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HALF HOLLOW HILLS SCHOOL DISTRICT of Huntington and Babylon

2014-15 Proposed Budget Updated as of Friday, March 21, 2014


2014-15 Proposed Budget REVENUES • Property Tax Levy “Cap” Legislation • State Aid • Revenue summary • Potential FEMA reimbursement

EXPENDITURES

NEXT STEPS

• Proposed Budget as of March 21st • Programmatic restorations • 2014-15 highlights

• Final Budget Adoption • Important Dates

2014-15 Proposed Budget – Updated as of March 21, 2014

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REVENUES

Property Tax Levy “Cap”

EXPENDITURES

NEXT STEPS • Third year of the Governor’s imposition of a formula to calculate the allowable growth of the property tax levy • The “cap” is not a cap; it’s a voter threshold • The Governor’s “2% cap” isn’t 2% • A “cap” on the tax levy does not mean a cap on an individual homeowner’s property taxes – these are two very different concepts • School districts across the State each arrive at different allowable percent increases to the levy, all by following the same formula 2014-15 Proposed Budget – Updated as of March 21, 2014

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REVENUES

Property Tax Levy “Cap”

EXPENDITURES NEXT STEPS

• HHH Board of Education made a decision to set forth a 2014-15 budget which requires a “simple majority” vote (i.e. not “piercing the cap”) • The District’s calculated Property Tax Levy “Cap” is 2.42% as of March 21, 2014  Stated differently: the 2013-14 total property tax levy of $187.7 million can increase by 2.42% for the 2014-15 school year, an increase of $4.5 million

2014-15 Proposed Budget – Updated as of March 21, 2014

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REVENUES

State Aid

EXPENDITURES NEXT STEPS 2013-14

18,000,000

High Tax

Categorical

Transportation

Building

(7,000,000) The State Aid figures above do not include an automatic aid deduction of approximately $150,000 which represents the local share of educating certain students.

2014-15 Proposed Budget – Updated as of March 21, 2014

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(4,284,551)

(4,646,753)

4,654,190 4,701,411

Special Ed

3,339,896 3,330,225

BOCES

834,427 805,900

1,355,745 1,260,720

Foundation

1,272,548 1,421,758

(2,000,000)

1,355,779

3,000,000

Expense Driven Aids

1,355,779

8,000,000

17,939,825 17,939,825

13,000,000

2014-15

Gap Elim Adj (GEA)


REVENUES

State Aid Proposals

EXPENDITURES NEXT STEPS

As of March 21, 2014…awaiting final State-adopted budget

Assembly Proposal Provides for • $1.1 billion increase in general support for public schools • $335 million increase in Foundation Aid • Phasing out of GEA over four years • Rejects various property tax proposals from Governor

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2014-15 Proposed Budget – Updated as of March 21, 2014

Senate Proposal Provides for • $811 million increase in general support for public schools • $0 increase in Foundation Aid • Phasing out of GEA in 2016-17 • Supports various property tax proposals from Governor

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REVENUES

Revenue Summary

EXPENDITURES

• Total expenses must equal total revenue • Revenue comes from four main sources:    

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

Appropriated Fund Balance & Use of Reserves 4.07%

NEXT STEPS

PILOTs and Miscellaneous* 2.15%

Potential FEMA Reimbursement 0.17%

State Aid 11.30%

• For 2014-15 we are projecting an additional one-time source of revenue through a FEMA reimbursement

Property Tax Levy 82.32%

* "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.

2014-15 Proposed Budget – Updated as of March 21, 2014

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REVENUES

Proposed Budget

EXPENDITURES

• 2014-15 Proposed Budget maintains all current instructional programs and restores some programs and services reduced from previous years’ budgets. • 2014-15 Proposed Budget*:

NEXT STEPS

 $233,500,000 (assumes 2.42% Property Tax Levy Cap increase)  $ increase from 2013-14: $5.2 million  % increase from 2013-14: 2.3% *as of March 21, 2014

2014-15 Proposed Budget – Updated as of March 21, 2014

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REVENUES

Proposed Budget

EXPENDITURES NEXT STEPS

• Restorations in 2014-15 Proposed Budget

 Additional psychologist support at Candlewood Middle School  Restore a job coach position  Full-time assistant principals in each elementary school  Restore Assistant Coaches at varsity level  Restore second theatre production at the middle schools  Restore some middle school clubs

2014-15 Proposed Budget – Updated as of March 21, 2014

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REVENUES

Proposed Budget

EXPENDITURES NEXT STEPS

• 2014-15 Proposed Budget maintains: • • • • • • • • • •

Universal Pre-Kindergarten Full-Day Kindergarten Elementary Academic Intervention Services in reading and math Elementary Summer School AHAP 27 Advanced Placement Courses 9-Period High School Day Special Education / ESL Research Program Instructional Technology replacements

2014-15 Proposed Budget – Updated as of March 21, 2014

• • • • • • • • • •

Universal K-12 Busing Planetarium 129 Athletic Teams Extracurricular Clubs K-12 Band, Orchestra & Chorus in Grades 4-12 Field Trips MS / HS Theatre Program Hills on Stage LIHSPA for Seniors Participation in SCMEA, NYSSMA and LISFA

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REVENUES

Next Steps

EXPENDITURES NEXT STEPS

10th:

• Thursday April Board adoption of the 2014-15 Proposed Budget • Early May: Budget Brochure mailed to all residents • Late April/Early May: Budget Presentations to Building PTAs • May 12th: Legally required Budget Hearing • May 14th: Mailing of legally required postcard Budget Notice • May 20th: Budget vote and trustee election 2014-15 Proposed Budget – Updated as of March 21, 2014

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2014 15 budget presentation march 24 2014 board workshop