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Newburgh Enlarged City School District

Newburgh Enlarged City School District. 2011 – 2012 Proposed School Budget 2011 – 2012 Newburgh Free Library Budget. How is a budget created?.

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Newburgh Enlarged City School District

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  1. Newburgh Enlarged City School District 2011 – 2012 Proposed School Budget 2011 – 2012 Newburgh Free Library Budget

  2. How is a budget created? • By using information from the prior years’ financial statements, current revenues and expenditures, debt service commitments, cash flow, collective bargaining agreements, capital plans and new or pending legislation • With knowledge of current economic conditions, interest rates and input from taxpayers or other interested groups • With the needs to deliver the best, affordable education possible to the students of the district

  3. New Governor Same Problems • New York State is Broke • Governor Cuomo’s aid package to Newburgh calls for: • $15 million gap elimination adjustment (Cut in State Aid = Shift to Local Taxpayers) • No relief in State mandated expenditures

  4. Loss of State Aid • Newburgh’s “gap elimination adjustment” totaled $14,974,434 • This is an automatic increase of 15% in taxes to the taxpayers if the budget remains the same • (Approximately every $1 million = 1% in taxes)

  5. Summary of budget changes DateChangesBudgetTax Impact 1/30/11$236,740,492 24.84% 2/17/11 ($ 2,206,091) $234,534,401 22.49% 3/03/11 ($ 1,498,533) $233,065,868 20.90% 3/21/11 ($10,780,155) $222,255,713 9.43% 3/31/11 ($ 2,060,891) $220,194,822 7.24% 4/05/11 ($ 1,252,793) $218,942,029 5.91% BOE sanctioned $2,000,000 use of fund balance for a net tax impact 3.78%

  6. 2011-2012 Proposals 2010-2011Budget$226,468,391 Decrease($ 7,526,362)-3.32% Proposed Budget $218,942,029 2010-2011 Tax Levy $ 94,011,215 Increase$ 3,553,057 3.78% Proposed Tax Levy $ 97,564,272 (Assumes the use of $2 million of fund balance)

  7. Budget Breakdown New York State requires that budgets be broken down into three components for public presentation • Administrative – includes all non-classroom expenses associated with operating the schools and the district. Costs such as salaries, benefits, supplies, and equipment of district offices and schools’ offices as well as other district expenses for insurance, counsel, professional development and other indirect costs for delivering instruction. • Program – includes all expenses directly related to delivering instruction to students such as all salaries, benefits, curriculum, classroom and transportation costs. • Capital – includes all costs associated with operating the buildings such as utilities and maintenance including outstanding bond debt from prior voter approved projects.

  8. Newburgh Free Library Budget (Proposition 2)

  9. Newburgh Free Library Budget(Proposition 2) Proposes $148,234 increase in the tax levy, or 4.0%, from $3,705,861 to $3,854,095 Maintains services and programs with no new positions Uses fund balance to minimize tax request

  10. Newburgh Free Library Budget(Proposition 2) Estimated Revenue:2010/112011/12Change Property Tax $3,705,861 $3,854,095 $ 148,234 State Funds 211,025 183,800 ( 27,225) Local Revenues 78,000 78,000 0 Fund Balance 245,457 276,519 31,062 Total Revenues $4,240,343 $4,392,414 $ 152,071 Estimated Expenses:2010/112011/12Change Personnel & Benefits $3,090,543 $3,242,614 $ 152,071 Materials & Collections 494,000 494,000 0 Utilities & Services 489,800 489,800 0 Equipment & Supplies 166,000 166,000 0 Total Expenses $4,240,343 $4,392,414 $ 152,071

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