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Somersworth School Department FY 2014-2015 Proposed Budget

Somersworth School Department FY 2014-2015 Proposed Budget. February 11, 2014. FY 2014-2015 Proposed Budget. TAX CAP INCREASE (an estimate at this point) $ 303,000 CPI - Urban Index of approximately 1.5 %. FY 2014-2015 Proposed Budget. Contractual Obligations Salaries $ 87,582

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Somersworth School Department FY 2014-2015 Proposed Budget

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  1. Somersworth School Department FY 2014-2015 Proposed Budget February 11, 2014

  2. FY 2014-2015 Proposed Budget TAX CAP INCREASE (an estimate at this point) $303,000 CPI - Urban Index of approximately 1.5 %

  3. FY 2014-2015 Proposed Budget Contractual Obligations • Salaries $ 87,582 • Benefits $ 20,417 • SAU56 Assessment $ 8,071 • PT/OT Services $ 50,000 • SHS NEASC Fee $ 15,000 • Technology & Resource Officer $ 6,439 • Transportation $ 13,792 • Bond Principal & Interest $ 46,531 • Negotiation Contracts (additional) $150,000 Total Proposed Increase $397,832

  4. FY 2014-2015 Proposed Budget Contractual Obligations $397,832 $303,000 Tax Cap $ 94,832 Short

  5. FY 2014-2015 Proposed Budget OTHER CONSIDERATIONS

  6. FY 2014-2015 Proposed Budget Programs Needed to Maintain School Approval Status • PT SHS Family/Cons. Science $ 40,000 • One Block Broadcasting Teacher $ 15,000 based on Comcast equipment offered at CTC • PT Elementary Media Spec. $ 40,000 $ 95,000 (Still $ 94,832 Short – Tax Cap.)

  7. FY 2014-2015 Proposed Budget CIP For FY 2014-2015 • Three HVAC Units $300,000 • SMS Lockers $ 80,000 • SHS Asbestos/Floor Replacement $ 53,500 • One Boiler $100,000 CIP TOTAL $533,500 (Still $ 94,832 Short – Tax Cap.)

  8. FY 2014-2015 Proposed Budget OPTION ONE

  9. FY 2014-2015 Proposed Budget Current Budgeted CIP FY 2014-2015 $175,000 Less: Tax Cap Shortage $ 94,832 CIP Balance $ 80,168 Keep in mind if new Principal/Interest is removed from CAP that would add $46,531 to our CAP amount which would be used to hire 1 Block Broadcasting Teacher.

  10. FY 2014-2015 Proposed Budget Other Considerations For FY 2014-2015 CIP Balance$ 80,168 CIP - SMS Lockers $ 80,000 CIP Balance $ 168 Hiring 1 Block Broadcasting Teacher $ 15,000 If we have Principal/Interest removed from CAP

  11. FY 2014-2015 Proposed Budget POSITIONS/CIP NOT INCLUDED IN PROPOSED BUDGET POSITIONS: PT SHS Family/Cons. Science One Block Broadcasting Teacher PT Elementary Media Spec. CIP: Three HVAC Units SMS Lockers SHS Asbestos/Floor Replacement One Boiler

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