hammondsport central school 2014-2015 budget information

HAMMONDSPORT CENTRAL SCHOOL

2014-2015 Budget Information

The 2014-2015 Budget Includes Funding That Will Allow Us To Continue to Offer:

Advanced Placement Courses;Dual credit courses that lead to college credit through Corning Community College and Alfred University;Career and Technical Education Courses at GST BOCES;Electives in Band, Chorus, Art, Business, Technology, and Spanish with appropriate enrollment; Academic support services as needed;Special education programs and services as required; Access to a social worker, youth counselor and school resource officer on campus; High school summer school opportunities including Driver’s Education; Sports opportunities with appropriate enrollment at the Varsity, Junior Varsity, and Modified levels; Co-curricular opportunities such as Ski Club, Yearbook, Spanish Club, etc, with appropriate enrollment. District Universal Pre-Kindergarten for ALL eligible students; Professional development for our teachers and District staff; The one-to-one iPad initiative that began in 2013 and expand that program to grades 7 and 8.

BUDGET TOTALS

STATE REVENUE

THE THREE PART BUDGET

The ADMINISTRATIVE component provides for overall general support and management of the operations of the District and includes: Board of Education costs, Central and school administration, Business Operations, curriculum development, BOCES administrative expenses, and benefits for current and retired persons in this category. The PROGRAM component provides for all expenditures related to the instructional program of the District including special education, support services, co-curricular and athletic programs, counseling and health services, pupil transportation, and benefits for current and retired persons in this category.The CAPITAL component provides for all costs associated with maintaining facilities and grounds as well as building and equipment repairs, maintenance and custodial supplies and materials, utilities, debt service payments, and benefits for current and retired persons in this category.

THREE PART BUDGET2013-2014 2014-2015

Administrative: $1,233,360

$1,272,913 9.73%

Program: $9,409,245

$9,829,935 75.10%

Capital: $1,821,213

$1,985,715 15.17%

Total: $12,463,818

$13,088,566 100%

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CURRENT YEAR VERSUS PROPOSED EXPENDITURES BY CATEGORY

2013-2014 2014-2015 DifferencePercent of

Budget

Salaries $5,279,881 $5,487,412 $207,532 41.93%Contractual and Supplies $2,817,211 $2,899,835 $82,624 22.16%

Equipment $152,800 $104,800 ($48,000) .80%

Benefits $3,364,297 $3,591,935 $227,638 27.44%

Debt Service $849,629 $1,004,584 $154,955 7.68%

Total: $12,463,818 $13,088,566 $624,748 100% 7

CURRENT YEAR VERSUS PROPOSED BY TYPE

2013-2014 2014-2015 DifferencePercent of

Budget

Instruction $6,251,861 $6,462,254 $210,393 49.37%

Administration $437,773 $447,003 $9,230 3.42%

Central Services $996,631 $1,001,393 $4,762 7.65%

Transportation $563,627 $581,397 $17,770 4.44%

Debt Service $849,629 $1,004,584 $154,955 7.68%

Benefits $3,364,297 $3,591,935 $227,638 27.44%

Total: $12,463,818 $13,088,566 $624,748 100% 8

PROPOSED EXPENDITURE BUDGET

Proposed budget of $13,088,566.

Budget Increase of $624,748 or 5.01%

Largest Budget Increases are in the areas of: Instruction $210,393 Debt Service $154,955 Benefits $227,638

Three Largest Areas: $592,986

PROJECTED REVENUE

ESTIMATED LEVY

HCS TAX CAP CALCULATION

Prior Year Tax Levy 8,082,827

Tax base growth factor X 1.0045

8,119,200

Prior Year PILOT + 1,213

8,120,413

Prior year exemptions -368,117 prior year local share of capital

Adjusted Prior Year Levy 7,752,296

Allowable Growth Factor X 1.0146 (2% Language from here)

7,865,479

Coming Year PILOT - 1,238

7,864,241

Available Carryover + 0

TAX LEVY LIMIT (Reported to Comptroller March 1 Annually)

7,864,241

Coming School Year Exemptions + $353,957 upcoming local share of capital

ALLOWABLE TAX LEVY LIMIT $8,218,198 = +1.67% would only require 50% majority

Since 2008-2009, the tax levy has increased by $786,395.

That equals a total tax levy increase of 10.58% over a period of seven years.

From 2008-2009 through the proposal of 2014-2015, the average tax levy increase has been 1.51%.

HISTORICAL TAX RATE PER $1,000 0F TRUE VALUE

TAX IMPACT ON A $100,000 HOME (TOWN OF WAYNE, URBANA, TYRONE, OR PULTENEY)

2013-14

Actual

2014-15 Projected

Assessed Value @ 100%

$100,000 $100,000

STAR Reduction $ 30,000 $ 30,000

Net Taxable Value $ 70,000 $ 70,000

Tax Rate $ 9.70 $ 9.86

Total Tax $679.00 $690.20

Difference + $11.20

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PROJECTED TAX RATES Town 2013-2014

($9.78)

2014-2015 Projected

$ Change in Rate

Percent Of Tax Base

Bath $20.64 $21.44 $ 0.80 <1%

Pulteney $9.70 $9.86 $ 0.16 29%

Tyrone $9.70 $9.86 $ 0.16 4%

Urbana $9.70 $9.86 $ 0.16 33%

Wayne $9.70 $9.86 $ 0.16 34%

Wheeler $9.70 $10.17 $ 0.47 <1%

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DIFFICULTIES AHEAD

HOW WILL WE BALANCE OUR BUDGET THIS YEAR?

PROPOSITION #2 BOARD OF EDUCATION CANDIDATE

One five year term will be available

22One slot is available and is a five-year term.

PROPOSITION #3AUTHORIZATION TO CREATE AND FUND A CAPITAL RESERVE

Shall the Board of Education of the Hammondsport Central School District be authorized and directed to establish a new Building Capital Reserve Fund with the purpose of such fund being to finance replacement of the District’s 1954 boilers, continued asbestos removal, and necessary new construction, reconstruction, renovation and equipping of the school building and facilities? The term of such reserve would be fifteen (15) years with the ultimate amount of $3,000,000 moving through said fund over that time.

Shall the Board of Education of the Hammondsport Central School District be authorized to purchase one (1) sixty six (66) passenger bus and one (1) seventy one (71) passenger bus for an estimated aggregate sum not to exceed $216,720, less any trade in value, and to expend from the Capital Reserve for Transportation $116,720 towards said purchase of District buses with the remaining funds coming from the 2013-2014 General Fund Balance? There is no current or future tax impact should this proposition be approved.

VOTE

Tuesday, May 20th, 2014

12 Noon to 8 PM

Main Street School

Lobby

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THANK YOU

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