Superintendent’s Proposed 2013-2014 General Fund Budget

1. Katonah-Lewisboro Union Free School District Superintendent’s Proposed 2013-2014 General Fund Budget Community Budget Presentation May 2013

2. Board of Education Goal # 3.0 – Budget Adoption Adopt a fiscally responsible 2013 – 2014 budget, that to the maximum extent possible, • maintains and, where feasible, enhances district programming and; • achieves spending levels within the property tax cap mandated by the State of New York.

3. The Proposed Budget The current budget: $112,996,167 The proposed budget: $114,879,543 Budget to Budget Percent Increase: 1.67%

4. Budget History The District has been operating under a “self imposed” tax cap for numerous years.

5. Major Budget Increases

6. Reductions/Mitigations in Cost Increases • Staff/Personnel $ 826,000 • Transportation (Equipment) $ 1,040,150 • Special Education $ 500,000 (Majority of Special Ed reductions included in Staff/Personnel above) • Debt (Bus Purchases/Other) $ 113,000 *Healthcare: Although healthcare was mentioned on the previous slide associated with significant increases, it is important to note that nearly $300,000 of increase in this area was offset through transitioning Pharmacy Benefit Managers with the assistance of a health benefits consultant. The District continues to conduct significant work in this area which should result in significant savings in the 2014-15budget.

7. Tax Cap • The allowable Tax Levy increase for KLSD, including exemptions is $1,558,178 or 1.53%. • The Tax Levy increase proposed in the 2013-2014 Superintendent’s budget is $102,981,072 or 1.34%. • The budget as proposed would require a simple majority vote to be approved (at least 50% plus 1 vote). • If the Board of Education presented a budget that necessitated a Tax Levy increase in excess of $1,558,178 then a (super) majority vote of 60% would be required. • In addition to the New York State tax cap, most of the contingent budget requirements still remain in effect. • A budget may only be presented twice to the voters for consideration. • If the budget is defeated both times, then the Tax Levy will be $101,615,151. This would require reductions, in addition to what is already presented, in the amount of $1,365,921.

8. Enrollment

9. Staffing Since 2007-08 the District has experienced a reduction in staffing of approximately 19%

10. Tax Levy

11. Projected Revenues* *At this time, all revenues are projected and may be adjusted when new information becomes available.

12. Tax Rate

13. The Percent Share of the Tax Levy is Proportioned Based on the Total Full Value of the Property in Each town… As you can see – During 2013-14 the total full value of the property in the school district is shifting from Lewisboro to Bedford. Because of this phenomenon, even if the tax levy was exactly the same in 2013-14 as it was in 2012-13, the tax rate in the Town of Bedford would still increase by 5.27%

14. Tax Rate Changes Projected Tax Rates: Bedford 2013-14 Rate6.68% 2012-13 Rate 6.53% 2011-12 Rate 2.06% 2010-11 Rate 7.45% 2009-10 Rate -1.47% 2008-09 Rate 5.30% Lewisboro 2013-14 Rate 0.22% 2012-13 Rate 1.69% 2011-12 Rate 5.79% 2010-11 Rate 1.22% 2009-10 Rate 1.98% 2008-09 Rate 0.50% Note: Rates are subject to change based on change in assessed values.

15. Tax Rate Changes Projected Tax Rates: North Salem 2013-14 Rate 6.10% 2012-13 Rate -1.31% 2011-12 Rate 7.69% 2010-11 Rate -2.75% 2009-10 Rate 1.98% 2008-09 Rate 7.80% Pound Ridge 2013-14 Rate 5.17% 2012-13 Rate-2.05% 2011-12 Rate 8.23% 2010-11 Rate 0.56% 2009-10 Rate 1.53% 2008-09 Rate 2.15% Note: Rates are subject to change based on change in assessed values.

16. The tax rate in the Town of Bedford is projected to increase by 6.68%. How much will my tax bill increase? 2012-13 2013-14 Assessed Value: $64,548 Market Value: $650,030 Taxes: $13,203 Assessed Value: $64,454 Market Value: $660,389 Taxes: $14,065 • Increase of $862 or 6.52% • Assumes value of home tracks according to trend in • the Town of Bedford Modifications in equalization rates and assessed values account for approximately 5.34% of the 6.68% tax rate change in the Town of Bedford. i.e. If assessed values and equalization rates in each of the 4 towns stayed the same in 2013-14 as they were in 2012-13 - the tax rate increase in each town would be 1.34%

17. The tax rate in the Town of Lewisboro is projected to increase by 0.22%. How much will my tax bill increase? 2012-13 2013-14 Assessed Value: $63,000 Market Value: $620,700 Taxes: $12,607 Assessed Value: $61,727 Market Value: $581,200 Taxes: $12,379 • Decrease of ($228) or (1.81%) • Assumes value of home tracks according to trend in • the Town of Lewisboro

18. Budget Summary • Addresses RTI and APPR requirements • Increased staff development opportunities • Reflects staffing reductions • Maintains course offerings • Maintains extra curricular programs • Integration of technology in teaching/learning • Continues bus replacement cycle • Increases funding for safety and security • Proposed budget: $114,879,543 • Budget-to-budget percentage increase: 1.67%

19. Propositions Proposition Number 1 (The Budget) RESOLVED, that the 2013 – 2014 budget, be and the same is hereby adopted for the appropriation of the necessary funds to meet the estimated expenditures, and authorizing the levy of tax of and for said Katonah Lewisboro Union Free School District, Westchester County, New York as set forth in the detailed statement of expenditures, which will be required for school proposed and estimated direct expenses for the ensuing year, in the amount of $114,879,543. Said budget is within the tax cap limitations established by the State of New York in June 2011.

20. Proposition Number 2 Bus Replacement RESOLVED, that the Board of Education of the Katonah-Lewisboro Union Free School District, Westchester County, New York, is hereby authorized to purchase and pay for twelve (12) seventy-eight (78) passenger school buses at a cost of approximately $138,275 each; and one (1) wheelchair accessible van at a cost of approximately $65,000; for a total cost not to exceed $1,724,300 which sum shall be raised by a levy on the taxable property of the School District and collected in annual installments as provided in Section 416 of the Education Law, and in anticipation of such tax, issue obligations of the School District.

21. Katonah-Lewisboro School District May 9, 2013 Public Budget Hearing May 21, 2013 District Budget and Board of Education Vote

22. Katonah-Lewisboro UFSD Budget Vote and Board of Education Election May 21, 2013