Questions?

march 4, 2013norwich fy14 proposed budgetslide 1 norwich school district proposed budget for the...

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