|
Expenditures |
| |
2007-08
Budget |
2008-09
Proposed Budget |
%Change |
| General Support |
$3,080,115 |
$2,976,018 |
-3.4 |
| Instruction |
11,143,960 |
11,719,725 |
5.2 |
| Pupil Transportation |
1,032,704 |
1,256,890 |
21.8 |
| Debt Service |
1,715,183 |
1,762,778 |
2.8 |
| TOTAL |
$16,971,962 |
$17,715,411 |
4.38 |
| |
|
Revenues |
| |
2007-08
Budget |
2008-09
Proposed Budget |
%Change |
| State Aid |
$9,894,158 |
$10,806,182 |
9.2 |
| Property Taxes |
5,839,928 |
6,015,125 |
3.0 |
| Fund Balance |
448,540 |
230,878 |
-48.5 |
| Other |
789,336 |
663,226 |
-16.0 |
| TOTAL |
$16,971,962 |
$17,715,411 |
4.38 |
|
Budget Breakdown
Budgets are Comprised of Three Parts: |
| Administrative component |
$1,587,286 |
$1,677,530 |
$1,666,530 |
| Program component |
12,078,862 |
12,599,504 |
12,577,025 |
| Capital component |
3,305,814 |
3,438,377 |
3,434,377 |
| |
|
Proposed vs. Contingency |
| |
Budget adopted
for 2007-08 |
Budget proposed
for 2008-09 |
Contingency budget
for 2008-09 |
| Total budgeted amount |
$16,971,962 |
$17,715,411 |
$17,677,932 |
| Budget increase for 2008-09 school
year |
-- |
$743,449 |
$705,970 |
| Percentage increase |
-- |
4.38 |
4.16 |
| Consumer Price Index increase |
-- |
2.80 |
2.80 |
| Resulting estimated property tax
levy for 2008-09 |
-- |
$6,015,125 |
$5,977,646 |
-
Under state law, school boards
can submit a budget to voters a maximum of two
times. If the budget is defeated the first time, the
Board of Education may adopt a contingency budget or
it may put another budget up for public vote. If the
budget is defeated by voters a second time, the
board must adopt a contingency budget, which would
put a cap on new spending. Based upon a formula,
this year’s spending cap is 3.36 percent. (Some
exclusions are allowed.)
-
If a contingency budget is
adopted, the state’s spending cap would be put in
place.
-
Equipment purchases may be
eliminated.
-
Non-school related use of
buildings could be cut.
-
Transportation for
non-league athletic events may be eliminated.
-
Transportation for
Canajoharie village students
may be eliminated.
-
Additional instructional
and non-instructional staff positions may be
removed.
-
If a contingency budget is put
in place, under state law there can be no more votes
on a budget for this year.
|
|
