08 09 Public Hearing

2007-08 Budget ProposalOur goal is to develop a comprehensive budget

that balances the educational needs of our students with what taxpayers can afford

Dr. Brenda Myers, SuperintendentDr. Brenda Myers, Superintendentbmyers@groton.cnyric.orgbmyers@groton.cnyric.org

607-898-5301607-898-5301

Sheri Shurtleff, Business Managersshurtle@groton.cnyric.org

www.grotoncs.org

2008-09 Budget ProposalInnovation: The Path to Excellence

Our goal is to develop a comprehensive budget that balances the educational needs of our students with what taxpayers can afford.

Mrs. Miriam ZubalPresident, Board of Education

Dr. Brenda MyersSuperintendent

•Maintain Facilities Maintain Facilities and Capital Assetsand Capital Assets•Maintain Facilities Maintain Facilities and Capital Assetsand Capital Assets

•Strategic PlanningStrategic Planning•Strategic PlanningStrategic Planning

•Improve Student PerformanceImprove Student Performance•Improve Student PerformanceImprove Student Performance

PrioritiesPriorities

• Strategic PlanningStrategic Planning• Strategic PlanningStrategic Planning

• Student PerformanceStudent Performance• Student PerformanceStudent Performance

PrioritiesPrioritiesPrioritiesPriorities• FiscalFiscal StabilityStability• FiscalFiscal StabilityStability

• OrganizationalOrganizational EfficiencyEfficiency

• Technology IntegrationTechnology Integration• Technology IntegrationTechnology Integration

• Communication &Communication & Public InformationPublic Information

• Communication &Communication & Public InformationPublic Information

• Wellness & Wellness & ConditioningConditioning

• Wellness & Wellness & ConditioningConditioning

PrioritiesPrioritiesPrioritiesPriorities• Facilities & Capital Facilities & Capital AssetsAssets• Facilities & Capital Facilities & Capital AssetsAssets

Cost Saving StrategiesCost Saving Strategies•Transition Cost to BOCESTransition Cost to BOCES•Increased Monitoring of Special Ed. CostsIncreased Monitoring of Special Ed. Costs•Reassignment of StaffReassignment of Staff•Expand Position to Libr. Media SpecialistExpand Position to Libr. Media Specialist•Develop Internal ExpertiseDevelop Internal Expertise•Share Promising PracticesShare Promising Practices•Provide Ongoing Training & SupportProvide Ongoing Training & Support•Develop Five-Year Facility PlanDevelop Five-Year Facility Plan•Develop PartnershipsDevelop Partnerships

Cost Saving StrategiesCost Saving Strategies•Transition Cost to BOCESTransition Cost to BOCES•Increased Monitoring of Special Ed. CostsIncreased Monitoring of Special Ed. Costs•Reassignment of StaffReassignment of Staff•Expand Position to Libr. Media SpecialistExpand Position to Libr. Media Specialist•Develop Internal ExpertiseDevelop Internal Expertise•Share Promising PracticesShare Promising Practices•Provide Ongoing Training & SupportProvide Ongoing Training & Support•Develop Five-Year Facility PlanDevelop Five-Year Facility Plan•Develop PartnershipsDevelop Partnerships

Where Do the $ Go?Where Do the $ Go?Where Do the $ Go?Where Do the $ Go?Salaries & Benefits Salaries & Benefits 66.7%66.7%

BOCES ServicesBOCES Services 16.6%16.6%

Bond Principal & InterestBond Principal & Interest 7.0% 7.0%

Maintenance & Bus GarageMaintenance & Bus Garage 2.3% 2.3% (Not Including Salaries, BOCES, & Utilities)(Not Including Salaries, BOCES, & Utilities)

UtilitiesUtilities 1.6% 1.6%

All OtherAll Other 5.8% 5.8%

What are the What are the Increases This Year?Increases This Year?

What are the What are the Increases This Year?Increases This Year?

SPECIAL EDUCATON$85,000

6%

ALL OTHER$47,856

3%

PERSONNEL$355,157

26%

DEBT SERVICE$654,969

48%

BUS FUEL$60,000

4%

BOCES$187,315

13%

Revenue ProjectionRevenue ProjectionRevenue ProjectionRevenue ProjectionState Aid State Aid $10,244,883$10,244,883

Tax LevyTax Levy $ 4,623,131$ 4,623,131

Building AidBuilding Aid $ 998,399$ 998,399

Approp. Fund BalanceApprop. Fund Balance $ 430,000$ 430,000

MedicaidMedicaid $ 105,000$ 105,000

All OtherAll Other $ 245,079$ 245,079 (Interest, E-Rate, Admissions, Refunds, Misc. Sales, (Interest, E-Rate, Admissions, Refunds, Misc. Sales, Gas Lease, Tuition, Donations)Gas Lease, Tuition, Donations)

Revenue ComparisonRevenue ComparisonRevenue ComparisonRevenue Comparison

TAX LEVY, 4,408,051

TAX LEVY, 4,623,598

OTHER, 781,381

OTHER, 780,079

NYS FOUNDATION AID, 7,946,702

NYS FOUNDATION AID, 7,478,270

NYS EXPENSE-BASED AIDS, 2,297,714 NYS EXPENSE-BASED AIDS,

2,149,969

438,524

998,399

0

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

16,000,000

18,000,000

2007-08 2008-09

NYS BUILDING AID

Proposition #2Proposition #2

2 School Buses and 1 Van2 School Buses and 1 Van

•Total Cost: $209,144Total Cost: $209,144

•No Effect on 08-09 LevyNo Effect on 08-09 Levy

•Borrowed Funds to be Repaid over Borrowed Funds to be Repaid over 5 Years 5 Years

•State Aid will be Received over 5 State Aid will be Received over 5 Years: 83-85%Years: 83-85%

Proposition #3Proposition #3

Building Capital Reserve FundBuilding Capital Reserve Fund•Savings Account for Future ProjectSavings Account for Future Project•Offset Local ShareOffset Local Share•No Effect on Tax LevyNo Effect on Tax Levy•Transfer Money from Unplanned RevenuesTransfer Money from Unplanned Revenues•Used Only with Voter Approval of Capital Used Only with Voter Approval of Capital Project Project

TAX LEVYTAX LEVY

OPERATIONAL TOTAL

TAX LEVY COMPARISON BUDGET DEBT SERVICE BUDGET

2007-2008 Tax Levy 4,349,698 58,353 4,408,051

Estimated 2008-09 Tax Levy 4,454,577 168,554 4,623,131

Amount of Change 104,879 110,201 215,080

2.38% 2.50% 4.88%Percentage of Change to Total Levy Change

ESTIMATED TAX RATEESTIMATED TAX RATE

Operational TAX RATE COMPARISON Budget Debt Service Total Budget 2007-2008 Tax Rate 20.30 0.27 20.57 Estimated 2008-09 Tax Rate * 18.20 0.45 18.65 Amount of Change (2.10) 0.18 (1.92) Percentage of Change to

Total Rate Change-10.21% 0.88% -9.33%

The Financial PictureThe Financial Picture

Proposed BudgetProposed Budget IncreaseIncrease

Operational: $15,375,702Operational: $15,375,702 4.78% 4.78%

Debt Service: Debt Service: $ 1,270,790$ 1,270,790 4.33%4.33%

Total:Total: $16,646.493 $16,646.493 9.11% 9.11%

Tax Levy:Tax Levy: $ 4,454,577 $ 4,454,577 4.88% 4.88%

Contingency BudgetContingency Budget•Groton’s Contingency Calculation Result is Groton’s Contingency Calculation Result is Higher than Proposed BudgetHigher than Proposed Budget

Mandatory if Budget Defeated Twice by VotersMandatory if Budget Defeated Twice by Voters•Calculation Established by LawCalculation Established by Law•Limits Budget Increase to 3.36% plus Debt Limits Budget Increase to 3.36% plus Debt Service and NYS Foundation Aid IncreaseService and NYS Foundation Aid Increase•Only Cuts to Equipment and Certain Non-Only Cuts to Equipment and Certain Non-Contractual Salary Increases Would Be Contractual Salary Increases Would Be Required – Totaling $59,486 Required – Totaling $59,486 •District Must Charge Public for Any Costs District Must Charge Public for Any Costs Incurred for Use of FacilitiesIncurred for Use of Facilities

STARSTAR

•Enhanced STAR Enhanced STAR (qualifying taxpayers over 65

must apply annually) reduces taxable reduces taxable assessments by $56,000 and will save assessments by $56,000 and will save approximately $1,185approximately $1,185

•Basic STAR Basic STAR (on primary residence) reduces reduces assessment by $30,000 and will save assessment by $30,000 and will save approximately $560approximately $560

•Enhanced STAR Enhanced STAR (qualifying taxpayers over 65

must apply annually) reduces taxable reduces taxable assessments by $56,000 and will save assessments by $56,000 and will save approximately $1,185approximately $1,185

•Basic STAR Basic STAR (on primary residence) reduces reduces assessment by $30,000 and will save assessment by $30,000 and will save approximately $560approximately $560

STAR RebateSTAR RebateSTAR RebateSTAR Rebate

•Homeowners receiving Enhanced STAR will receive a 25% increase from last year

•Homeowners with Basic STAR will receive same amount as last year.

•Only Taxpayers who are newly eligible or who have moved need to file

•Homeowners receiving Enhanced STAR will receive a 25% increase from last year

•Homeowners with Basic STAR will receive same amount as last year.

•Only Taxpayers who are newly eligible or who have moved need to file

Questions?Questions?Questions?Questions?

Vote: Tuesday, May 20Vote: Tuesday, May 20thth

12:00 – 9:00 PM12:00 – 9:00 PMDistrict OfficeDistrict Office