PROPOSED BUDGET MEETING – NUMBER 1 MARCH 5, 2014

STATE AID COMPARISON

2013-2014 2014-2015

Equalization Aid 38,162,410.00$ 38,162,410.00$ Special Education Aid 4,519,182.00 4,519,182.00 Security Aid 747,449.00 747,449.00 Transportation Aid 2,909,313.00 2,909,313.00 Adjustment Aid 3,559,441.00 3,559,441.00 PARCC Readiness Aid 73,560.00 Per Pupil Growth Aid 73,560.00

49,897,795.00$ 50,044,915.00$

COMPARISON OF ENROLLMENT PROJECTIONS

Projected Enrollment 10/2014 7,643 1/2 Kindergarten 213

7,430

Resident Enrollment 10/2013 7,755

Growth -2.7151% 211 7,544

1/2 Kindergarten 188 State Projected Enrollment 7,356

Variance (74)

Department of Education Enrollment Projection

WT Projected Enrollment

DEBT SERVICE AID

Debt Service 3,181,700$

Entitled To 45.2131% 1,438,545$

Allocation 85% 1,222,763$

NEW IN THE BUDGET

• Proposed Staff:– 2 Special Education Teachers

• Curriculum Adoption:– Math 6-8– Computer Ed K-8– Business Ed 9-12– G & T K-12– Music/Drama/Dance K-12

NEW IN THE BUDGET• Extended School Year Program

– 2 Additional Sections• Non-Instructional Equipment in the Lease

– 4 New Busses– Additional Cameras for All Locations– Floor Scrubber– 3 Cafeteria Tables– Network Servers– 2 Pick-up Trucks– Telephone System

• SRO Services

School Project State Project# Total Cost SDA$ Local MatchGTECC Roof Replacement 5500-030-14-1011 671,947.00 268,778.80 403,168.20 *GTECC Security Improvements 5500-030-14-1012 70,094.00 28,037.60 42,056.40 Total GTECC Projects 742,041.00 296,816.40 445,224.60

Bells Boiler Replacement 5500-025-14-1005 581,500.00 232,600.00 348,900.00 Bells Security Improvements 5500-025-14-1006 75,024.00 30,009.60 45,014.40 Total Bells Projects 656,524.00 262,609.60 393,914.40

Birches Boiler Replacement 5500-027-14-1009 581,500.00 232,600.00 348,900.00 Birches Security Improvements 5500-027-14-1008 75,000.00 30,000.00 45,000.00 Total Birches Projects 656,500.00 262,600.00 393,900.00

Hurffville Security Improvements 5500-040-14-1013 75,290.00 30,116.00 45,174.00 Total Hurffville Projects 75,290.00 30,116.00 45,174.00

TJ Security Improvements 5500-028-14-1010 75,507.00 30,202.80 45,304.20 Total TJ Projects 75,507.00 30,202.80 45,304.20

Wedgwood Boiler Replacement 5500-060-14-1016 678,800.00 271,520.00 407,280.00 Wedgwood Security Improvements 5500-060-14-1015 75,000.00 30,000.00 45,000.00 Total Wedgwood Projects 753,800.00 301,520.00 452,280.00

Whitman Boiler Replacement 5500-070-14-1017 679,800.00 271,920.00 407,880.00 Whitman Roof Replacement 5500-070-14-1018 999,770.00 399,908.00 599,862.00 *Whitman Security Improvements 5500-070-14-1019 74,841.00 29,936.40 44,904.60 Total Whitman Projects 1,754,411.00 701,764.40 1,052,646.60

BHMS Security Improvements 5500-020-14-1004 127,995.00 51,198.00 76,797.00 Total BHMS Projects 127,995.00 51,198.00 76,797.00

CRMS Security Improvements 5500-026-14-1007 124,877.00 49,950.80 74,926.20 Total CRMS Projects 124,877.00 49,950.80 74,926.20

OVMS Security Improvements 5500-050-14-1014 123,777.00 49,510.80 74,266.20 Total OVMS Projects 123,777.00 49,510.80 74,266.20

High School - 11/12 Boiler Replacement 5500-010-14-1002 1,490,547.00 596,218.80 894,328.20 High School - 9/10 Cooling Tower Replacement 5500-010-14-1001 236,600.00 94,640.00 141,960.00 *Total High School Projects 1,727,147.00 690,858.80 1,036,288.20

Grand Total New Projects 6,817,869.00$ 2,727,147.60$ 4,090,721.40$

* To be paid for out of 2013-14 Funds 1,908,317.00 763,326.80 1,144,990.20 4,909,552.00$ 1,963,820.80$ 2,945,731.20$

New SDA Projects(Total New Projects By School)

OTHER CAPITAL PROJECTS

• Total Local Share of SDA Projects $2,945,731.20Total Value of Projects $4,909,552

• Ongoing HVAC Replacement– 9-10 Wing $ 60,000– TJ 55,000– Hurffville 53,000 168,000.00

• School Culvert Replacement 97,444.00• Carpet Replacement 3 Rooms

9/10, Birches, Hurffville, Wedgwood 23,000.00• Doors – TJ, CRMS, and OVMS

59,000.00• Ductwork on Kiln at BHMS 8,000.00 $3,301,175.20

REDUCTION IN THE BUDGET

• 6 High School Teachers – Decreased Enrollment

• Copier Expense

• Communication – Telephone/Postage

USE OF BREAKAGE

2014-15 $ 1,500,000

2013-14 $ 1,000,000

2012-13 $ 820,000

USE OF FUND BALANCE

2014-15 $ 9,250,000 $ 1,113,223

2013-14 $ 8,136,777 $ 1,199,549

2012-13 $ 6,937,228 $ 952,228

2011-12 $ 5,985,000

NET CHANGE IN CAPITAL PROJECTS

2014-15 $ 3,301,175 $ 1,386,185

2013-14 $1,914,990 ($ 195,836)

2012-13 $ 2,110,826

USE OF CAPITAL RESERVE2014-15 $ 1,030,000

2013-14 $ 915,000

2012-13 $ 713,000

2013-14 2014-15 Net Change % ChangeCurrent Expense

Salaries 77,509,587.36$ 79,346,488.47$ 1,836,901.11$ 2.37%Employee Benefits 27,380,976.25 28,302,252.62 921,276.37 3.36%Purchased Professional and Technical Services 6,106,000.44 6,061,593.96 (44,406.48) -0.73%Purchased Property Services 4,689,042.64 4,824,525.20 135,482.56 2.89%Other Purchased Services: Transportation 2,513,416.00 2,764,134.00 250,718.00 9.98% Tuition 8,388,691.00 9,052,098.00 663,407.00 7.91% Other Purchased Services 1,105,717.05 1,068,528.32 (37,188.73) -3.36%Supplies and Materials 2,985,012.49 2,986,594.40 1,581.91 0.05%Utilities 2,991,709.99 3,081,461.29 89,751.30 3.00%Miscellaneous 224,445.00 250,280.00 25,835.00 11.51%Transfer to Other Funds 997,131.00 973,040.00 (24,091.00) -2.42%Subtotal Current Expense 134,891,729.22$ 138,710,996.26$ 3,819,267.04$ 2.83%

Capital OutlayEquipment 66,093.00$ (66,093.00) -100.00%Capital Projects 1,914,990.29 3,301,175.20 1,386,184.91 72.39%SDA Assessment 182,956.00 182,956.00 - 0.00%Subtotal Capital Outlay 2,164,039.29$ 3,484,131.20$ 1,320,091.91$ 61.00%

TOTAL OPERATING BUDGET 137,055,768.51$ 142,195,127.46$ 5,139,358.95$ 3.75%

COMPARISON OF 2014-15 BUDGET TO 2013-14 BUDGET BY OBJECT

EXPENDITURES AS A % OF TOTAL CURRENT EXPENSE OR AS A % OF TOTAL GENERAL FUND

% of Current % of General 2014-2015 Expense Fund

Current ExpenseSalaries 79,346,488.47 57.20% 55.80%Employee Benefits 28,302,252.62 20.40% 19.90%Purchased Professional and Technical Services 6,061,593.96 4.37% 4.26%Purchased Property Services 4,824,525.20 3.48% 3.39%Other Purchased Services: Transportation 2,764,134.00 1.99% 1.94% Tuition 9,052,098.00 6.53% 6.37% Other Purchased Services 1,068,528.32 0.77% 0.75%Supplies and Materials 2,986,594.40 2.15% 2.10%Utilities 3,081,461.29 2.22% 2.17%Miscellaneous 250,280.00 0.18% 0.18%Transfer to Other Funds 973,040.00 0.70% 0.68%Subtotal Current Expense 138,710,996.26 100.00% 97.55%

Capital OutlayEquipment - 0.00%Capital Projects 3,301,175.20 2.32%SDA Assessment 182,956.00 0.13%Subtotal Capital Outlay 3,484,131.20 2.45%

TOTAL OPERATING BUDGET 142,195,127.46 100.00%

2013-14 2014-15 Net Change % ChangeGeneral Fund 137,055,768.51$ 142,195,127.46$ 5,139,358.95$ 3.75%Special Revenue Fund 1,887,712.00 2,343,448.00 455,736.00$ 24.14%Debt service Fund 4,338,650.00 4,208,050.00 (130,600.00)$ -3.01%

143,282,130.51$ 148,746,625.46$ 5,464,494.95$ 3.81%

COMPARISON OF 2014-15 BUDGET TO 2013-14 BUDGET BY OBJECT

CAP CALCULATION

2013-14 TAX LEVY $ 76,572,161INFLATE BY 2% 1,531,443

$ 78,103,604Adjustments: Healthcare Costs 41,903 Banked Cap 3,876,448Allowable Levy $ 82,021,955

LEVY REQUIRED FOR 2014-15 BUDGET $ 80,341,007

BUDGET UNDER CAP $ 1,680,948

BANKED CAP

Banked Cap from 2013-14 $ 3,876,448

Banked Cap Used 2014-15 $ 2,195,500

Remaining Balance$1,680,948

Balance expires and cannot be brought forward.

TAX IMPACT

AssessedValue

Current School

Tax

Proposed School

TaxAnnual

IncreaseMonthly Increase

$150,000 $ 2,784.75 $ 2,884.61 $ 99.86 $ 8.32

$200,000 $ 3,713.00 $ 3,846.15 $ 133.15 $ 11.10

$210,313 $ 3,904.46 $ 4,044.48 $ 140.02 $ 11.67

$250,000 $ 4,641.25 $ 4,807.69 $ 166.44 $ 13.87

$300,000 $ 5,569.50 $ 5,769.23 $ 199.73 $ 16.64

$500,000 $ 9,282.50 $ 9,615.38 $ 332.88 $ 27.74

Average Home

ITEMS REQUESTED

ITEMS RECEIVED IN PACKET

• Full Day Kindergarten• Junior High Model vs. Team Teaching• Cost of Security Department• Cost of Electric to Plug in Bus Heaters• Case Load of Teams

TO BE DISCUSSED IN EXECUTIVE• SRO Contract

ITEMS CUT WHEN WE LOST $8 MILLION IN STATE AID2010-2011

• See Next Page

$ 8 Million Cuts --- 2010-2011

• 4 Administrators• 12-month Administrator to 10-month• 14.4 Elementary Teachers• 10 Middle School Teachers• 17 High School Teachers• 4 Guidance Counselors• 1 Substance Abuse Counselor• 3 Special Education Positions• 7.5 Support Staff Employees• 9 Food Service Employees• 6 Food Service Positions Downgraded• 7.5 Vacant Positions• 1 SRO Officer

QUESTIONS? DISCUSSION?