2014-2015 Superintendent’s Proposed Budget

3-11-14

By: Ben Halsey, Superintendent &

Nancy Squairs, Business Administrator

Oswego City School DistrictWhere Learning Never Ends…

Vision & Core ValuesMission:

The mission of the Oswego City School District is to empower all students to reach their full potential in the best possible engaging learning environment.

Goals:Identify and implement elements of highly effective instruction.

Implement strategies to increase graduation rates.

Create and maintain an engaging, safe and motivating environment that

promotes meaningful connections with all students.

Support fiscally responsible budgets and manage within district priorities.

Conduct administrative staffing study of school district for effectiveness and efficiency identifying any areas of need and/or superfluity.

2

Agenda Governor's Executive Budget Proposal

Governor’s 2014-2015 State Aid Proposal

Oswego City School District 2014-2015 Revenue &

Expense Projection

Closing the GAP

3

2014-2015 Governor’s Executive Budget

4

2013-2014 21.1 billion2014-2015 21.9 billion

Increase of 807 million dollarsTotal Education Aid to districts increases by 3.8%

NYS has $2,000,000,000 Billion Dollar Surplus

State Aid2013-2014 2014-2015

Total aid $ 17,582,355 $ 17,647,466

GEA $ -1,737,674 $ -1,737,674(Gap Elimination Adjustment)

GEA Restoration $ 0 $ 321,423

Building Aid $ 3,484,183 $ 3,322,000

Total Aid $ 19,328,864 $ 19,553,215

$ Change 224,351 % Change Total Aid 1.15%

The GAP ELIMINATION ADJUSTMENT 2010-11 to 2013-14

-$12,000,000

-$10,000,000

-$8,000,000

-$6,000,000

-$4,000,000

-$2,000,000

$0-$3,348,285 -$3,242,762 -$2,541,336 -$1,737,674 -$10,870,057

Revenue SourcesApproximately .19 cents of every dollar we receive is State Aid.

Approximately .25 cents of every dollar we receive is Property & Sales Tax.

Approximately .29 cents of every dollar is generated by pilot agreements.

Revenue Composition 2013-14

7

18.9

24.9

29.2

2.72.5

2013-14 Budget

State Aid

Property Taxes includ-ing STAR

PILOT Agreements

Use of Fund Balance

All Other

2014-15 Revenue ProjectionRevenue Source

2013-14 Budget

2014-15 Budget Variance

State Aid 18.9 19.1 .2

Property Taxes including STAR

24.9 25.9 1.0

PILOT Agreements

29.2 29.7 .5

Use of Fund Balance

2.7 2.0 (.7)

All Other 2.5 1.8 (.7)

Total $78.2 $78.5 $ .3$ in millions

Expenses

11%

46%

4%

31%

8%

General Support

Instruction

Trans-portation

Employee Benefits

Debt Service

Interfund Transfers

2013-2014

11%

46.%

4%

30.%

9.0% General Support Instruction Trans-portation Employee Benefits Debt Service Interfund Transfers

2014-2015

Chart as % of total Budget Expenditure

2014-15 Expense ProjectionExpenditures

2013-14 Budget

2014-15 Budget Variance

General Support 9.0 9.3 .3

Instruction 35.6 37.3 1.7

Transportation 3.0 3.1 .1

Employee Benefits

24.2 24.1 (.1)

Debt Service & Interfund Transfers

6.4 7.7 1.3

Total $78.2 $81.5 3.3 $ in millions

Pension Cost20

05-0

620

06-0

720

07-0

820

08-0

920

09-1

020

10-1

120

11-1

220

12-1

320

13-1

4

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

12% 11%9% 8%

7%

11%

16%

19%20%

8.0% 8.6% 8.7%7.6%

6.2%

8.6%

11.1%12.5%

17.5%

ERSTRS

2014-15 GAPRevenue Source

2014-15 Budget Total

Projected Revenue 75.5

Use of Fund balance 2.0

Proposed increase in Levy

1.0

Total Revenue 78.5

Projected Expenses 81.5 (81.5)

Budget GAP 3.0

$ in millions

Tax Rate

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15 16.00

17.00

18.00

19.00

20.00

21.00

22.00 21.54

21.28

19.50

18.50

19.40 19.73

Tax Rate

Tax Levy

2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 -

10,000,000.00

20,000,000.00

30,000,000.00

40,000,000.00

50,000,000.00

60,000,000.00

28

,68

8,2

50

34

,69

9,4

50

54

,05

5,4

60

25

,63

0,6

61

24

,99

5,1

00

25

,99

5,1

00

Enrollment

2005-06

2006-07

2007-08

2008-08

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

3,000

3,200

3,400

3,600

3,800

4,000

4,200

4,400

4,600

4,800

4,6

30

4,5

22

4,3

39

4,2

52

4,1

64

4,1

03

3,9

57

3,8

38

3,8

78

3,7

82

Staff

2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 680

690

700

710

720

730

740

750

760

74

9

70

6 7

27

73

9

71

6

74

4

72

1

72

8

72

2

Next StepsQuestions?