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Katonah-Lewisboro Union Free School District. Superintendent’s Proposed 2013-2014 General Fund Budget. Community Budget Presentation May 2013. Board of Education Goal # 3.0 – Budget Adoption. Adopt a fiscally responsible 2013 – 2014 budget, that to the maximum extent possible,

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Superintendent s proposed 2013 2014 general fund budget

Katonah-Lewisboro Union Free School District

Superintendent’s Proposed 2013-2014 General Fund Budget

Community Budget Presentation

May 2013


Board of education goal 3 0 budget adoption
Board of Education Goal # 3.0 – Budget Adoption

Adopt a fiscally responsible 2013 – 2014 budget, that to the maximum extent possible,

  • maintains and, where feasible, enhances district programming and;

  • achieves spending levels within the property tax cap mandated by the State of New York.


The proposed budget
The Proposed Budget

The current budget: $112,996,167

The proposed budget: $114,879,543

Budget to Budget

Percent Increase: 1.67%


Budget history
Budget History

The District has been operating under a “self imposed” tax cap for numerous years.



Reductions mitigations in cost increases
Reductions/Mitigations in Cost Increases

  • Staff/Personnel $ 826,000

  • Transportation (Equipment) $ 1,040,150

  • Special Education $ 500,000

    (Majority of Special Ed reductions included in Staff/Personnel above)

  • Debt (Bus Purchases/Other) $ 113,000

    *Healthcare: Although healthcare was mentioned on the previous slide associated with significant increases, it is important to note that nearly $300,000 of increase in this area was offset through transitioning Pharmacy Benefit Managers with the assistance of a health benefits consultant. The District continues to conduct significant work in this area which should result in significant savings in the 2014-15budget.


Tax cap
Tax Cap

  • The allowable Tax Levy increase for KLSD, including exemptions is $1,558,178 or 1.53%.

  • The Tax Levy increase proposed in the 2013-2014 Superintendent’s budget is $102,981,072 or 1.34%.

  • The budget as proposed would require a simple majority vote to be approved (at least 50% plus 1 vote).

  • If the Board of Education presented a budget that necessitated a Tax Levy increase in excess of $1,558,178 then a (super) majority vote of 60% would be required.

  • In addition to the New York State tax cap, most of the contingent budget requirements still remain in effect.

  • A budget may only be presented twice to the voters for consideration.

  • If the budget is defeated both times, then the Tax Levy will be $101,615,151. This would require reductions, in addition to what is already presented, in the amount of $1,365,921.



  • Staffing
    Staffing

    Since 2007-08 the District has experienced a reduction in staffing of approximately 19%



    Projected revenues
    Projected Revenues*

    *At this time, all revenues are projected and may be adjusted when new information becomes available.



    The Percent Share of the Tax Levy is Proportioned Based on the Total Full Value of the Property in Each town…

    As you can see – During 2013-14 the total full value of the property in the school district is shifting from Lewisboro to Bedford. Because of this phenomenon, even if the tax levy was exactly the same in 2013-14 as it was in 2012-13, the tax rate in the Town of Bedford would still increase by 5.27%


    Tax Rate Changes the Total Full Value of the Property in Each town

    Projected Tax Rates:

    Bedford 2013-14 Rate6.68%

    2012-13 Rate 6.53%

    2011-12 Rate 2.06%

    2010-11 Rate 7.45%

    2009-10 Rate -1.47%

    2008-09 Rate 5.30%

    Lewisboro 2013-14 Rate 0.22%

    2012-13 Rate 1.69%

    2011-12 Rate 5.79%

    2010-11 Rate 1.22%

    2009-10 Rate 1.98%

    2008-09 Rate 0.50%

    Note: Rates are subject to change based on change in assessed values.


    Tax Rate Changes the Total Full Value of the Property in Each town

    Projected Tax Rates:

    North Salem 2013-14 Rate 6.10%

    2012-13 Rate -1.31%

    2011-12 Rate 7.69%

    2010-11 Rate -2.75%

    2009-10 Rate 1.98%

    2008-09 Rate 7.80%

    Pound Ridge 2013-14 Rate 5.17%

    2012-13 Rate-2.05%

    2011-12 Rate 8.23%

    2010-11 Rate 0.56%

    2009-10 Rate 1.53%

    2008-09 Rate 2.15%

    Note: Rates are subject to change based on change in assessed values.


    The tax rate in the Town of Bedford is projected to increase by 6.68%.

    How much will my tax bill increase?

    2012-13

    2013-14

    Assessed Value: $64,548

    Market Value: $650,030

    Taxes: $13,203

    Assessed Value: $64,454

    Market Value: $660,389

    Taxes: $14,065

    • Increase of $862 or 6.52%

    • Assumes value of home tracks according to trend in

    • the Town of Bedford

    Modifications in equalization rates and assessed values account for approximately 5.34% of the 6.68% tax rate change in the Town of Bedford. i.e. If assessed values and equalization rates in each of the 4 towns stayed the same in 2013-14 as they were in 2012-13 - the tax rate increase in each town would be 1.34%


    The tax rate in the Town of by 6.68%. Lewisboro is projected to increase by 0.22%.

    How much will my tax bill increase?

    2012-13

    2013-14

    Assessed Value: $63,000

    Market Value: $620,700

    Taxes: $12,607

    Assessed Value: $61,727

    Market Value: $581,200

    Taxes: $12,379

    • Decrease of ($228) or (1.81%)

    • Assumes value of home tracks according to trend in

    • the Town of Lewisboro


    Budget summary
    Budget Summary by 6.68%.

    • Addresses RTI and APPR requirements

    • Increased staff development opportunities

    • Reflects staffing reductions

    • Maintains course offerings

    • Maintains extra curricular programs

    • Integration of technology in teaching/learning

    • Continues bus replacement cycle

    • Increases funding for safety and security

    • Proposed budget: $114,879,543

    • Budget-to-budget percentage increase: 1.67%


    Propositions
    Propositions by 6.68%.

    Proposition Number 1 (The Budget)

    RESOLVED, that the 2013 – 2014 budget, be and the same is hereby adopted for the appropriation of the necessary funds to meet the estimated expenditures, and authorizing the levy of tax of and for said Katonah Lewisboro Union Free School District, Westchester County, New York as set forth in the detailed statement of expenditures, which will be required for school proposed and estimated direct expenses for the ensuing year, in the amount of $114,879,543. Said budget is within the tax cap limitations established by the State of New York in June 2011.


    Proposition number 2 bus replacement
    Proposition Number 2 Bus Replacement by 6.68%.

    RESOLVED, that the Board of Education of the Katonah-Lewisboro Union Free School District, Westchester County, New York, is hereby authorized to purchase and pay for twelve (12) seventy-eight (78) passenger school buses at a cost of approximately $138,275 each; and one (1) wheelchair accessible van at a cost of approximately $65,000; for a total cost not to exceed $1,724,300 which sum shall be raised by a levy on the taxable property of the School District and collected in annual installments as provided in Section 416 of the Education Law, and in anticipation of such tax, issue obligations of the School District.


    Katonah lewisboro school district
    Katonah-Lewisboro School District by 6.68%.

    May 9, 2013 Public Budget Hearing

    May 21, 2013 District Budget and

    Board of Education Vote


    Katonah lewisboro ufsd
    Katonah-Lewisboro UFSD by 6.68%.

    Budget Vote

    and

    Board of Education Election

    May 21, 2013


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