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2014-2015 Superintendent’s Proposed Budget

Oswego City School District Where Learning Never Ends…. 2014-2015 Superintendent’s Proposed Budget. 3-11-14 By: Ben Halsey, Superintendent & Nancy Squairs, Business Administrator . Vision & Core Values. Mission:

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2014-2015 Superintendent’s Proposed Budget

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  1. Oswego City School District Where Learning Never Ends… 2014-2015 Superintendent’s Proposed Budget 3-11-14 By: Ben Halsey, Superintendent & Nancy Squairs, Business Administrator

  2. Vision & Core Values • Mission: The mission of the Oswego City School District is to empower all students to reach their full potential in the best possible engaging learning environment. • Goals: Identify and implement elements of highly effective instruction. Implement strategies to increase graduation rates. Create and maintain an engaging, safe and motivating environment that promotes meaningful connections with all students. Support fiscally responsible budgets and manage within district priorities. Conduct administrative staffing study of school district for effectiveness and efficiency identifying any areas of need and/or superfluity.

  3. Agenda • Governor's Executive Budget Proposal • Governor’s 2014-2015 State Aid Proposal • Oswego City School District 2014-2015 Revenue & Expense Projection • Closing the GAP

  4. 2014-2015 Governor’s Executive Budget 2013-2014 21.1 billion 2014-2015 21.9 billion Increase of 807 million dollars Total Education Aid to districts increases by 3.8% NYS has $2,000,000,000 Billion Dollar Surplus

  5. State Aid 2013-2014 2014-2015 Total aid $ 17,582,355 $ 17,647,466 GEA $ -1,737,674 $ -1,737,674 (Gap Elimination Adjustment) GEA Restoration $ 0 $ 321,423 Building Aid $ 3,484,183 $ 3,322,000 Total Aid $ 19,328,864 $ 19,553,215 • $ Change 224,351 % Change Total Aid 1.15%

  6. The GAP ELIMINATION ADJUSTMENT 2010-11 to 2013-14

  7. Revenue Sources Approximately .19 cents of every dollar we receive is State Aid. Approximately .25 cents of every dollar we receive is Property & Sales Tax. Approximately .29 cents of every dollar is generated by pilot agreements.

  8. 2014-15 Revenue Projection $ in millions

  9. Expenses Chart as % of total Budget Expenditure

  10. 2014-15 Expense Projection $ in millions

  11. Pension Cost

  12. 2014-15 GAP $ in millions

  13. Tax Rate

  14. Tax Levy

  15. Enrollment

  16. Staff

  17. Next Steps • Questions?

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