wantagh public schools
DESCRIPTION
Proposed Budget 2014-2015 School Year A 21 st CENTURY EDUCATION BELOW THE TAX CAP. Wantagh Public Schools. Our Priorities 21 st Century Education. This budget maintains: Full-day Kindergarten Current Class Size Guidelines All Current K-12 Programs All Athletic Teams and - PowerPoint PPT PresentationTRANSCRIPT
Proposed Budget2014-2015 School Year
A 21st CENTURY EDUCATION BELOW THE TAX CAP
Wantagh Public Schools
This budget maintains:• Full-day Kindergarten• Current Class Size Guidelines• All Current K-12 Programs• All Athletic Teams and Programs• AIS Support Incorporating RTI• Horizons Program• Elementary Foreign Language
Our Priorities21st Century Education
Our Priorities 21st Century Education
• General Maintenance of our District’s Buildings and Grounds
• Continued Use of Security Guards in All Five District Buildings
Our Priorities21st Century Education
• Continued Upgrade of our Technology Infrastructure Supporting Instruction (Hardware, Software, SMART Boards)
• Digital Instructional Resources Including: Castle Learning, iReady, enVision Math, Safari Montage and other Interactive Instructional Resources
New Components 2014-2015 Budget: Curriculum
• Introduction of New HS Courses/Electives: Studio in Media Arts AP Physics I AP Physics I / II Math 12
• New “Wonders” Elementary Reading Program
New Components 2014-2015 Budget: Technology
• Expansion of Technology Initiatives for Academics, Assessments and Infrastructure:
Desktop Virtualization Macintosh Computer Lab Interactive Technologies Infrastructure Upgrades (Hardware, Software, Interactive Boards)
New Components 2014-2015 Budget:Fine and Performing Arts
• Purchase of New Musical Instruments to Expand Opportunities for Students
• Upgrading Facilities to Address Growing Demand for Music and Fine Arts
• Development of New Energy Savings Projects
• 2014-2015 Capital Projects Include:
District-Wide - Brick Pointing, Lintels Repair, Masonry Reconstruction, Health and Safety Improvements
Middle School - Locker Replacements for Music Room and Gymnasium
High School - Bathroom Renovations, Door and Hardware Replacements
New Components 2014-2015 Budget:Facilities
Our Points of Pride
AcademicAthleticArtsAltruism
For More Highlights Go to our District Website at:
www.wantaghschools.org
Percentage of Wantagh Graduates Earning Regents Diplomas
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
0%
20%
40%
60%
80%
100%
Consistently Ranked
among the Highest in
Nassau County
97% of Wantagh’s 2013 Graduates were College Bound
Regents Passing Rates
US History/Gov't
Physics
Living Environment
Global History/Geography
Geometry
English
Earth Science
Chemistry
Algebra 2/Trigonometry
Algebra
0 10 20 30 40 50 60 70 80 90 100Percentage Passing
Advanced Placement Participation: 3 Year Study
Participation in the Advanced Placement Program is a Common Indicator of School District Success
Wantagh HS will Administer 458 AP Exams to 265 AP Students in May 2014
In 2012, Wantagh had 223 AP Students and Administered 332 Exams In 2013, Wantagh had 245 AP Students and Administered 388 Exams
2012 2013 20140
50
100
150
200
250
300
350
400
450
500
Number of AP Students
Total Number of AP Exams
38%INCREASE
SINCE 2012
2013 AP Scores
• The average score on all exams in Wantagh was 3.14, and 70.9% of all scores were 3 or higher.
• 41.27% of all scores in Wantagh were a 4 or a 5.
Wantagh NYS Internationally0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
70.90%65.80%
58.50%
• The percentage of AP students at Wantagh High School with a score of 3 or higher is 76.6% in 2013.
Wantagh NYS Internationally0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
76.60%67.20%
60.80%
Students Scoring 3+
2013 AP Scores
Budget Equation
Prog
ramExpenditure
Revenue
Tax Levy Limit
2014-2015 Maximum AllowableTax Levy Calculation
2013-2014 Tax Levy $55,785,769 Tax Base Growth Factor x 1.0048
$56,053,541 2013-2014 Estimated PILOT + 50,017
$56,103,558 2013-2014 Capital Levy (Net of Building Aid) - (1,417,772) Adjusted 2013-2014 Tax Levy $54,685,786 Allowable Growth Factor (Lesser of 2% or CPI) x 1.46%
$55,484,198 2014-2015 Estimated PILOT - (52,703)
$55,431,495 Available Carryover from 2013-2014 + 0 Tax Levy Limit Before Exclusions $55,431,495 2014-2015 Pension Exemptions + 0 2014-2015 Capital Levy (Net of Building Aid) +$1,653,108
$57,084,603
2014-2015 Tax Levy Limit = 2.33%
2014-2015 Budget and Levy Facts
Items Amount PercentProposed
Budget $75,481,754 1.76%Proposed Tax Levy $56,895,906 1.99%Allowable Tax Levy $57,084,603 2.33%
Amount Below The “Tax Cap” $188,697
Three-Part Budget at a Glance:Expenses
10.18%
77.69%
12.13%
Proposed Budget Expenditure 2014-2015
Administration Program
Capital
Total Budget = $75,481,754
Programs for Students
CapitalAdministration & Program Support
Summary of Revenue
2013-2014 2014-2015State Aid 14,556,612 14,496,604
Other Revenue 707,244 614,244Appropriated Fund Balance/Reserves 3,125,000 3,475,000
To Be Raised in Taxes 55,785,769 56,895,906
TOTAL BUDGET 74,174,625 75,481,754
Budget at a Glance:Revenues
75.38%
19.21%4.60% 0.81%
Estimated Revenues 2014-2015
Tax Levy
State Aid
Applied Fund Balance/Re-serves
Other Revenues
Tax Levy
State AidFund Balance Other Revenues
State Aid
General AidBOCES Aid
Excess Cost AidHigh Tax AidBuilding Aid
Instructional Materials AidTransportation Aid
NYS Gap Elimination (State Aid Cut of $1,674,225)Local Share Deduct (State Aid Cut of ~ $51,000)
Total: $14,496,60419.21% of Revenue
Other Revenues
$ 614,244 Student Fees Interest Earnings Rental of Property Gifts and Donations
$3,475,000 Fund Balance and Reserves Utilizing More Money from
Reserves to Offset Loss of State Aid and Increase from Teachers’ Retirement Expenses
Total: $4,089,2445.41% of Revenue
Tax Levy 75.38% of Revenue
Proposed Levy $ 56,895,906
Current Levy $ 55,785,769
Amount Change $ 1,110,137
1.99% Increase
2014-2015 Allowable Tax
Levy Limit
Levy is below the Allowable Tax Levy Limit:
Allowable Tax Levy: 2.33% $ 1,298,834Tax Levy Increase: 1.99% $ 1,110,137Dollar Amount Below Cap $ (188,697)
889 Average Assessed Value
96.31 Estimated Proposed Tax Rate 8,562 Average Tax Bill - Proposed Budget
$173 Average Annual Tax Increase*
* Will Vary Based on Final Assessments and Adjusted Base Proportions
2014-2015
Proposed BudgetAverage Tax Bill
(Pending Updated Information from Nassau County Assessor this Fall)• Assume the Adjusted Base Proportions Remain the Same as 2013-2014• Average Assessed Home Full Value of $372,400
Average Class I Tax Bill
Tax Levy = $56,895,906
Nassau County Property Tax Class System
Class I Residential Homes (1-3 Family)Class II Multiple-Family HomesClass III Public UtilityClass IV Commercial Property
Wantagh Base Proportions 2013-14 Class I 87.72%
Class II 0.38%
Class III 3.92%
Class IV 7.98%
Process to Review Reserves and Fund Balance
• By 6/30/14 – Board Resolution Authorizes Funding of Specific Reserves up to a Set Dollar Amount
• Closing of Books – Final Review of Surplus and/or Deficit
• Review of Capital Needs• Review Capacity to Fund Reserves Based
on Budgetary and Actuarial Data
Process to Review Reserves and Fund Balance
• Allocation of Surplus Funds:Unappropriated Fund Balance - Limited to 4%
of Budget. Necessary to Offset:• Lost Revenues (State Aid, Grants, Other Revenues)• Unanticipated Cost Increases • Unanticipated New Expenses and Emergency
Expenditures Reserves – Necessary for District Long-Term
Planning Needs and Tax Levy “Smoothing”
Process to Review Reserves and Fund Balance
• Fiscal Targets Reviewed with Moody’s:– Undesignated Reserves Greater than 5% of
Revenues– Fund Balance (General Fund) 15-20% of Revenues– Appropriated Fund Balance As Little as Possible
(Obligation for Budget)– Debt Expenditures 2.5% to 4% of Revenues
Wantagh has Made Much Progress to Meet Fiscally Sound Targets
Undesignated Reserves - 2013General Fund – Fund Balance 6/30/2013 % Revenue Target
UNDESIGNATED RESERVESWorkers’ Compensation $515,128Unemployment Insurance $504,469Retirement Contribution $4,275,109
TOTAL UNDESIGNATED $5,294,706 7.1% > 5%
RESTRICTED RESERVESEmployee Benefit Accrued Liability $1,795,739Tax Certiorari $350,000
TOTAL RESTRICTED $2,145,739
Total Reserves $7,440,445
Reserves and Fund Balance 6/30/14Prior to New Funding 6/30/2014 2013-14 Target
RESTRICTED (RESERVES)Workers’ Compensation $515,128Unemployment Insurance $504,469Employee Benefit Accrued Liability $1,730,739 Minus $65,000Retirement Contribution $3,675,109 Minus $600,000Tax Certiorari $0 Minus $350,000Capital Reserve $0 TBD
TOTAL RESERVES $6,425,445ASSIGNEDEncumbrances $0Appropriated ($3,125,000+$350,000) $3,475,000 Plus $350,000
TOTAL ASSIGNED $3,475,000UNASSIGNED $3,019,270 Limited to 4%
Total General Fund Balance $12,919,715 17.4% 15-20%Less Prior Year Appropriation $9,444,715 12.7%
Debt Expenditures2013-14 Anticipated Actual % Revenues Target
DEBT EXPENDITURESBond Principal $1,590,000Bond Interest $826,616
Total Debt $2,416,616 3.3% 2.5%-4%
2014-2015 Anticipated Actual % Revenues TargetDEBT EXPENDITURESBond Principal $1,660,000Bond Interest $735,169
Total Debt $2,395,169 3.2% 2.5%-4%
$21,447 SAVINGS DUE TO BOND REFUNDING!
According to the NYS Department of Taxation and Finance:In School Districts where the Voter-Approved
2014-15 Tax Levy is at/or below the Allowable Tax Levy Limit
Taxpayers with Incomes up to $500,000Who are Eligible for a STAR Property Tax Exemption Will Receive a School Property Tax Credit* from NYS
in an Amount up to the Greater of:
1. The Increase in your School Tax Bill from 2013-14 to 2014-15 or
2. The Tax Growth Factor (1.46% for 2014-15) Multiplied by your 2013-14 School Tax Bill
* Adjustments will be Applied for Certain Exclusions
Tax Freeze Law
Contingency Budget
Instructional Equipment Technology Hardware Student Supplies Musical Instruments Non-Essential Maintenance
for Buildings and Grounds Capital Expenditures Reduction in Clubs, Teams
There are restrictive rules for budgets under contingency. Certain expenses are prohibited, and other budgetary items must be reduced or eliminated in order to meet contingency limits. Cuts would include the following:
Plus: Mandatory Fees for Use of Buildings by Community Groups
VOTERREGISTRATION
Saturday, May 10, 2014
9:00 AM to 1:00 PM
at District Administration Building
VOTING
Tuesday, May 20, 2014
7:00 AM TO 9:00 PM
Wantagh Elementary School, Mandalay Elementary School and Forest Lake Elementary
School
Questions?