HAMMONDSPORT CENTRAL SCHOOL

2015-2016 Budget Information

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 BUDGET2014-2015 2015-2016

Administrative: $1,272,913 9.73%

$ 1,268.655 9.44%

Program: $9,829,935 75.1%

$9.964.454 74.11%

Capital: $1,985,715 15.17%

$ 2,211,750 16.45%

Total: $13,088,566 100%

$13,444,859 100%

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CURRENT YEAR VERSUS PROPOSED EXPENDITURES BY CATEGORY

2014-2015 2015-2016 DifferencePercent of

Budget

Salaries $5,487,412 $5,656,728 $169,316 42.07%Contractual and Supplies $2,899,835 $3,018,944 $119,109 22.45%

Equipment $104,800 $104,800 $0 .78%

Benefits $3,591,935 $3,375,670 $(216,265) 25.11%

Debt Service $1,004,584 $1,288,717 $284,133 9.59%

Total: $13,088,566 $13,444,859 $356,293 100% 6

CURRENT YEAR VERSUS PROPOSED BY TYPE

2014-2015 2015-2016 DifferencePercent of

Budget

Instruction $6,462,254 $6,737,334 $275,080 50.11%

Administration $447,003 $458,534 $11,531 3.41%

Central Services $1,001,393 $991,789 $(9,604) 7.38%

Transportation $581,397 $592,815 $11,418 4.41%

Debt Service $1,004,584 $1,288,717 $284,133 9.59%

Benefits $3,591,935 $3,375,670 $(216,265) 25.10%

Total: $13,088,566 $13,444,859 $356,293 100% 7

PROPOSED EXPENDITURE BUDGET

Proposed budget of $13,444,859.

Budget Increase of $356,293 or 2.72%

Largest Budget Increases are in the areas of: Instruction $275,080 Debt Service $284,133

Two Largest Areas = $559,213 budget increase

PROJECTED REVENUE

ESTIMATED LEVY

HCS TAX CAP CALCULATION

Prior Year Tax Levy 8,216,491

Tax base growth factor X 1.0050

8,257,573

Prior Year PILOT + 1,238

8,258,811

Prior year exemptions -353,960 prior year local share of capital

Adjusted Prior Year Levy 7,904,851

Allowable Growth Factor X 1.0162 (2% Language from here)

8,032,910

Coming Year PILOT - 1,278

8,031,632

Available Carryover + 0

TAX LEVY LIMIT (Reported to Comptroller March 1 Annually)

8,031,632

Coming School Year Exemptions + $502,038 upcoming local share of capital

ALLOWABLE TAX LEVY LIMIT $8,533,670 = +3.86% would only require 50% majority

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

2014-15

Actual

2015-16 Projected

Assessed Value @ 100%

$100,000 $100,000

STAR Reduction $ 30,000 $ 30,000

Net Taxable Value $ 70,000 $ 70,000

Tax Rate $ 9.84 $ 9.99

Total Tax $688.80 $699.30

Difference + $10.50

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PROJECTED TAX RATES Town 2014-2015 2015-2016

Projected$ Change in

RatePercent Of Tax Base

Bath $21.38 $21.72 $0.34 <1%

Pulteney $9.84 $9.99 $ 0.15 29%

Tyrone $9.84 $9.99 $ 0.15 4%

Urbana $9.84 $9.99 $ 0.15 33%

Wayne $9.84 $9.99 $ 0.15 34%

Wheeler $10.14 $10.30 $ 0.16 <1%

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HOW WILL WE BALANCE OUR BUDGET THIS YEAR?

PROPOSITION #2 BOARD OF EDUCATION CANDIDATE

One five year term will be available

Mr. Frank Curran, incumbent

Mrs. Lynda Lowin

17One slot is available and is a five-year term.

Proposition No. 3 – Transportation Purchases and Expenditures Shall the following resolution be approved by the voters:

BE IT RESOLVED that the Board of Education of the Hammondsport Central School District is hereby authorized to purchase the following motor vehicles for use in student transportation: (a) one (1) 70-passenger school bus, and (b) one (1) 30 passenger handicapped accessible bus, at an aggregate maximum cost not to exceed $226,834.62, less any trade in value, with such sum or so much thereof as may be necessary to be raised by (i) an expenditure of $100,000 from said District’s existing Capital Reserve Fund (known as the “Capital Reserve for Transportation”), established by the voters of the District on May 15, 2012, and (ii) with the balance thereof, being $126,834.62, to be raised by a tax upon the taxable property of said District to be levied and collected in annual installments as provided in Section 416 of the Education Law, with such tax to be partially offset by State aid available therefor, and in anticipation of such tax, by the issuance of debt obligations of said District as may be necessary?

#116- 2006 Thomas bus with 113,000 miles.

#109- 2004 Thomas bus with 167,000. Handicapped accessible

bus with wheelchair lift.

DOT has noted multiple issues with both buses.

Purchased before we started our undercoating program in 2011.

Wheelchair bus needs to be replaced after eleven years of usage.

VOTE

Tuesday, May 19th, 2015

12 Noon to 8 PM

Main Street School

Lobby

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THANK YOU

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