2015/16 Proposed Budget for Adoption General Fund$35,992,937 Special Revenue Fund (Grants) 549,082 Debt Service Fund (Bonds) 2,651,459 Total$39,193,478.

Clearview Regional HighSchool District

2015-16 Budget Public Hearing

2015/16 ProposedBudget for Adoption

General Fund $35,992,937

Special Revenue Fund (Grants)

549,082

Debt Service Fund (Bonds)

2,651,459

Total $39,193,478

Budget Focus

• Maintain Programs

• Maintain Staff

• Maintain Facilities

• Upgrade Technology for PARCC

• Maintain Fund Balance Levels

2015/16 Revenue Comparison

Budget Driven by Flat State Aid 2014/2015

2015/2016

Fund Balance $ 1,409,034 $1,432,071

Reserves 174,500 990,000

Tax Levy 17,261,493 17,802,181 Misc. 173,500 173,500Tuition 366,500 417,905 Extraordinary Aid 244,535 244,535 Federal Aid 0 30,010State Aid 14,902,735 14,902,735

Total $34,532,297

$35,992,937

School Funding Reform Act of 2008

SFRA Formula NOT implemented by the State

No New Aid

Clearview total increase $0

If SFRA Formula was implemented + $886,272

Clearview is under the adequacy level of spending as defined by SFRA in the amount of $4,429,457 for 15/16, meaning if funding was available Clearview would be able to spend substantially more

Debt Service State Aid Remains Cut At 85% Funding on 1997 & 2009 Bonds

2009/2010 State Aid = $ 663,759

2010/2011 State Aid = 569,699

2011/2012 State Aid = 545,637

2012/2013 State Aid = 522,113

2013/2014 State Aid = 500,117

2014/2015 State Aid = 475,946

2015/2016 State Aid = 441,272

2015/16 Debt Service Aid Shortage ($ 77,872)

2015/16 Assessment on 2002 facilities Grant ( 217,620)

Total 2015/16 Shortage ($295,492)

Total Shortage Over 6 Years $1,599,148

Clearview State Aid Since SFRA of 2008 Introduced – Never fully funded

Year General Fund Award

State Assessment 2002 Facility Grants

Net of State

Assessment

2008/2009 14,176,041

New Funding Formula

14,176,041

2009/2010 14,884,843

Cut $1,498,592 in Feb. 2010

14,884,843

2010/2011 13,315,672

(169,824) 13,145,848

2011/2012 13,944,095

(99,538) 13,844,557

2012/2013 14,669,013

(137,847) 14,531,166

2013/2014 14,852,335

(217,620) 14,634,715

2014/2015 14,902,735

(217,620) 14,685,115

2015/2016 14,902,735

(217,620) 14,685,115

Permissible Reserves in School Districts

Schools have no viable option to save funds for a rainy day

Surplus - restricted to 2% of Prior Year Expenditures = $639,965

Average Payroll = $981,964

Capital Reserve – for capital projects only (cannot be used for operating expenses). The total can not exceed cost of projects in District’s Long Range Facility Plan.

Maintenance Reserve – for required maintenance projects that are not routine

Search for Available Resources

Increases in 2015/16 Revenue

2% Increase in Tax Levy $345,229

Adjustment for increased health care costs 195,459

Total Tax Levy $540,688

Tuition Students $51,405

State Aid 0

Employee Share of Benefits (P.L. 2011 c.78)

$254,180

Separate Question cannot include CCCS (T&E)

Clearview Regional2015-2016 General Fund

Revenue$35,992,937

Fund Balance4%

Tax Levy49%

Miscellaneous0%

State Aid42% Tuition

1%Federal

0%Reserves

3%

Fund Balance Tax Levy Miscellaneous State AidTuition Federal Reserves

Allocation of General Fund Appropriations

Salaries & Benefits$25,856,478 72%

Special Education* 2,571,467 7%

Buildings & Grounds* 1,091,500 3%

Utilities 910,000 3%

Transportation* 1,355,326 4%

Capital Outlay 1,215,680 3%

Other 2,992,486 8%

$35,992,937

* Excludes Salaries & Benefits

Four Major Areas Make Up the Increase in Appropriations

Capital Outlay

Employee Benefits

Transportation

Salaries

Budget Highlights

Special Education – tuition ($434,056) for OOD students graduating

Equipment – musical instruments

Transportation - lease payments for 4 replacement buses

Technology – Replacement storage area network, replacement computers, lease payments for wireless upgrades & replacement of

netbooks

Facility Improvements – Minor changes in HS Library for PARCC testing. roof renovations, asphalt recoating & tennis court

resurfacing– funded out of reserves

Personnel

Special Education – one new HS SCBD teacher Part-time LDTC (replacement)

Regular Education – Part-time MS physical education teacher

Retirements – CST Director, Food Service Director, Two teachers

Cost Savings Measures

Lease buses

Lease certain technology purchases

Defer the purchase of certain other equipment

Defer certain facilities & maintenance projects

Cuts across department supply lines

Staff reductions through attrition (and substitute lines)

Proposed Tax RateHarrison

Municipal Share 48.62%

Net Valuation $1,392,670,506

Ratables Increased $22,715,463

Rate per Hundred = .696

Proposed General Fund Increase = 1.67 cents

$100,000 Home

Regional School Taxes

$16.72 increase per year

Proposed Tax RateMantua

Municipal Share 51.38%

Net Valuation $1,330,480,059

Ratables Decreased ($4,191,453)

Rate per Hundred = .770

Proposed General Fund Increase = 1.70 cents

$100,000 Home

Regional School Taxes

$16.98 increase per year

Proposed ReferendumNovember 2015

• STEM Lab/Robotics Classroom (old Auto shop)

• Computer Lab (old Darkroom)

• Enhance our Technology with Interactive Projectors/iPad in some of the classrooms