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2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007

2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007. Budget Vote May 15, 2007 7:00 a.m. – 9:00 p.m. School Library. 2007-2008 SCHOOL BUDGET Significant Budgetary Considerations. Impact Of Tax Certiorari Claims/Settlements Changes In Assessed Valuation

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2007-2008 Board Adopted School Budget PTA Presentation April 18, 2007 Amended April 19, 2007

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  1. 2007-2008 Board Adopted School BudgetPTA Presentation April 18, 2007Amended April 19, 2007 Budget Vote May 15, 2007 7:00 a.m. – 9:00 p.m. School Library

  2. 2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations • Impact Of Tax Certiorari Claims/Settlements • Changes In Assessed Valuation • Transportation • Purchase Of Replacement Buses • Incarcerated Youth • Increase In Allocation/Increase In Resulting State Aid

  3. 2007-2008 SCHOOL BUDGETSignificant Budgetary Considerations • Health Insurance Increases • Salary Increases • Retirement Cost Increases • Workers Compensation/Liability Insurance Cost Increases • High School Tuition Increases

  4. 2007-2008 March 6, Draft # 1 Budget$22,284,194 • The Initial Draft Budget Provides for: • Budget to Budget Increase of 9.28% • Projected Tax Rate Increase: • With Assessment Changes: Greenburgh 18.72% Mt. Pleasant 18.20% • Without Assessment Changes: Greenburgh 7.50% Mt. Pleasant 7.03%

  5. 2007-2008 March 12 Draft # 2 Budget$21,830,565 • Draft # 2 Budget dated Provides for: • Budget to Budget Increase of 7.05% • Projected Tax Rate Increase: • With Assessment Changes: Greenburgh 16.34% Mt. Pleasant 15.83% • Without Assessment Changes: Greenburgh 5.35% Mt. Pleasant 4.88%

  6. 2007-2008 March 14 Draft # 3 Budget$22,041,265 • Draft # 3 Budget Dated Provides for: • Budget to Budget Increase of 8.09% • Projected Tax Rate Increase: • With Assessment Changes: Greenburgh 17.09% Mt. Pleasant 16.57% • Without Assessment Changes: Greenburgh 6.02% Mt. Pleasant 5.55%

  7. 2007-2008 March 26, Draft # 4 Budget$21,724,610 • The Draft 4 Budget Provides for: • Budget to Budget Increase of 6.53% • Projected Tax Rate Increase: • With Assessment Changes: Greenburgh 15.02% Mt. Pleasant 14.51% • Without Assessment Changes: Greenburgh 4.09% Mt. Pleasant 3.63%

  8. 2007-2008 Adopted Budget April 10, $21,604,610 • The Adopted Budget Provides for: • Budget to Budget Increase of 5.95% • Projected Tax Rate Increase: • With Assessment Changes: Greenburgh 14.21% Mt. Pleasant 13.71% • Without Assessment Changes: Greenburgh 3.36% Mt. Pleasant 2.90%

  9. 2007-2008 Adopted Budget$21,604,610 Budgeted Revenue

  10. 2007-2008 Adopted BudgetHighlights of The Budget • Technology (IPA) $ 449,237 • Tractor Replacements $ 43,270 • Replacement of 2 large buses $ 50,000 (Interest & Principal) • Interscholastic Program $ 45,398 • Summer Camp $ 260,688 • Swim Program $161,754 • After School Program $ 52,948

  11. Summary of Budgetary Increases/ (Decreases)Adopted Budget • Salaries $ 248,424 • Tuition $ 677,658 • Benefits $ 186,536 Equipment $ ( 1,014) Contractual $ 7,534 Supplies $ ( 29,461) • Textbooks $ (43,313) • BOCES $ 129,932 Incarcerated Youth $ 437,425 • Debt Service $ 48,866 • Capital Projects $ (450,000) • Total $ 1,212,587

  12. Impact of Change In Assessment2007-2008

  13. Percentage Change in Tax LevyWestchester County School Districts2007-2008 as of 4-18-07 1. 8.50% 12. 6.30% 2. 8.45% 13. 6.27% 3. 8.27% 14. 5.90% 4. 7.73% 15. 5.62% 5. 7.55% 16. 5.60% 6. 7.44% 17. 5.30% 7. 6.94% 18. 4.67% 8. 6.79% 19. 4.53% 9. 6.69% 20. 4.29% 10. 6.63% 21. 3.15% Pocantico Hills 11. 6.54% 22. 2.71% Average 6.08%

  14. Tax Rate Comparison 2006-2007 Tax Rates School True Value Taxes on District Tax Rate $500,000 Index 1 19.08 $9,540 2.69 10 15.75 $7,875 2.22 20 14.64 $7,320 2.06 30 12.46 $6,230 1.75 40 10.56 $5,280 1.49 45 8.78 $4,390 1.24 Pocantico 7.10 $3,550 1.00

  15. 2007-2008 Adopted BudgetIncrease • Total Budget to Budget Increase 5.95% • Mandated, Or Mandated By Community Expectations 5.31% • Increase In Non Mandated Costs .64% • Total 5.95%

  16. 2007-2008 Adopted Budget$21,604,610 • Total Budget $21,604,610 • Mandated, Or Mandated By Community Expectations $21,364,179 98.89% • NonMandated Costs $ 240,4311.11% • Total $21,604,610 100.00%

  17. Mandated and/or Mandated by Community Expectations • Board of Education ($6,150) • District Clerk ($3,000) • District Meeting $ 3,800 • Central Administration $19,379 • Auditing ($ 875) • Treasurer ( $ 967) • Legal $15,213

  18. Mandated, and/or Mandated by Community Expectations • Public Information Services ($ 7,550) • Maintenance & Operations $101,446 • Postage $ 2,463 • Liability Insurance $ 4,487 • Student Accident Insurance • School Association Dues $ 1,137

  19. Mandated, and/or Mandated by Community Expectations • Assessment on School Property ($ 14,251) • Refund of Real Property Tax $ 7,299 • BOCES Administrative Costs $ 3,751 • Instruction & Supervision $509,775 • Foreign Language • Pre Kindergarten • Kindergarten • Art – Required for Middle School only • Music – Required for Middle School only

  20. Mandated, and/or Mandated by Community Expectations • Programs for Students With Disabilities $651,372 • Academic Intervention Services $ 17,930 • Library Services ($19,996) • Library Book Replacement • State Aided Computer Assisted Instr. $150,731 • 3rd Year IPA • Pupil Personal Services Program ($4,662) • Interscholastic Athletics ($4,067)

  21. Mandated, and/or Mandated by Community Expectations • Transportation $16,071 • Bus Monitors • Community Service ($ 4,938) • Community Recreation (Pool) • Summer Camp • After School Program • Employee Benefits $186,536 • Debt Service $ 48,866 • INTERFUND Transfers ($450,000) • Lunch Fund • Total Budget Increase $1,212,589 5.95%

  22. 2007-2008 Budgetary Items Not Mandated • Clerical Overtime $ 7,500 • Custodial Overtime $ 41,000 • Custodial Equipment $ 46,470 • Instructional Supervision $ 13,400 • In-Service Training $ 58,598

  23. Assessed Valuation History Mt. Pleasant Greenburgh 2003-04 16,715,484 41,933,416 2004-05 16,631,073 41,723,576 2005-06 16,248,572 40,879,798 2006-07 15,870,156 40,827,504 2007-08 est. 15,274,065 34,961,691 06-07/07-08 Change (596,091) (5,865,813) Tax Rate Impact: 10.81% 10.85%

  24. Assessed Valuation Mt. PleasantAfter Tax Certiorari Claim SettlementsDecrease of $596,091

  25. Assessed Valuation – GreenburghAfter Tax Certiorari Claim SettlementsDecrease of $5,825,813

  26. Adopted Budget 2007-2008 Budget Deletions From Initial Draft • A1010-BOARD OF EDUCATION Page 4 400-CONTRACTUAL EXPENSES $ 7,355 450-Supplies & Materials $ 2,000 $9,355 • A1040-District Clerk Page 4 400-Contractual Expenses $ 8,000 $8,000 • A1240 – SUPERINTENDENT Page 5 200-Equipment $ 3,000 400-Contractual Expenses $ 1,200 450-Supplies & Materials $ 1,900 $6,100

  27. Adopted Budget 2007-2008 Budget Deletions From Initial Draft • A1310-Business Administration Page 6 160-Non Instructional Salaries $ 7,500 450-Materials & Supplies $ 1,500 490-BOCES Service $ 2,500 $11,500 • A 1325-Treasurer Page 6 160 Non-Instructional Salary $ 5,000 $ 5,000 • A1380-Fiscal Agent $ 650 $ 650

  28. Adopted Budget 2007-2008 Budget Deletions From Initial Draft • A1480-Public Information Services Page 8 400-Contractual Expenses $ 500 450-Materials & Supplies $ 2,500 $ 3,000 • A1620- CENTRAL SERVICES Page 9 400-Contractual Expenses $ 53,750 450-Materials & Supplies $ 4,000 $57,750 • A1621- Maintenance Page 9 160-Non Instructional Salaries $ 1,000 $ 1,000

  29. Adopted Budget 2007-2008 Budget Deletions From Initial Draft • A2020-INSTRUCTIONAL SUPERVISION Page 12 160 - Non Instructional Salaries $ 2,500 400- Contractual $ 2,000$ 4,500 • A2110 – TEACHING REGULAR SCHOOL Page 12 120-Teacher Salary 1-5 $ 268,559 160-Non Instructional Salaries $ 19,110 200-Equipment $ 25,935 400-Contractual $ 33,520 450-Materials & Supplies $ 57,831 480-Textbooks $ 50,210$ 455,165

  30. Adopted Budget 2007-2008 Budget Deletions From Initial Draft • A2250- STUDENTS WITH DISABILITES Page 13 150-Instructional Salaries $ 5,000 160-Teacher Aide $ 19,110 200-Equipment $ 1,000 400-Contractual Expenses $ 4,330 450-Materials & Supplies $ 1,000 $30,440 • A2610-SCHOOL LIBRARY & AV Page 14 400-Contractual Expenses $ 1,180 450-Materials & Supplies $ 16,125 $17,305

  31. Adopted Budget 2007-2008 Budget Deletions From Initial Draft • A2630-Computer Assisted Instruction Page 14 200-Equipment $10,000 400-Contractual $ 5,000 490-BOCES SERVICES $12,506 $22,506 • A2800 – Pupil Personal Services Page 15 150-Instructional Salaries $10,500 160-Non Instructional Salaries $ 2,125 200-Equipment $ 700 400-Contractual $ 1,000 450-Materials & Supplies $ 4,000 $18,325

  32. Adopted Budget 2007-2008 Budget Deletions From Initial Draft • A2855-INTERSCHOLASTIC ATHLETICS Page 15 160-Non Instructional Salaries $ 5,000 450-Materials & Supplies $ 1,000 $ 6,000 • A8070-CENSUS Page 17 400-Contractual $ 15,000 460-Software $ 2,048 490-BOCES Services $ 5,940 $22,988 • TOTAL $679,584 2007-2008 Initial Draft $22,284,194 2007-2008 Adopted Budget $21,604,610 Difference $ 679,584

  33. Tax Rate Impact 2007-2008 Adopted BudgetGreenburgh Assessed 2006-07 2007-08 Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 3,050 663 758 94 8 250,000 7,625 1,659 1,895 236 20 500,000 15,250 3,317 3,789 472 39 750,000 22,875 4,976 5,684 707 59 1,000,000 30,500 6,635 7,578 943 79 Note: Assumes same assessed value in 2006-2007 and 2007-2008

  34. Tax Rate Impact 2007-2008 Adopted BudgetMt. Pleasant Assessed 2006-07 2007-08 Annual Monthly FMV Value Taxes Projected Increase Increase 100,000 1,400 666 758 91 8 250,000 3,500 1,666 1,895 228 19 500,000 7,000 3,332 3,789 457 38 750,000 10,500 4,998 5,684 685 57 1,000,000 14,000 6,664 7,578 914 76 Note: Assumes same assessed value in 2006-2007 and 2007-2008

  35. Contingency Budgets Single revote: Upon the defeat of the original proposed school budget, a district may resubmit the original budget, submit a revised budget, or adopt a contingency budget. If the voters fail to approve the budget upon the second vote, the district must adopt a contingency budget. Expanded definition: Interscholastic athletics, field trips, other extracurricular activities, and related transportation expenses are contingent expenses.

  36. Contingency Budgets Administrative cap: The administrative component of a contingency budget will be limited to the lesser of: 1) the percentage of the administrative component in the prior year’s budget or 2) the percentage of the administrative component in the last defeated proposed budget. Cap on total spending: Total spending under a contingency budget may not increase by more than 120 % of national CPI or 4.00%, whichever is lower. For 2007-08 the cap is 3.84 %.

  37. 2007-2008 Contingency Budget • How the contingency/austerity budget cap is calculated: • 2006-2007 Adopted Budget $19,916,971 • Less Debt Service $( 489,309) • Adjusted Base Year Budget $19,427,662

  38. 2007-2008 Contingency Budget • How the maximum contingency/austerity budget cap is calculated: • Adjusted Base Year Budget $19,427,662 • Adjusted Budget x 120% of CPI 3.84% $20,173,684 • Debt Service $ 538,175 • Growth Related Expenditures $ 726,925 • Maximum Contingency Budget $21,438,784 • Required Budgetary Cuts $ 165,826

  39. Possible Areas of Expense ReductionAllBudgetary Items will Be Considered Items listed below are not in Priority Order • Non Mandated Academic Programs • Student Supplies • Community Use of Buildings and Grounds • Certain Equipment • Software • Staff • Technology • Overtime • Field Trips • Summer Camp/Swim Program

  40. Tax Rate Table BUDGET AMOUNTIMPACT ON TAX RATE $ 100,000 .68% $ 150,000 1.00% $ 250,000 1.69% $ 500,000 3.37% $ 750,000 5.05% $ 1,000,000 6.74%

  41. BUDGETARY OVERVIEW OF 2007-2008 BUDGET DEVELOPMENT

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