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Hammondsport Central School

Hammondsport Central School. 2017-2018 Budget Information. Changes: Key dates. May 21 st , deadline for the Federal Budget Upcoming vacancies will not be filled until after the impact of Federal budget cuts is understood. 17-18 Budget goals and assumptions.

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Hammondsport Central School

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  1. Hammondsport Central School 2017-2018 Budget Information

  2. Changes: Key dates • May 21st, deadline for the Federal Budget • Upcoming vacancies will not be filled until after the impact of Federal budget cuts is understood.

  3. 17-18 Budget goals and assumptions • State aid will again increase by no more than 2-4% overall, exclusive of building aid. ** State budget provided 3% increase. • Our local property tax cap will be between 1-2%. ** 1.87% • The SAS Health Insurance Consortium will use its’ reserves to keep any rate increase to 5% or below. ** 2% • The decreases in retirement system contribution levels will be offset by the salary increases in those categories allowing us to leave those budget items flat for 17-18.

  4. Budget Goals and Assumptions Cont. • We will work to use fund balance in 17-18 to remove high priority, lower cost items from the 2015 BCS to free up money in the upcoming Capital Project proposal. ** Entrance sign, shared storage facility, both in the budget proposal. • In working towards long term fiscal stability, the District needs to reduce reliance on the use of fund balance and reserves as yearly revenue by at least 20%. ** Current proposal reduces recurring fund balance contribution by 24% in 17-18. • We will reach the goal of $1.8 million dollars in the Capital Reserve by 12/1/2017 to offset local tax funding for upcoming Capital Project proposal.

  5. Historical Budget Totals

  6. THE THREE PART BUDGET • The ADMINISTRATIVE component provides for overall general support and management of the operations of the District and includes: Board of Education costs, Central and school administration, Business Operations, curriculum development, BOCES administrative expenses, and benefits for current and retired persons in this category. • The PROGRAM component provides for all expenditures related to the instructional program of the District including special education, support services, co-curricular and athletic programs, counseling and health services, pupil transportation, and benefits for current and retired persons in this category. • The CAPITAL component provides for all costs associated with maintaining facilities and grounds as well as building and equipment repairs, maintenance and custodial supplies and materials, utilities, debt service payments, and benefits for current and retired persons in this category.

  7. Three Part Budget

  8. Current Year Versus Proposed Expenditures by Category

  9. Current Year Versus Proposed by Type

  10. Proposed Expenditure Budget • Proposed budget of $13,996,689. • Budget Increase of $320,101 or 2.34%

  11. Major Budget Changes

  12. Projected Revenue 2016-2017 2017-2018 • Projected State Aid • Inclusive of Building Aid: $4,595,626 $4,701,207 • Reserves/Fund Balance: $600,000 $674,794 • Other Revenue $155,000 $161,000 • Total $5,350,626 $5,537,001

  13. State Revenue

  14. Budget revenue history

  15. Estimated Levy

  16. HCS tax cap calculation

  17. Tax Impact on A $100,000 Home at 100% Equalization: urbana,wayne,wheeler

  18. Projected Tax Rates

  19. How Will We Balance Our Budget This Year?

  20. Capital outlay project 2017-2018 • Repairs as needed to remediate current water quality issues in problem locations. • Counter top/sink/base cabinets replacements in some Pre K-12 classrooms identified in 2015 Building Condition Survey. • Total cost of project cannot exceed $100,000. District receives $56,700 back in building aid the following year each year a project is completed.

  21. Foundation aid increases 2013-2017 • 2013- $8,669 • 2014- $24,636 • 2015- $10,815 • 2016- $28,651 • 2017- $99,245 • COMPARISON FIGURES • 2.5% yearly increase in all salaries: $141,973 • 5% increase in the cost of health insurance benefits: $110,710

  22. Impact of federal budget changes Title I Currently Title IIA Currently Elementary Teacher salary: $42,300 Reading Teacher salaries: $57,950 Teaching Assistants salaries: $62,116 Section 611 Currently Special Education Teacher salaries: $98,278 SRSA Grant Youth Prevention Counselor contribution: $17,104 Total Towards Salaries in 16-17: $277,748

  23. VOTE • Tuesday, May 16th, 2017 • 12 Noon to 8 PM • **High School Gymnasium • **Paper ballots will be used

  24. Thank you

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