PROPOSED BUDGET 2019-20 Overview and Revenue Projections Budget Preview February 5, 2019

1. PROPOSED BUDGET 2019-20Overview and Revenue Projections Budget Preview February 5, 2019 Inspiring Minds, Empowering Achievements, Building Community

2. Mission Statement The Garden City School District seeks to create an environment for learning which enables each student the opportunity to grow as an individual as well as a group member while striving to achieve the optimal level of academic, social and personal success. Students will thrive in a learning environment that is developmentally appropriate, individualized and challenging. Our goal and responsibility is to help each student develop an enthusiasm for learning, a respect for self and others, and the skills to become a creative independent thinker and problem solver.

3. Garden City Public Schools • A long tradition of high achievement • Excellent “return on investment” • A history of sound fiscal management • A commitment to continuous improvement • A key element in making Garden City a “destination location” • A major component of the local economy

4. Garden City Public Schools • AA1 bond rating • Collaborative relationship with Village government • Participation in county & regional consortia seeking to lower costs • District provides its own bus transportation

5. Budget Drivers • Salaries & benefits • State & Federal mandates • State standards and regulations • Enrollment and class sizes  • School security and student safety • Tax levy increase is determined by state legislation School Funding Formula

6. District Priorities • Ensure the continued tradition of excellence in teaching and learning • Provide a safe learning environment  • Continue to enhance the use of technology • Maximize the use of personnel at all levels • Adhere to BOE class size guidelines • Maintain and expand course offerings • Ensure school buildings and facilities continue to be safe, clean, well-maintained, and energy efficient

7. Proposed 2019-2020 Budget: $117,999,968 Budget to budget increase: $2,194,685 or 1.90% Projected tax levy increase (with STAR): 2.08% Maximum Allowable Tax Levy: 2.08 %

8. The Tax Levy Cap: How It Works and the Challenges It Presents

9. Tax Levy Cap Not exactly a “cap” Not really 2% Instead, requires 60% voter approval if the proposed tax levy is above the “tax levy limit” There is an 8-step formula for determining the “tax levy limit”

10. How is the tax levy cap computed?

12. CPI History:An Average Far Below 2%

14. 2019-20 Proposed BudgetSources of Revenue • State Aid • Local Revenue • PILOTs (Payments in Lieu of Taxes) • Appropriation from Reserves • Fund Balance Allocation • Property Taxes

15. 2019-20 REVENUE SOURCES

16. Summary of Revenues

17. Summary of Revenues

18. Revenue Category Percentages

19. 2019-20 Proposed Budget: Sources of Revenue

20. Building Our Budget Step I • Roll over existing budget to new year • Maintain all programs/services at current levels • Identify changes in population/enrollment • Include all mandated increases • Add any new mandates • Review existing programs for efficiencies • Explore new program service options to benefit students

21. Building Our Budget Step II • Revenue Determination • State, Federal, Local, other • Calculate Tax Levy Limit • Figure gap between allowable Tax Levy Limit and initial expenditure budget • Reduce controllable costs • Maximize available reserves • Recalculate the gap • Review options for eliminating the gap • Focus on non-program changes • Propose budget that functions within the Cap

22. Budget Calendar