2014 15 budget special meeting april 3 2014 (3)

HALF HOLLOW HILLS SCHOOL DISTRICT of Huntington and Babylon

2014-15 Proposed Budget Special Budget Meeting – Thursday, April 3, 2014

Items for Discussion State Aid

Property Tax Levy

Total Revenue Update

Potential Budget Additions

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

2

Items for Discussion State Aid

Property Tax Levy

Total Revenue Update

Potential Budget Additions

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

3

State Aid – The Reality

HHH 2014-15 Anticipated State Aid $27,314,471

$933,404 more than the Governor’s Proposal

$1,360,240 more than the State Aid anticipated for 2013-14

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

4

The Newsday total aid figure for HHH does not take into account the automatic State Aid chargeback for the education of certain students, but it should

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

Universal Pre-K

The Newsday total aid figure for HHH excludes building aid, but it shouldn’t

State Aid Charge-Back

Building Aid

State Aid – What Newsday Reports The Newsday total aid figure for HHH includes the Universal Pre-Kindergarten grant, but it shouldn’t

5

State Aid – What Newsday Reports What Newsday reported for HHH

$23,209,723

Adjust for Building Aid

plus $4,843,493

Adjust for automatic State Aid Charge-Back

minus $150,000

Adjust for Universal PreKindergarten grant

minus $588,745

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

6

Items for Discussion State Aid

Property Tax Levy

Total Revenue Update

Potential Budget Additions

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

7

Property Tax Levy March 1, 2014: 2.42% Property Tax Levy Increase

Tax Levy Reduction of approximately $150,000 due to an increase in the Building Aid category of State Aid

April 2, 2014: 2.34% Property Tax Levy Increase 2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

8

Property Tax Levy “Cap” Formula

The spot in the formula where the change took place

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

9

Items for Discussion State Aid

Property Tax Levy

Total Revenue Update

Potential Budget Additions

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

10

Total Revenue Update • Total expenses must equal total revenue • Main sources of revenue:     

Property taxes State aid Fund Balance/Reserves PILOTs/Miscellaneous* FEMA reimbursement**

Appropriated Fund Balance & Use of Reserves 4.05%

PILOTs and Miscellaneous* 2.14%

Potential FEMA Reimbursement 0.17%

State Aid 11.66%

Property Tax Levy 81.98%

* "Miscellaneous" includes interest income, health service and tuition payments from other school districts, prior year refunds, use of facilities’ charges and drivers’ and continuing education fees.

** One-time only; Potential – not yet approved by FEMA

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

11

Items for Discussion State Aid

Property Tax Levy

Total Revenue Update

Potential Budget Additions

2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

12

Potential Budget Additions • 2.0 FTE at the secondary level to allow scheduling flexibility for students • 1.0 FTE at the elementary level to allow for lower class sizes • Instructional technology:  Additional interactive white boards/wiring  Expedited instructional technology refresh/replacements

• Robotics program • Curriculum development • Health Office paraprofessional at High School East due to enrollment levels • Athletic SBAs • Intramurals 2014-15 Proposed Budget – Special Budget Meeting: April 3, 2014

13