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Mount Vernon City School District’s 2012-13 Budget Hearing Presentation

Mount Vernon City School District’s 2012-13 Budget Hearing Presentation. May 2, 2012. 2012 Sample Ballot. Budget Resolution #12-265. DEPT: BUSINESS OFFICE Offered at the “ Special Meeting ” of the Mount Vernon Board of Education, held Thursday, April 19, 2012

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Mount Vernon City School District’s 2012-13 Budget Hearing Presentation

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  1. Mount Vernon City School District’s2012-13 Budget Hearing Presentation May 2, 2012

  2. 2012 Sample Ballot

  3. Budget Resolution #12-265 DEPT: BUSINESS OFFICE Offered at the “Special Meeting” of the Mount Vernon Board of Education, held Thursday, April 19, 2012 APPROVAL OF THE PROPOSED 2012-2013 BUDGET AND THE PROPERTY TAX REPORT CARD BE IT RESOLVED: that the proposed budget of expenditures of the District for the school year in the amount of $208,821,056, and for the purposes shown in the statement of estimated expenditures adopted by the Board of Education, be and the same hereby is approved and the amount thereof shall be raised by a levy of a tax upon the taxable property of the school district, after first deducting the monies available from State Aid and other sources as provided by law, and be it, FURTHER RESOLVED: that upon the recommendation of the Superintendent of Schools, this Board of Education approves the attached Property Tax Report Card for the 2012-2013 school year. BE IT FURTHER RESOLVED: that the Board of Education shall meet to discuss transfers to line items in the budget in order to fund certain positions and programs for students.

  4. Budget Materials • Budget Adopted by Board of Trustees in the Three Parts format as required by NYS • Includes required and supplemental information • Budget Resolution as amended • Property Tax and Property Tax Cap Form • Other Required Information • District-wide Report Cards • Fiscal Accountability • Information about Students with Disabilities • Administrative Compensation • Property Tax Exemptions • Budget Notice • Enrollment Data • Estimated Revenue and Statement of Fund Balance • Personnel Changes • Budget Summary Information

  5. Budget Information • Budget Books in each school building; at the district office (Clerk to the Board and Business Office), and at the Mount Vernon Public Library • Budget Newsletter which contains the Budget Notice will be mailed on Friday, May 5th • Website: http://www.mtvenonocsd.org • Budget Book • Budget by Building • Sample Ballot • Polling Locations

  6. Property Tax Levy Cap • Applies to all municipalities and school districts, except NYC and differently to the Big 4 school districts (Yonkers) • For school districts the cap begins with the 2012-13 Budget vote • The cap is a property tax levy cap; • Not a 2% cap • Not a cap on tax rates or tax bills • Not all district’s will have the same cap • The property tax levy cap is determined by an 8 step formula • Submitted on March 1, 2012 as required • For Mount Vernon the cap on the property tax levy is .38%

  7. Property Tax Levy Cap (continued) • Voters vote on budget; but the cap is on the property tax levy • A higher threshold for voter approval required if the tax levy exceeds the cap • A budget with a tax levy less than the cap requires a simple 50% plus 1 majority to pass • A budget with a tax levy greater than the cap requires a 60% majority • A budget that fails to obtain a majority continues with the same tax levy

  8. Voter Approval Voters approve the expenditure budget: • Option 1:  Propose a budget requiring a tax levy at or below the “allowable tax levy prescribed by law” • (Requires a simple majority; 50% + 1 voter approval) • Option 2:  Propose a budget requiring a tax levy before exemptions above the “allowable tax levy prescribed by law” • (Requires a “super majority;” 60% voter approval)

  9. Property Tax Report Card

  10. Property Tax Report Card • New Format due to Property Tax Cap provided by NYS on March 20, 2012 • Presents a 1% increase in spending, or $2,077,621 • Entirely due to tuition for Charter Schools and the cost of fringe benefits (retirement and health insurance) • 3.2% rate of inflation • Presents a 0% change in the property tax levy – within the property tax levy cap • Presents a .29% decrease in enrollment • Uses $3,995,313 in fund balance and reserves • Estimates an increase in revenues of $2,923,281 from state aid and other local sources (utility tax and Medicaid) • Filed with NYS on April 20, 2012

  11. Major Revenue Items

  12. New York State Aid

  13. New York State Aid (continued) • Final New York State budget adopted prior to March 31st deadline • NYS continues to the GAP elimination adjustments at $11,956,764; at this rate it will take twelve years to recover • Foundation Aid has been reduced by $960,000 for certain students incarcerated or in state supported schools • Building Aid has a one-time increase for the Columbus masonry emergency project which impacted the property tax cap • Transportation Aid is reduced to reflect routing changes made by SWBOCES which reduce 2011-12 costs • BOCES Aid is reduced to as recommended by SWBOCES to reflect reduced usage of certain non-special education services • Universal Pre-K aid is included in the state aid runs but is not directly used in the General Fund Budget

  14. Budget Summary in 3 Parts

  15. 2012-13 Three Part Components of Budget Capital, 18.47% Administration 8.34% Program, 73.18%

  16. Cost Increases 2012-13 Budget Increases – These are district-wide • NYS Employee Retirement will increase rate from 15.9% to 18.7% at a cost of $527,061 – All three components • NYS Teacher Retirement will increase rate from 11.11% to 11.84% at a cost of $728,131 – All three components • Health Insurance will increase by 8.5% at a cost of $1,023,552 – All three components • Charter school will more than double at a cost of $1,736,839 for tuition and special education services – Program Component • Transfer to Capital from reserve an amount of $620,027 to rebalance the Capital Fund with no tax impact – Capital Component • Invest in equipment and furnishings in an amount of $513,083 using unassigned fund balance and state aid - All three components Total for these six items will increase costs in the Budge by $5,148,693 more than twice the amount of the Proposed budget increase of $2,077,621

  17. Budget Increases

  18. Challenge 2012-13 Academic Difficulties • Joint Intervention Team (JIT) and Schools/District in Need of Improvement • MV and Mandela Highs, AB Davis and Longfellow Middles and Graham Elementary Schools • Adequate Services for Special Education • Adequate Services for English Language Learners/English as Second Language Learners • Facility and Infrastructure updates Community Involvement • Voter participation less than 3,148 out of 36,023 eligible (2,469 for the budget)

  19. Challenges 2012-13 (continued) Budget Increases • Loss of Education Jobs Funds: -$2,775,000 for over 30 positions-cost will be assumed by General Fund in 2012-13 • Loss of Title I funds for $575,000 for 4 positions-cost will be assumed by General Fund in 2012-13 • Step (Triborough) Increases for negotiating units will increase by over $1,400,00 • Wage Costs - unknown as labor contracts are unsettled since 2009 and no funding is provided in the current budget • Energy – will be held at current levels • Special Education – significant source of increases in recent years has seen consolidation and rearrangements in services • Bond refinancing will save an estimated $600,000. • Reduces five vacant positions; adds a .5 FTE Nurse for the expanding Charter School population; No layoffs

  20. Proposed vs. Contingency • From the proposed budget non-contingent items must be removed to conform to NYS contingent budget requirements - These are district-wide • Certain equipment: $392,400 ($50,000/Admin; $52,400/Capital; $290,000/Program) offset by appropriated fund balance • Transfers to Capital: $620,027offset by reserve in Capital • Community Use: paid for by user • Maintain ratio ( at least, 10.24%) between Administration and combined Administration plus Program

  21. Next • Continue the conversation with the community • Improve voter participation • Vote May 15th • Contact: Timothy Costello, Assistant Superintendent for Business (914) 665-5215 or tcostello@mtvernoncsd.org

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