2015-16 Proposed Budget PresentationAPRIL 21, 2015

Agenda Review of projected revenue

Review of projected expense

Review of projected debt service

Approximate Tax rate and history

Budget Timeline

Overview of Bus Lease

Overview of Capital Project

Expenses 2013

◦ $23,150,607

2012◦ $20,840,052

2011◦ $21,789,399

2010◦ $21,503,426

2009◦ $21,137,892

2014-2015◦ $24,400,250 (approx.)

2015-16◦ Proposed◦ $25,585,252

Function Level 1600 Facility

◦ 2015 $2,778,037◦ 2014 $2,492,817◦ 2013 $2,543,604◦ 2012 $2,614,251◦ 2011 $2,915,412

2000 Admin◦ 2015 $616,326◦ 2014 $699,961◦ 2013 $602,608◦ 2012 $605,172◦ 2011 $671,485

2100 Teaching◦ 2015 $6,421,210◦ 2014 $6,428,489◦ 2013 $6,102,143◦ 2012 $6,002,448◦ 2011 $5,914,175

2200 Special Ed◦ 2015 $2,283,236◦ 2014 $2,485,459◦ 2013 $2,100,459◦ 2012 $2,316,707◦ 2011 $3,189,648

Continued 5500 Transportation

◦ 2015 $840,073◦ 2014 $830,021◦ 2013 $808,946◦ 2012 $922,575◦ 2011 $783,894

9000 Employees Benefits◦ 2015 $5,509,216◦ 2014 $5,804,625◦ 2013 $5,600,230◦ 2012 $4,889,500◦ 2011 $4,154,786

Debt Service Principal and Interest (current yr)

◦ $3,057,527

2015-16◦ $3,508,292

Building Aid◦ $3,116,405

◦ ($58,878)

2015-16◦ $3,551,548

◦ ($43,256)

Included in Budget $100,000 SED approved project

◦ TBD

$185,000 maintenance equipment and vehicles

Category Spending Category 2014-15 2015-16

Admin 10% 12%

Capital 20% 22%

Program 70% 66%

Tax Levy and Budget to Budget

District Budget 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

Voter Approved 23,314,772

23,730,457 23,229,344 23,490,421 23,975,045 24,777,768 25,585,252

Budget to Budget 1.29% 1.78% -2.11% 1.1% 1.98% 3.35% 3.03%

Tax Levy 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016

Actual Levy 6,622,411 6,754,000 6,517,000 6,371,997 6,280,000 6,126,829 6,075,250

Tax Levy % 3.33% 1.99% -3.51% -2.22% -1.44% -2.52% -.84%

Program Regional Pathways of programs

Maintain college course work

Keep expanding enrichment opportunities

Budget Timeline February 24, 2015

◦ Overview of Preliminary Revenue/Expense

March 24,2015◦ Budget Presentation/Final

Recommendations

April 21, 2015◦ Final Budget Approval

May 12, 2015◦ School Budget Hearing

May 19, 2015◦ Annual Budget Vote

Staff Presentation◦ March 18, 2015 (3:15pm)

Community Presentation◦ May 5, 2015

Overview of Bus Lease/Purchase

Fleet Assessment

By the Numbers Sidney CSD – Estimated cost breakdown per year

The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

YEAR 1, 201565 passenger 3 $107,816.00 $323,448.00 $0.00 $323,448.0028 passenger 1 $46,563.00 $46,563.00 $0.00 $46,563.00YEAR 2, 201665 passenger 3 $111,050.00 $333,150.00 $0.00 $333,150.0028 passenger 1 $47,960.00 $47,960.00 $0.00 $47,960.00YEAR 3, 201765 passenger 3 $114,382.00 $343,146.00 $0.00 $343,146.0028 passenger 1 $49,399.00 $49,399.00 $0.00 $49,399.00YEAR 4, 201865 passenger 3 $117,813.00 $353,439.00 $0.00 $353,439.0028 passenger 1 $50,881.00 $50,881.00 $0.00 $50,881.00YEAR 5, 201965 passenger 3 $121,348.00 $364,044.00 $0.00 $364,044.0028 passenger 1 $52,407.00 $52,407.00 $0.00 $52,407.00YEAR 6, 201565 passenger 3 $124,988.00 $374,964.00 $0.00 $374,964.0028 passenger 1 $53,979.00 $53,979.00 $0.00 $53,979.00YEAR 7, 201665 passenger 3 $128,738.00 $386,214.00 $0.00 $386,214.0028 passenger 1 $55,599.00 $55,599.00 $0.00 $55,599.00YEAR 8, 201765 passenger 3 $132,600.00 $397,800.00 $0.00 $397,800.0028 passenger 1 $57,267.00 $57,267.00 $0.00 $57,267.00YEAR 9, 201865 passenger 3 $136,578.00 $409,734.00 $0.00 $409,734.0028 passenger 1 $58,985.00 $58,985.00 $0.00 $58,985.00YEAR 10, 201965 passenger 3 $140,675.00 $422,025.00 $0.00 $422,025.0028 passenger 1 $60,754.00 $60,754.00 $0.00 $60,754.00

Total Cost after TradesSchool Year / Capacity Quantity Cost / Unit Cost Extended Less Trade

By the NumbersSidney Central School District – Estimated District Share, 90% State Aid

The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

YEAR Bus Estimated Qty Total Estimated # of Total Total Estimated State Aid Estimated Type Purchase Per Year Trades Estimated Expenditure 90.00% District

Price / Bus Expenditure Trade Value after Trades ShareYr 1 2015 C $107,816.00 3 $323,448.00 0 $0.00 $323,448.00 $291,103.20 $32,344.80

A $46,563.00 1 $46,563.00 0 $0.00 $46,563.00 $41,906.70 $4,656.30$370,011.00 $37,001.10

Yr 2 2016 C $119,369.00 3 $358,107.00 0 $0.00 $358,107.00 $322,296.30 $35,810.70A $47,960.00 1 $47,960.00 0 $0.00 $47,960.00 $43,164.00 $4,796.00

$406,067.00 $40,606.70Yr 3 2017 C $122,949.00 3 $368,847.00 0 $0.00 $368,847.00 $331,962.30 $36,884.70

A $49,399.00 1 $49,399.00 0 $0.00 $49,399.00 $44,459.10 $4,939.90$418,246.00 $41,824.60

Yr 4 2018 C $126,638.00 3 $379,914.00 0 $0.00 $379,914.00 $341,922.60 $37,991.40A $50,881.00 1 $50,881.00 0 $0.00 $50,881.00 $45,792.90 $5,088.10

$430,795.00 $43,079.50YR 5 2019 C $130,437.00 3 $391,311.00 0 $0.00 $391,311.00 $352,179.90 $39,131.10

A $52,407.00 1 $52,407.00 0 $0.00 $52,407.00 $47,166.30 $5,240.70$443,718.00 $44,371.80

Yr 6 2020 C $134,350.00 3 $403,050.00 0 $0.00 $403,050.00 $362,745.00 $40,305.00A $53,979.00 1 $53,979.00 0 $0.00 $53,979.00 $48,581.10 $5,397.90

$457,029.00 $45,702.90Yr 7 2021 C $138,381.00 3 $415,143.00 0 $0.00 $415,143.00 $373,628.70 $41,514.30

A $55,599.00 1 $55,599.00 0 $0.00 $55,599.00 $50,039.10 $5,559.90$470,742.00 $47,074.20

Yr 8 2020 C $142,532.00 3 $427,596.00 0 $0.00 $427,596.00 $384,836.40 $42,759.60A $57,267.00 1 $57,267.00 0 $0.00 $57,267.00 $51,540.30 $5,726.70

$484,863.00 $48,486.30Yr 9 2021 C $146,808.00 3 $440,424.00 0 $0.00 $440,424.00 $396,381.60 $44,042.40

A $58,985.00 1 $58,985.00 0 $0.00 $58,985.00 $53,086.50 $5,898.50$499,409.00 $49,940.90

YR 10 2022 C $151,212.00 3 $453,636.00 0 $0.00 $453,636.00 $408,272.40 $45,363.60A $60,754.00 1 $60,754.00 0 $0.00 $60,754.00 $54,678.60 $6,075.40

$514,390.00 $51,439.00

By the NumbersSidney Central School District - Estimated lease payment per year before State Aid

The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Payment Payment Payment Payment Payment Payment Payment Payment Payment Payment

YR 1 $56,776 $56,776 $56,776 $56,776 $56,776

YR 2 $58,479 $58,479 $58,479 $58,479 $58,479

YR 3 $60,233 $60,233 $60,233 $60,233 $60,233

YR 4 $62,040 $62,040 $62,040 $62,040 $62,040

YR 5 $63,901 $63,901 $63,901 $63,901 $63,901

YR 6 $65,818 $65,818 $65,818 $65,818 $65,818

YR 7 $67,793 $67,793 $67,793 $67,793

YR 8 $69,827 $69,827 $69,827

Yr 9 $71,922 $71,922

YR 10 $74,079TOTAL $56,776 $115,255 $175,488 $237,528 $301,429 $310,471 $319,785 $329,379 $339,261 $349,439

By the NumbersSidney Central School District - Estimated lease payment per year with 90% State Aid

The figures posted on this page are all estimates, the figures are to be used as a guideline only, as the bus options, the bus condition and current market will factor in at the time of the purchase and trades.

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024Payment Payment Payment Payment Payment Payment Payment Payment Payment Payment

YR 1 $5,678 $5,678 $5,678 $5,678 $5,678

YR 2 $5,848 $5,848 $5,848 $5,848 $5,848

YR 3 $6,023 $6,023 $6,023 $6,023 $6,023

YR 4 $6,204 $6,204 $6,204 $6,204 $6,204

YR 5 $6,390 $6,390 $6,390 $6,390 $6,390

YR 6 $6,582 $6,582 $6,582 $6,582 $6,582

YR 7 $6,779 $6,779 $6,779 $6,779

YR 8 $6,983 $6,983 $6,983

Yr 9 $7,192 $7,192

YR 10 $7,404TOTAL $5,678 $11,526 $17,549 $23,753 $30,143 $31,047 $31,978 $32,938 $33,926 $34,940

Municipal Financing Options

Purchase Cash Bonding

Lease

Municipal Leasing

Leasing is an aid-able transportation expense

School does not hold title Equipment is returned to leasing company at end of lease term

Available Terms: Short Term - Less than one year

Districts may lease buses upon board authorization without voter approval At the end of lease term, the buses are returned to the lessor The lease may not be renewed nor the buses purchased without a subsequent

voter approval Long Term - One year to five years

Districts may lease buses with voter approval Same end-of-term considerations

Benefits of Municipal Leasing

No large up-front payment

Consistent, Predictable, Even Expenditures

Lower Maintenance Costs – Fleet is 5yrs old or less

More reliable fleet – less need for spares

Leasing is a way to “catch up” on an aging fleet

Leasing doesn’t factor into a district’s indebtedness

Less than one year lease can fill an immediate need

Capital Project

Capital Project• Renovation of elementary school

• Kindergarten area• Bathrooms• Plumbing• Roof recoating

• Renovation of Middle School• Locker rooms• Window replacements• Asphalt replacement and plumbing• School based Clinic remodel

continued• Renovation at the High School

• Roof re-coatings• Window replacements• Ventilation (technology, Agriculture, Pool)• Main office remodel• Classroom tiles and ceiling replacements• Boiler replacement• Kitchen renovation

Cost• Total cost approx. 14.7 million• Utilize EXCEL (687,000)• Utilize 1 million from capital reserve

• Local share • Approximately $39,274 annually.• Approximately $2.15 on a $100,000 home

Tentative Timeline• May 2015 Project Approval• May 2015 Submittal of Roof work• Summer 2015 Roof work• October 2015 Submittal of Phase II• May 2016 Bid of Phase II• Summer 2016 Start of construction• 2016-17 Construction