Niagara Wheatfield Central School District 2015-2016 Budget Presentation April 20, 2015.

Niagara Wheatfield Central School District

2015-2016 Budget Presentation

April 20, 2015

Purpose of This Meeting

• To have the Board adopt an expenditure budget amount of $67,965,701 to be brought to the voters.

2015-2016 Budget Timeline

4/20/15 Last Day to File for Board of Education Candidacy

4/20/15 Board to Approve Budget and Property Tax Report

5/6/15 Annual Public Information Hearing on Budget

5/19/15 Annual Budget Vote and School Board Election

Mission Statement

The Niagara Wheatfield Central School District

will serve its diverse community to enable its learners

to attain the necessary knowledge,

skills and attitudes

within a supportive environment

so that students become

responsible

and productive individuals.

2015-2016 Budget Preparation

The District Administrative Team worked cohesively to shape a budget that maintains the essential elements of our current educational program for students while balancing the fiscal needs of the community.

Tax Cap Levy WorksheetTax Cap Levy Worksheet As of 3/4/2015

Tax Levy Limit - Before Exclusions Total Real Property Tax Levy for base year 14/15 31,384,323$ Tax Base Growth Factor (Min of 1.0 - provided by State) 1.0049

31,538,106$ Base Year PILOTS (Budgeted for 14/15) 1,426,050$ Capital Expenditures Net of Aid for FYE 06/30/2015 1,720,622$

31,243,534$ Allowable Levy Growth Factor Based on CPI 1.0162

31,749,680$ Budget Year PILOT Receivables (15/16 Budget) 1,428,050$ Available Carryover from FYE 6/30/2014 -$ Tax Levy Limit - Before Exclusions 30,321,630$

Exclusions:Base Year (FYE 6/30/2015) Torts and Judgments > 5% -$ Capital Expenditures Net of Aid for FYE 06/30/2016 1,747,756$ Pension Expenditures Above 2% ERS -$ TRS -$

Total Exclusions 1,747,756$

Tax Levy Limit Plus Exclusions 32,069,386$ 2.2%

2015-2016 Budget

2015-2016 PRELIMINARY BUDGET REVENUE

ITEM 2015/16 BUDGET ITEM 2015/16 BUDGET

Real Property Taxes 32,069,386.00$ Foundation Aid 19,368,893.00$ Building Aid 5,750,862.00$

Payment in Lieu of Tax 1,428,050.00$ Public & Private Excess Cost Aid 1,330,396.00$ Int./Penalty - Property Taxes 55,000.00$ Basic Aid Subtotal 26,450,151.00$ Hazardous Waste Tax -$

Subtotal - Other Tax 1,483,050.00$ BOCES Aid 1,884,099.00$ Textbook Aid $238,648.00

Tuition - Other Districts 50,000.00$ Software Aid $64,816.00Health Service/Other Tuition 35,000.00$ Computer Hardware $73,531.00

Subtotal - Services 85,000.00$ Library Materials Aid $27,043.00Transportation Aid 2,931,821.00$

Native American Tuition (Gr. 7-12) 1,250,000.00$ Deficit Reduction Assessment (896,128.00)$ **Subtotal State Aid 30,773,981.00$

Interest & Earnings 3,000.00$ Medicaid 80,000.00$

Rental of Real Property 10,000.00$ Commissions 1,000.00$ Total Revenues 66,047,417.00$ Sale of Scrap 1,000.00$ Sale of Instructional Supplies -$ Interfund Transfers 15,000.00$ Self Insurance Recoveries 65,000.00$ Host Community Fund 600,000.00$

Subtotal - Sale/Loss 77,000.00$ Greenway Fund 1,303,284.00$

BOCES Refund 195,000.00$ Grand Totals 67,965,701.00$ Refund of Prior Years Exp. 30,000.00$

Gifts & Donations 1,000.00$ Unclassified Revenue -$ Transportation Charges -$

Subtotal - Misc. 226,000.00$

2015-2016 Budget

05-06 06-07 07-08 08/09 09/10 10/11 11/12 12/13 13/14 14/15 15/160.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

Niagara Wheatfield Central School DistrictLevy % Change

Fiscal Year

Perc

ent C

hang

e

Tax Cap Began

Projected 2015-16 HomesteadTax Rate Increases

Per Thousand (Projected)Town of Niagara $1.18

Town of Wheatfield$0.30

Town of Lewiston$0.70

Town of Cambria $0.07

Niagara County Tax Assessments

2015-2016 Tax Rate Information

2015-2016 Tax Rate Information

2015-2016 Budget

2014-2015 True Value Tax Rate Comparison

$0.00

$5.00

$10.00

$15.00

$20.00

$25.00

$30.00

$15.97 $18.65 $18.93 $19.12 $21.45 $22.16 $22.43 $23.31 $23.91 $25.40 $25.87

Niagara Wheatfield

2015-2016 Budget

Expenditure Review2014-15 2015-16 CHANGE

CENTRAL ADMINISTRATION:

District Office & Board of Education 1,951,576 2,030,528 78,952

Curriculum & Supervision 1,627,636 1,663,700 36,064

Audit, Legal, Insurance 419,302 452,943 33,641

Benefits 740,396 719,089 -21,307

Total 4,738,910 4,866,260 127,350

7.3% 7.2%

INSTRUCTION:

Regular School 22,713,699 24,956,094 2,242,395

Special Education 7,355,846 7,638,475 282,629

Transportation 3,004,443 3,110,377 105,934

Benefits 14,211,862 14,569,479 357,617

Total 47,285,850 50,274,425 2,988,575

73.2% 74.0%

CAPITAL

Operations & Maintenance 3,429,527 3,651,891 222,364

Debt Service, Other Capital 8,168,849 8,113,841 -55,008

Benefits 993,255 1,059,284 66,029

Total 12,591,631 12,825,016 233,385

19.5% 18.9%

TOTAL BUDGET 64,616,391 67,965,701 3,349,310

% of Total Budgetby Component Area

2014-2015

7.2%

74.0%

18.9%

Administrative Program

Capital

2015-2106

7.3%

73.2%

19.5%

2014-2015

Moody’s Rating

• The Niagara Wheatfield Central School District’s Moody’s rating has been raised once again to an enhanced rating of A1.

2015-2016 Budget

The 2015-2016 Proposed Budget:

– Maintains current programs – NO reductions– Restores Athletics– Restores Co-Curricular

2015-2016 Budget

If the 2015-2016 budget vote fails:

• $1,403,284 in budget cuts will need to occur to balance the budget.

Proposition #1

Shall the 2015-2016 school district budget in the amount of $67,965,701 be approved and adopted, the required funds thereafter appropriated and necessary property taxes levied and collected?

Adoption of Budget

School Board Candidates

• Steven Sabo• Richard Sirianni

School Community Coming Together

Community BudgetPresentation Meetings

• Parent Meetings Dates TBD

VOTE TUESDAY!

When: May 19, 2015Hours: 8:00 am – 9:00 pmWhere: Adult Learning Center