FY 2014 Budget PresentationFY 2014 Budget PresentationJanuary 31, 2013January 31, 2013
FY 2013 FY 2014 Diff %FY 2013 FY 2014 Diff %
ProposedProposedOperating BudgetOperating Budget $55,234,395$55,234,395 $56,273,652 $56,273,652 $ 1,039,257 $ 1,039,257 1.9% 1.9% Special Grant Appr. $ 3,018,000Special Grant Appr. $ 3,018,000 $ 3,218,000 $ 3,218,000 $ 200,000 $ 200,000 6.6% 6.6%
Food ServiceFood Service $ 1,770,000 $ 1,770,000 $ 1,770,000 $ 1,770,000 $ 0 0% $ 0 0%__________________________________________________________________________________________________
Grand TotalGrand Total $60,022,395 $60,022,395 $61,261,652 $61,261,652 $ 1,239,257 $ 1,239,257 2.1% 2.1%
Capital Improvement $ 924,000Capital Improvement $ 924,000 $13,204,038 $13,204,038 $ 12,280,038 1329.0% $ 12,280,038 1329.0% Program Program
RevenuesRevenues
FY 2013FY 2013 FY 2014 FY 2014 Diff % Diff %
Local RevenueLocal Revenue $ 2,529,536 $ 2,529,536 $ 2,456,000 ($ 73,536) ( 2.9%)$ 2,456,000 ($ 73,536) ( 2.9%)
State RevenueState Revenue $23,666,108 $23,666,108 $23,731,681 $ 65,573 0.3%$23,731,681 $ 65,573 0.3%
Federal RevenueFederal Revenue $ 533,000 $ 533,000 $ 595,000 $ 62,000 11.6%$ 595,000 $ 62,000 11.6%
TaxTax $28,505,751 $28,505,751 $29,490,971$29,490,971 $ 985,220 3.5%$ 985,220 3.5% ____________________________________________________________________________________
TotalTotal $55,234,395 $55,234,395 $56,273,652$56,273,652 $ 1,039,257 1.9%$ 1,039,257 1.9%
Tax Cap CalculationTax Cap Calculation FY 2013 FY 2013 FY 2014 FY 2014 BudgetBudget BudgetBudget
Expenditures Expenditures $ 55,234,395$ 55,234,395 $ 56,273,652 $ 56,273,652Less: Revenues Less: Revenues $ 31,659,092$ 31,659,092 $ 31,622,350 $ 31,622,350
______________________ __________ __________To be Raised in TaxesTo be Raised in Taxes $ 23,575,303$ 23,575,303 $ 24,651,302 $ 24,651,302State Education TaxesState Education Taxes $ 4,930,448$ 4,930,448 $ 4,839,669 $ 4,839,669
________________________ ___________ ___________Total TaxesTotal Taxes $ 28,505,751$ 28,505,751 $ 29,490,971 $ 29,490,971
CPI Increase CPI Increase $ 598,621 2.10%$ 598,621 2.10%New ConstructionNew Construction $ 386,599$ 386,599
______________________Total IncreaseTotal Increase $ 985,220 3.46%$ 985,220 3.46%
FY 2014 Tax Cap Calculation FY 2014 Tax Cap Calculation $ 29,490,971$ 29,490,971
Capital Improvement Program
$ 12,990,400$ 12,990,400
$ 213,638$ 213,638______________________$ 13,204,038$ 13,204,038
Bonded CIPBonded CIP
Cash CIPCash CIP
Total Capital ImprovementsTotal Capital Improvements
Current Level of Service Budget
Tax Cap CalculationTax Cap Calculation FY 2013 FY 2013 FY 2014 FY 2014 BudgetBudget BudgetBudget
Expenditures Expenditures $ 55,234,395$ 55,234,395 $ 57,874,071 $ 57,874,071Less: Revenues Less: Revenues $ 31,659,092$ 31,659,092 $ 31,622,350 $ 31,622,350
______________________ __________ __________To be Raised in TaxesTo be Raised in Taxes $ 23,575,303$ 23,575,303 $ 26,251,721 $ 26,251,721State Education TaxesState Education Taxes $ 4,930,448$ 4,930,448 $ 4,839,669 $ 4,839,669
________________________ ___________ ___________Total TaxesTotal Taxes $ 28,505,751$ 28,505,751 $ 31,091,390 $ 31,091,390
CPI Increase CPI Increase $ 598,621 2.10%$ 598,621 2.10%New ConstructionNew Construction $ 386,599$ 386,599
______________________Total IncreaseTotal Increase $ 985,220 3.46%$ 985,220 3.46%
FY 2014 Tax Cap Calculation FY 2014 Tax Cap Calculation $ 29,490,971$ 29,490,971
Total Effect on TaxesTotal Effect on Taxes $ 1,600,419$ 1,600,419
$ 456,000
(171,020) 304,000
93,076 304,000 76,000
37,673 76,000 76,000 95,476 39,968 152,000 61,246$ 1,600,419
Elementary6 Reading Teachers/Specialists (William Allen, Chamberlain, East Rochester, Gonic,
and 2 at McClelland)Add 10 Paraprofessionals
Middle School4 Teachers (Excel, Tech Ed, Music, World Language)
High SchoolAssistant Principal4 Teachers (Math, English, Science, Spanish)
Bud CarlsonTeacher
DistrictMainstream LiaisonPsychologistOccupational TherapistSpecial Ed Coordinator/PreschoolSpecial Ed Secretary2 Speech PathologistsCIC – System Technician
Total
Reductions/Additions in Personnel
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