1 / 26

Hammondsport Central School

Hammondsport Central School. 2014-2015 Budget Information. 2014-2015 Budget facts. The 2014-2015 Budget Includes Funding That Will Allow Us To Continue to Offer: Advanced Placement Courses;

brittany-perez
Download Presentation

Hammondsport Central School

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Hammondsport Central School 2014-2015 Budget Information

  2. 2014-2015 Budget facts • The 2014-2015 Budget Includes Funding That Will Allow Us To Continue to Offer: • Advanced Placement Courses; • Dual credit courses that lead to college credit through Corning Community College and Alfred University; • Career and Technical Education Courses at GST BOCES; • Electives in Band, Chorus, Art, Business, Technology, and Spanish with appropriate enrollment; • Academic support services as needed; • Special education programs and services as required; • Access to a social worker, youth counselor and school resource officer on campus; • High school summer school opportunities including Driver’s Education; • Sports opportunities with appropriate enrollment at the Varsity, Junior Varsity, and Modified levels; • Co-curricular opportunities such as Ski Club, Yearbook, Spanish Club, etc, with appropriate enrollment. • District Universal Pre-Kindergarten for ALL eligible students; • Professional development for our teachers and District staff; • The one-to-one iPad initiative that began in 2013 and expand that program to grades 7 and 8.

  3. Budget Totals

  4. State Revenue

  5. 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.

  6. Three Part Budget

  7. Current Year Versus Proposed Expenditures by Category

  8. Current Year Versus Proposed by Type

  9. Proposed Expenditure Budget • Proposed budget of $13,088,566. • Budget Increase of $624,748 or 5.01% • Largest Budget Increases are in the areas of: • Instruction $210,393 • Debt Service $154,955 • Benefits $227,638 • Three Largest Areas: $592,986

  10. Projected Revenue 2013-2014 2014-2015 • Projected State Aid • Inclusive of Building Aid: $3,875,991 $4,154,075 • Reserves/Fund Balance: $450,000 $600,000 • Other Revenue $55,000 $118,000 • Total $4,380,991 $4,872,075

  11. State aid History

  12. Budget revenue history

  13. Estimated Levy

  14. HCS tax cap calculation

  15. Tax levy history

  16. Tax levy history • Since 2008-2009, the tax levy has increased by $786,395. • That equals a total tax levy increase of 10.58% over a period of seven years. • From 2008-2009 through the proposal of 2014-2015, the average tax levy increase has been 1.51%.

  17. Historical tax rate per $1,000 0f true value

  18. Tax Impact on A $100,000 Home (Town of Wayne, urbana, tyrone, or pulteney)

  19. Projected Tax Rates

  20. Difficulties ahead

  21. How Will We Balance Our Budget This Year?

  22. Proposition #2 Board of Education Candidate One five year term will be available One slot is available and is a five-year term.

  23. Proposition #3authorization to create and fund a Capital Reserve • Shall the Board of Education of the Hammondsport Central School District be authorized and directed to establish a new Building Capital Reserve Fund with the purpose of such fund being to finance replacement of the District’s 1954 boilers, continued asbestos removal, and necessary new construction, reconstruction, renovation and equipping of the school building and facilities? The term of such reserve would be fifteen (15) years with the ultimate amount of $3,000,000 moving through said fund over that time.

  24. Proposition #4 authorization to purchase buses from fund balance and transportation capital reserve • Shall the Board of Education of the Hammondsport Central School District be authorized to purchase one (1) sixty six (66) passenger bus and one (1) seventy one (71) passenger bus for an estimated aggregate sum not to exceed $216,720, less any trade in value, and to expend from the Capital Reserve for Transportation $116,720 towards said purchase of District buses with the remaining funds coming from the 2013-2014 General Fund Balance? There is no current or future tax impact should this proposition be approved.

  25. VOTE • Tuesday, May 20th, 2014 • 12 Noon to 8 PM • Main Street School Lobby

  26. Thank you

More Related