DRAFT 2012-13 April BUDGET HIGHLIGHTS

Revenues $23,478,584.57Expenses $23,478,584.57 Shortfall $ 0

Revenue issues:State Aid is $11,165,780 or $278,181 more than last yr. This is still $1.965 millionless than we received in 09-10. Tax Levy Limit is currently at 2.6% before exclusionsthis is a simple majority vote. BOE can increase or decreaseFund Balance is suggested at 650,000 from debt service BOE can determine more or less

Expense issues:Suggested cuts equal approximately $650,000 Debt, Trans Fuel, BOCES and Benefits lines items have increased

2012-13 Draft Revenue Budget – April 2012

Categories Budget Budget2012-13 2011-12

State Aid

Local Levy

Fund Balance

Other

Debt ServiceCapital FundAppropriatedUnemployment

$10,883,000

$10,600,000

$700,000$250,000$500,000

Total

$109,200

$373,400

$23,415,600

$10,888,750

$11,166,000

$500,000

$650,000

$23,478,600

$173,850

$100,000

2012-13 Draft Expense Budget – April 2012

Categories

Salaries

2012-13 2011 - 12

Benefits

Capital Assets

Materials/supplies

Transportation

Utilities

BOCES

Total

Other

Budget Budget

$ 9,991,775 $ 10,378,450

5,331,998 5,157,000

1,910,000 1,870,000

2,762,800 2,447,300

1,381,000 1,369,000

881,252 935,100

389,775 464,250

830,000 794,500

$ 23,478,600 $ 23,415,600

Proposed Cuts 2012-13

FTE Cost Area

1.5 $130,000 Special Ed.

2.0 104,000 Elementary

1.0 40,000 MidScl Reading

.5 25,000 Split Elm/HS

1.0 50,000 Maintenance

2.5 50,000 Aides

65,000 BOCES HS

70,000 Bussing

? Clerks

? Other8.5 100,000 Health Insurance

Total 8.5 634,000

FTE CUT 6.5

3 Retirements

1 Staff left

H.S. Guidance position not replaced

Est. Est. Est. Est. Est.2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17

Budget 23.8 23.4 23.5 23.4 23.5 23.5 23.6$ cut 0.8 1.2 0.7 0.6 .6 0.6 .7h/c cut/retire* 8* 14-4* 8* 7 5 7

Debt SerFund bal used 1.4 1.7 1.3 1 .9 0.7 .5levy 9.9 10.6 10.9 11.1 11.3 11.5 11.8st aid rec'd 12.3 11 11.1 11.2 11.2 11.2 11.2other .2 0.1 0.2 0.1 0.1 0.1 .1tax incr 2.57% 6% 2.6% 2.6% 2.6% 2.6% 2.6%Est. Tax rate 24.25 25.50 26 26.5 27 27.5 28

Five Year Budget Plan Draft 4-3-12

Equals 19 fte still to cut

Equals $2.5 mil to cut

.7 .5 .4 .2Equals $1.8 debtservice fund

Leaves .7 inDebt Serv.

.9 .7

Breakdown to Balance Budget 2012-13

Tax L

evy

% Inc.

$ Inc.

per $1,0

00

FB N

eeded

Appro. F

B

Tran

s. fro

m Debt

Ser.

Resr.

Tran

s fro

m UnEm

pl. Resr.

Other

Hist. R

ange Es

t. Yr

. End FB

Cap Pro

ject '1

1

Tran

s. to

UnEm

pl. Resr.

Appropria

ted

REVENUE USE OF FUND BALANCE FUND BALANCE BREAKDOWN & USE

10.9 2.6 0.7 1.3 0.5 0.7 0.1 0.0 0.9 0.3 0.1 0.5

Note: all figures in millions except where labeled

Reserve Balances as of 6/30/11 Est. 2016-17Workers Comp $ 811,380.07 850,000Unemployment 436,581.41 38,000Encumbrances NARetire. Contributions 458,649.44 400,000Employee Benefit 367,033.95 350,000Insurance 727,722.02 750,00004 Cap Projects 1,286,655.23 007 Cap Projects 4,105,725.77 1,000,000*11 Cap Projects 200,000.00 1,000,000Debt Service 3,246,779.33 700,000

2006-07 21.6 20.6 1.02007-08 22.5 20.6 1.82008-09 23.3 21.6 1.72009-10 23.9 22.1 1.82010-11 23.8 21.9 1.32011-12 23.4 ? 22.5 0.9

Historical Range Yr. End FB10-11 11-12 12-13 13-14 14-15 15-16 16-17

FIVE YEAR PLAN

BUDGET 23.8 23.4 23.5 23.4 23.5 23.5 23.6Fd/Res Bal 1.4 1.7 1.2 1 .9 .7 .5Levy 9.9 10.6 10.9 11 .1 11.3 11.5 11.8St Aid 12.2 11 11.2 11.2 11.2 11.2 11.2Other .1 .2 .1 .1 .1 .1 Tax Inc. % 2.57 6 2.6 2 2 2 2Tax/1000 24.25 25.5 26.2 26.5 27 27.5 28

DRAFT – 4-3-12

$ Cuts needed .8 1.2 .8 .5 .5 .7 .8

* Assume a capital project for cash done beginning 2015

Unappropriated fund balance at 4% or $936,624.73*