2011-12 Budget – Draft #5 Summary

Budget               Budget

2011-12            2010-11          Change          % Change

Appropriations          $32,786,814     $33,571,510   ($   784,696)        (2.3%)

Revenues                   $20,272,390     $21,535,965   ($1,263,575)        (5.9%)

Est Tax Levy              $12,514,424     $12,035,545    $   478,879            3.98%

There are a number of factors driving the budget decrease, as well as the estimated tax levy increase.  The district was able to reduce the budget by an additional $382,704.  The savings are result of moving Grades 7 and 8 to the High School and Grade 6 to the Intermediate School and by reducing utilities by $30,000.  This budget draft will apply an additional $315,055 from the Fund Balance to offset the increase in the tax levy.  The total application of Fund Balance will be $1,575,000.  This is up from the $1,259,945 applied to the 2010-11 Budget.

   The details for the reductions to the budget are as follows:

                                    Budget               Budget

2011-12            2010-11          Change            % Change

Salaries                      $12,305,355     $13,750,441    ($1,455,086)      (10.5%)

Benefits                      $  7,693,251    $   7,287,779    $    405,472           5.6%

BOCES

Special Education    $  2,732,789    $   2,039,676    $     693,113         34.0%

Rest of Budget          $10,055,419     $10,493,614    $    (438,195)        (4.2%)

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