Chenango Forks Central School District Budget Analysis 2016-2017
Explore the proposed budget breakdown for Chenango Forks Central School District in the 2016-2017 academic year, including expenditure details, new additions, and the administrative component. Discover key areas of focus such as staffing, state aid utilization, and program budget allocations, providing insights into the financial planning process and priorities.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
Chenango Forks Central Chenango Forks Central School District School District 2016-2017 Budget Hearing May 5, 2015
Budget Development Process Budget Development Process Submission of Program Budgets Based on Need Review of Staffing Levels to Best Meet Student Needs Review of State Aid and Revenue Sources Available to Support the Budget BOE Discussion and Adoption of the Budget
Whats New In The Budget? What s New In The Budget? Positions Added (3) Math Elementary Art $100,000 Mini Project New lighting in MS/HS Gyms Aided at 86.4% for a net cost of $13,600
Proposed 2016 Proposed 2016- -2017 Expenditure Budget 2017 Expenditure Budget 2015-2016 Budget 2016-2017 Budget Increase Salaries & Benefits $19,705,088 $20,054,947 $349,859 Debt Service $3,120,662 $3,661,481 $540,819 BOCES Services $4,476,068 $5,087,931 $611,863 Contract Transportation $1,405,000 $1,420,278 $15,278 Utilities & Fuel $866,281 $751,400 ($114,881) Other Expenses $2,681,801 $2,815,832 $134,031 TOTAL $32,254,900 $33,791,869 $1,536,969
Proposed 2016 Proposed 2016- -2017 3 2017 3- -Part Expenditure Part Expenditure Budget Budget 2015-2016 Budget 2016-2017 Budget Increase Administrative $3,553,137 $3,630,239 $77,102 Program $22,901,448 $23,994,436 $1,092,988 Capital $5,800,315 $6,167,194 $366,879 TOTAL $32,254,900 $33,791,869 $1,536,969
Administrative Component Administrative Component 2015-2016 Budget 2016-2017 Budget Increase BOE $19,081 $26,147 $7,066 Central Administration $184,186 $194,903 $10,717 Finance $473,401 $508,325 $34,924 Staff $257,402 $237,570 ($19,832) Central Services $187,175 $189,589 $2,414 Special Items $329,970 $333,407 $3,437 Curriculum & Supervision $1,068,296 $1,060,961 ($7,335) Employee Benefits $1,033,626 $1,079,337 $45,711 TOTAL $3,553,137 $3,630,239 $77,102
Program Component Program Component 2015-2016 Budget 2016-2017 Budget Increase Teaching Regular $7,042,386 $7,288,605 $246,219 Teaching Special $4,077,034 $4,663,741 $586,707 Summer School $5,549 $4,070 ($1,479) Pupil Personnel $2,738,193 $2,861,344 $123,151 Transportation $2,013,521 $2,132,115 $118,594 Census $1,000 $1,000 $0 Employee Benefits $6,981,265 $7,001,061 $19,796 Inter-Fund Transfers $42,500 $42,500 0 TOTAL $22,901,448 $23,994,436 $1,092,988
Capital Component Capital Component 2015-2016 Budget 2016-2017 Budget Increase O&P Maintenance $2,008,614 $1,877,955 ($130,659) Refund of Taxes $1,000 $1,000 $0 Employee Benefits $570,039 $526,758 ($43,281) Debt Service $3,120,662 $3,661,481 $540,819 Other Transfers $100,000 $100,000 $0 TOTAL $5,800,315 $6,167,194 $366,879
2016 2016- -2017 Proposed Revenue Budget 2017 Proposed Revenue Budget 2015-2016 Budget 2016-2017 Budget Increase Tax Levy $11,308,948 $11,533,996 $225,048 State Aid $17,867,883 $18,826,591 $958,708 Other Revenue $1,563,069 $1,758,652 $195,583 Reserves $0 $257,630 $257,630 Fund Balance $1,515,000 $1,415,000 ($100,000) TOTAL $32,254,900 $33,791,869 $1,536,969
2016 2016- -2017 Anticipated State Aid 2017 Anticipated State Aid State Aid is increasing $958,708 The Gap Elimination Adjustment (GEA--take back of state aid), was eliminated
2016 2016- -2017 Proposed Tax Levy 2017 Proposed Tax Levy Tax Levy Increase = 1.99% Or $255,048
2016 2016- -2017 Proposed Tax Levy 2017 Proposed Tax Levy Tax Levy Increase = 1.99% Tax Levy Limit = 3.67% The District s Proposed Tax Levy is $190,432 less than the Tax Levy Limit
Projected Tax Increase Projected Tax Increase $100,000 Home at Full Value (before STAR) $45.00 per year $3.75 per month This figure is based on current equalization rates and assessed values. This will change by the time the actual tax bills are computed.
Budget Highlights Budget Highlights 2015-2016 Budget 2016-2017 Budget % Increase Increase Total Expenditures $32,254,900 $33,791,869 $1,536,969 4.77% Tax Levy $11,308,948 $11,533,996 $225,048 1.99%
Contingency Budget Contingency Budget Under Contingency the District s budget would be reduced for: All non-computer hardware equipment The small $100,000 capital project $11,000 of Administrative Costs Contingent Budget $33,463,469 Contingent Tax Levy $11,205,596
Budget Vote May 17, 2016 Noon 9:00 p.m. High School Auditorium
