2012-2013 Budget Presentation

1. 2012-2013 Budget Presentation Public Hearing May 8, 2012

2. Dates to Remember PUBLIC HEARING Tuesday, May 8, 2012 7:00 p.m. Distance Learning Room #127 ANNUAL MEETING AND ELECTION Tuesday, May 15, 2012 12:00 Noon to 8:00 p.m. Auditorium Lobby

3. Propositions To Be Voted On • To adopt the annual budget of the School District for the fiscal year 2012-2013 and to authorize the requisite portion thereof to be raised by taxation on the taxable property of the District. • That the Board of Education be authorized to expend up to $150,000 from the existing Transportation Vehicle Replacement Reserve Fund and to authorize the requisite portion thereof to be raised by taxation on the taxable property of the District for the purchase of one (1) school bus; one (1) truck and to expend therefore a gross sum not exceeding $150,000. • To elect one member of the Board of Education for a five year term commencing July 1, 2012 and expiring on June 30, 2017 to succeed Brian Patterson whose term expires on June 30, 2012.

4. Assumptions • Retirements • Teaching Assistant – will not replace • Building Maintenance Mechanic – must replace • CSE Chairperson – will not replace • Shared Services • Prattsburgh, Hammondsport and Avoca will be expanding our shared special education offerings. • Bond Refunding Savings • Contractual Settlements • CSEA 2% • Confidential/Managerial 1.75% • Administrative 2%

5. Assumptions • Employee Benefits • State Enforced Rates: • TRS - 11.84 % of salaries up from 11.11% in 11-12 • ERS – 18.9% of salaries up from 16.3% in 11-12 • Locally Managed Rates: • Health Insurance – rates increase by 2% • CSEA members change plans and increase contribution • Confidential/Managerial and Administrative increase contribution • Workers Compensation • Premium increase of 7,792 following last years decrease of 6,281

6. Assumptions • BOCES OCCUPATIONAL EDUCATION SAVINGS • Due to the aging out of two very large grade levels at the high school, enrollment in BOCES Career and Technical Education Programs has declined • Tuition charges for these programs is based on the actual enrollment during the 2010-11 school year • For 12-13 we will realize a savings of 110,892 • We do not anticipate any significant savings in future years in these programs , since enrollment has leveled off

7. Budget Proposition • To adopt the annual budget of the School District for the fiscal year 2012-2013 and to authorize the requisite portion thereof to be raised by taxation on the taxable property of the District.

8. 2012-2013 Proposed Administrative Budget • Notable Changes: • Increase in Costs for Auditing Services • Increase for Additional Training for Implementation of APPR • TRS/ERS and Health Insurance Increase

9. 2012-2013 Proposed Program Budget • Notable Changes: • Decrease in Special Education Costs • Decrease in CTE Costs • Shift of Phone Service Costs to BOCES • TRS/ERS & Health Insurance Increase

10. 2012-2013 ProposedCapital Budget • Notable Changes: • Shift of Costs for Phone Services to BOCES Code • TRS/ERS and Health Insurance Cost Increases • Decrease in Costs for Debt Service due to Refunding of Bonds

11. Refunding Bonds • Original Amount – $7,440,000 • Issued on 8/15/02 • Last Maturity on 6/15/19 • Callable on 6/15/12 • CALLABLE - A bond that can be redeemed by the issuer prior to its maturity. • Principal Balance on 6/30/11 - $4,060,000 • Average Coupon 4.38% - reissued at 1.98%

12. Debt Service Savings

13. Debt Service

14. % of Budget Changes

15. 2012-2013 Budget Appropriations

16. 2012-2013 Budget Appropriations

17. REVENUES

18. Revenue • State Aid – Largest Source of Revenue • Determined by Various Formulas in NYS Budget Process • Foundation Aid – general operating aid • Building Aid – aid on capital construction projects • High Cost/Excess Cost – aid for student program costs above an established threshold • BOCES – Expense Driven Aid based on est. RWADA of 77.8% • Transportation – Expense Driven Aid ratio est. to be 81.7% • Instructional Materials - based on statewide per pupil amount for Textbooks, Software, Library Materials and Computer Hardware • Real Property Taxes – Second Largest Source of Revenue • Limited by Tax Levy Limit Formula

19. Tax Levy Limit • Formula to calculate maximum tax levy • Begins with 2012-13 school year budget • In effect through at least 2016-17. Thereafter it remains in effect only so long as regulation and control of residential rents and evictions (i.e., rent control) laws are in place • Reported to NYS Comptroller on 3/1/12

20. Tax Levy Limit • Exclusions • The law allows local governments to exclude levy necessary to support the following: Pension contributions due to increases in the statewide contribution rate over 2 percentage points • Expenditures resulting from court orders or judgments arising out of tort actions that exceed 5% of the total tax levied in the prior fiscal year • The local portion of capital expenditures (school districts only)

21. Tax Levy Limit Avoca Central School District Proposed Tax Levy $2,525,349 1.9%

22. Revenue • Other Revenues • Pilot Payments • Interest and Penalties on Real Property Taxes • Admissions and Other Charges/Fees • Interest and Earnings • Refund of Prior Year Expenses (BOCES) • Debt Service Transfer • Debt Service Reserve Funds to cover the local share of the Capital Project Costs • Fund Balance • Funds remaining at the end of the prior year

23. Revenue Comparisons

24. Revenue

25. Tax Levy and rate

26. 2012-2013 Proposed Tax Levy

27. GST BOCES 2012-2013 TAX LEVY % CHANGE COMPARISON

28. Proposed Tax Rate

29. Tax Rate Per Thousand

30. 2011-12 FULL VALUE TAX RATE COMPARISON

31. STAR Program The following chart identifies the impact basic and enhanced STAR exemptions have on a $50,000 and $100,000 home assessed at Full Market Value.

32. Proposition #2 – Vehicle Replacement • That the Board of Education be authorized to expend up to $150,000 from the existing Transportation Vehicle Replacement Reserve Fund and to authorize the requisite portion thereof to be raised by taxation on the taxable property of the District for the purchase of one (1) school bus; one (1) truck and to expend therefore a gross sum not exceeding $150,000.

33. Proposition #3 – Board Member Election • To elect one member of the Board of Education for a five year term commencing July 1, 2012 and expiring on June 30, 2017 to succeed Brian Patterson whose term expires on June 30, 2012

34. The New York State District Report Card 2010-11 Comprehensive Information Report

35. NYS School Report Card Students with Disabilities

36. Overview of School Performance Level Descriptors • Level 1 not meeting learning standards • Level 2 partially meeting learning standards • Level 3 meeting learning standards • Level 4 meeting learning standards with distinction

37. % of Students Who Scored at or Above Level 3

38. % of Students Who Scored at or Above Level 3

39. % of Students Who Scored at or Above Level 3

40. 2010-11 Regents Results

41. Other School Report Card Information

42. NYS School Report Card Fiscal Accountability Supplement

43. 2012-13 Budget Presentation Thank you for coming!