Professional Documents
Culture Documents
Study Session
3/19/2013
Revenue Analysis
Fund Balance
Debt Service
Bus Purchase Resolution
1
Revenue Projections
13-14 Projected Draft
Budget Incr (Decr)
over 2012-13 Budget
Revenue
Budget
2013-14
Executive
Budget
State Aid
2013-14
Projected
Draft
Budget
$ Amount
26,336,843
26,337,312
26,337,312
469
BOCES Aid
1,810,924
1,819,511
1,819,511
8,587
Building Aid
6,824,121
6,228,383
6,045,508
(778,613)
Transportation Aid
7,079,045
7,505,815
7,505,815
426,770
1,366,293
1,476,218
1,476,218
109,925
843,176
971,288
971,288
128,112
(6,758,633)
(6,758,633)
(6,496,100)
(6,496,100)
(6,496,100)
(6,496,100)
262,533
262,533
37,501,769
37,842,427
37,659,552
157,783
2012-13
Revenue Items
Foundation Aid
Gap Elimination
Adjustment
State Aid
.42%
3
Revenue Projections
13-14 Projected Draft
Budget Incr (Decr)
over 2012-13 Budget
2012-13
Actual
Revenue
Budget
1,698,810
100,000
232,000
381,350
320,000
665,460
4,000,000
Revenue Items
Other Items
Interest Earnings
Tuitions & Admissions
Rentals, Sales, Refunds
Federal Reimbursements
Other Tax Items
Fund Balance
Reappropriated Fund
Balance
3,250,000
Reappropriated
Employee Benefits
0
Reappropriated
Retirement Reserve
750,000
108,338,579
Property Taxes
Totals 151,539,158
2013-14
Projected
Draft
Budget
1,408,905
90,000
324,000
319,975
345,000
329,930
4,660,000
$ Amount
(289,905)
(10,000)
92,000
(61,375)
25,000
( 335,530)
660,000
3,250,000
660,000
660,000
750,000
112,339,022
156,067,479
0
4,000,443
4,528,321
%
(17.07%)
16.50%
3.69%
2.99%4
108,338,579
P/Y Growth
1.0136
109,811,984
+
+
+
371,380
(10,206,935)
6,993,404
733,608
(2,479,923)
107,703,440
1.02
109,857,509
109,857,509
(304,930)
+
-
10,656,079
(6,228,383)
(593,547)
3,834,149
0
+
x
55,208,923
2.41%
1,330,535
0
Available Carryover
114,717,263
6,378,684
5.89%
6
2012-13
2013-14
%
$ Increase Increase
Budget
Proposed
Budget
108,816,972
114,717,263
5,900,291
5.42%
108,338,579
112,339,022
4,000,443
3.69%
478,393
2,378,241
3.43%
5.89%
7.00%
6.00%
5.93%
5.00%
4.00%
4.73%
2.8%
3.11%
2.00%
4.55%
3.18%
3.69%
1.72%
.90%
1.00%
0.82%
0.22%
0.00%
08-09
09-10
10-11
11-12
12-13
Proposed
13-14
(A)
5,572,788
Year-End Estimates
Revenues incl. Carryover Encumbrance
(B)
152,658,503
(C)
(147,609,636)
(D)
5,048,867
3/21/2013
3/21/2013
Projected Unreserved/Unappropriated
Fund Balance (A+D)
(E)
10,621,655
(F)
(750,000)
(G)
(H)
10
(I)
(1,250,000)
(J)
(3,250,000)
(K)
5,371,655
3.44%
11
(A)
Year-End Estimates
Revenues incl Carryover Enc.
(B)
(C)
(D)
3/21/2013
6/30/13
$5,371,655
$1,560,675
12
(E)
$6,932,330
(F)
(G)
(H)
3/21/2013
13
(I)
(J)
(3,250,000)
Projected Unres/Unapprop
Fund Balance 6/30/14
(K)
3,682,330
3/21/2013
2.34%
14
Budget Proposal
2013-14
Tax Levy Limit Cap
$114,717,263 Tax Levy
5.89% Tax Levy Increase
2013-14
Proposed Budget
(Below the Tax Levy
Limit)
$112,339,022 Tax Levy
3.69% tax levy increase
(Below the Tax Levy Limit Cap)
Budget Increase ($)
$ 4,000,443
Budget Increase (%)
2.99%
Estimated
True Value Tax Rate 3.18%
15
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
2024-25
2025-26
2026-27
2027-28
2028-29
2029-30
Refi
Series B,
D, and F
1,443,758
1,957,700
1,968,500
1,952,875
1,959,650
1,156,600
1,150,100
1,146,500
484,500
13,220,183
Series F
SHENET
Tech & Sci Rms
510,625
510,625
Refi
Series E
$7.9M MS
601,172
602,369
606,744
599,844
603,281
606,094
603,281
4,222,785
Refi
$1.5M
Dist Office
106,450
102,450
108,538
104,825
112,275
105,694
113,813
106,638
109,200
106,444
1,076,327
Refi
$22.5M
MS/HS Classrms
1,598,825
1,598,525
1,597,325
1,604,525
1,604,725
1,608,125
1,549,525
1,494,275
1,488,775
1,488,175
1,479,000
960,750
18,072,550
16
Year
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
2024-25
2025-26
2026-27
2027-28
2028-29
2029-30
$8.8M
Facility
Maintenance
Projects
771,300
770,400
767,600
774,000
779,200
778,200
781,200
783,000
483,600
6,688,500
$38M
Elem, MS,
Pool & Trans
Projects
2,943,103
2,959,934
2,961,565
2,963,046
2,970,709
2,980,576
2,987,503
2,996,371
3,003,315
3,012,909
1,384,484
1,387,940
1,389,334
1,393,665
1,400,728
36,735,182
$1.5M
Skano/
Tesago
Roof
135,200
136,400
137,400
133,200
134,000
134,600
135,000
135,200
135,200
1,216,200
$8.2M
Excel
Projects
Bond
$3.5M
Track
Bond
541,953
543,683
544,471
541,492
545,347
545,347
544,006
548,282
548,527
551,265
549,951
540,559
344,568
232,266
232,036
232,373
231,102
232,747
232,747
232,175
233,999
234,104
235,273
234,712
230,704
147,057
6,889,451
2,941,295
$10.1M
Est. Borrow
$7.7M
H&S, WiFi
232,143
729,990
724,750
722,000
723,500
724,000
723,500
722,000
724,500
725,750
725,750
724,500
722,000
723,250
723,000
726,250
477,750
11,574,633
17
2012-13
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
2020-21
2021-22
2022-23
2023-24
2024-25
2025-26
2026-27
2027-28
2028-29
2029-30
8,884,652
9,135,640
9,654,506
9,629,659
9,663,934
8,871,485
8,820,603
8,167,765
7,209,221
6,118,566
4,373,897
3,845,703
2,605,459
2,115,665
2,123,978
723,000
726,250
477,750
103,147,733
18
2029-30
2028-29
2027-28
2026-27
2025-26
2024-25
2023-24
2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
12,000,000
10,000,000
8,000,000
6,000,000
4,000,000
Total
Debt
2,000,000
19
301,038
2010-11
285,469
172,197
2011-12
287,503
168,824
220,050
2012-13
288,894
175,916
236,600
319,896
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
294,713
177,347
187,664
242,100
247,400
252,500
360,956
372,206
387,806
397,716
881,949 1,198,650
1,838,580
1,457,616
Annual
5-Yr Bond 5-Yr Bond Payments
1,249,173
1,190,710
1,175,415
1,230,663
353,703
383,800
395,025
401,125
417,075
394,772
399,600
398,650
397,400
395,850
1,428,819
1,585,842
1,434,931
1,197,491
814,475
395,850
1,950,728 1,986,272
20
3/21/2013
21