2015-16
Proposed Budget
Presentation
APRIL 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
Building Aid
◦ $3,116,405
◦ ($58,878)
2015-16
◦ $3,508,292
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
Voter
Approved
2009-2010
2010-2011
23,314,772 23,730,457
2011-2012
2012-2013 2013-2014 2014-2015 2015-2016
23,229,344 23,490,421 23,975,045 24,777,768 25,585,252
Budget to
Budget
1.29%
1.78%
-2.11%
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
Tax
Levy % 3.33%
1.99%
-3.51% -2.22% -1.44% -2.52% -.84%
1.1%
1.98%
6,280,000
3.35%
6,126,829
3.03%
6,075,250
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
School Year / Capacity
YEAR 1, 2015
65 passenger
28 passenger
YEAR 2, 2016
65 passenger
28 passenger
YEAR 3, 2017
65 passenger
28 passenger
YEAR 4, 2018
65 passenger
28 passenger
YEAR 5, 2019
65 passenger
28 passenger
YEAR 6, 2015
65 passenger
28 passenger
YEAR 7, 2016
65 passenger
28 passenger
YEAR 8, 2017
65 passenger
28 passenger
YEAR 9, 2018
65 passenger
28 passenger
YEAR 10, 2019
65 passenger
28 passenger
Sidney CSD – Estimated cost
breakdown per year
Quantity
Cost / Unit
Cost Extended
Less Trade
Total Cost after Trades
3
1
$107,816.00
$46,563.00
$323,448.00
$46,563.00
$0.00
$0.00
$323,448.00
$46,563.00
3
1
$111,050.00
$47,960.00
$333,150.00
$47,960.00
$0.00
$0.00
$333,150.00
$47,960.00
3
1
$114,382.00
$49,399.00
$343,146.00
$49,399.00
$0.00
$0.00
$343,146.00
$49,399.00
3
1
$117,813.00
$50,881.00
$353,439.00
$50,881.00
$0.00
$0.00
$353,439.00
$50,881.00
3
1
$121,348.00
$52,407.00
$364,044.00
$52,407.00
$0.00
$0.00
$364,044.00
$52,407.00
3
1
$124,988.00
$53,979.00
$374,964.00
$53,979.00
$0.00
$0.00
$374,964.00
$53,979.00
3
1
$128,738.00
$55,599.00
$386,214.00
$55,599.00
$0.00
$0.00
$386,214.00
$55,599.00
3
1
$132,600.00
$57,267.00
$397,800.00
$57,267.00
$0.00
$0.00
$397,800.00
$57,267.00
3
1
$136,578.00
$58,985.00
$409,734.00
$58,985.00
$0.00
$0.00
$409,734.00
$58,985.00
3
1
$140,675.00
$60,754.00
$422,025.00
$60,754.00
$0.00
$0.00
$422,025.00
$60,754.00
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.
By the Numbers
YEAR
Bus
Type
Estimated
Purchase
Price / Bus
Yr 1 2015
C
A
$107,816.00
$46,563.00
3
1
$323,448.00
$46,563.00
0
0
$0.00
$0.00
Yr 2 2016
C
A
$119,369.00
$47,960.00
3
1
$358,107.00
$47,960.00
0
0
$0.00
$0.00
Yr 3 2017
C
A
$122,949.00
$49,399.00
3
1
$368,847.00
$49,399.00
0
0
$0.00
$0.00
Yr 4 2018
C
A
$126,638.00
$50,881.00
3
1
$379,914.00
$50,881.00
0
0
$0.00
$0.00
YR 5 2019
C
A
$130,437.00
$52,407.00
3
1
$391,311.00
$52,407.00
0
0
$0.00
$0.00
Yr 6 2020
C
A
$134,350.00
$53,979.00
3
1
$403,050.00
$53,979.00
0
0
$0.00
$0.00
Yr 7 2021
C
A
$138,381.00
$55,599.00
3
1
$415,143.00
$55,599.00
0
0
$0.00
$0.00
Yr 8 2020
C
A
$142,532.00
$57,267.00
3
1
$427,596.00
$57,267.00
0
0
$0.00
$0.00
Yr 9 2021
C
A
$146,808.00
$58,985.00
3
1
$440,424.00
$58,985.00
0
0
$0.00
$0.00
YR 10 2022
C
A
$151,212.00
$60,754.00
3
1
$453,636.00
$60,754.00
0
0
$0.00
$0.00
Sidney Central School District –
Estimated District Share, 90%
State Aid
Qty Total Estimated
# of
Total
Total Estimated
Per Year
Trades Estimated
Expenditure
Expenditure
Trade Value
after Trades
$323,448.00
$46,563.00
$370,011.00
$358,107.00
$47,960.00
$406,067.00
$368,847.00
$49,399.00
$418,246.00
$379,914.00
$50,881.00
$430,795.00
$391,311.00
$52,407.00
$443,718.00
$403,050.00
$53,979.00
$457,029.00
$415,143.00
$55,599.00
$470,742.00
$427,596.00
$57,267.00
$484,863.00
$440,424.00
$58,985.00
$499,409.00
$453,636.00
$60,754.00
$514,390.00
State Aid
90.00%
Estimated
District
Share
$291,103.20
$41,906.70
$32,344.80
$4,656.30
$37,001.10
$35,810.70
$4,796.00
$40,606.70
$36,884.70
$4,939.90
$41,824.60
$37,991.40
$5,088.10
$43,079.50
$39,131.10
$5,240.70
$44,371.80
$40,305.00
$5,397.90
$45,702.90
$41,514.30
$5,559.90
$47,074.20
$42,759.60
$5,726.70
$48,486.30
$44,042.40
$5,898.50
$49,940.90
$45,363.60
$6,075.40
$51,439.00
$322,296.30
$43,164.00
$331,962.30
$44,459.10
$341,922.60
$45,792.90
$352,179.90
$47,166.30
$362,745.00
$48,581.10
$373,628.70
$50,039.10
$384,836.40
$51,540.30
$396,381.60
$53,086.50
$408,272.40
$54,678.60
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.
By the Numbers
Sidney Central School District - Estimated lease payment per year before State Aid
YR 1
2015
Payment
2016
Payment
2017
Payment
2018
Payment
2019
Payment
$56,776
$56,776
$56,776
$56,776
$56,776
$58,479
$58,479
$58,479
$58,479
$58,479
$60,233
$60,233
$60,233
$60,233
$60,233
$62,040
$62,040
$62,040
$62,040
$62,040
$63,901
$63,901
$63,901
$63,901
$63,901
$65,818
$65,818
$65,818
$65,818
$65,818
$67,793
$67,793
$67,793
$67,793
$69,827
$69,827
$69,827
$71,922
$71,922
$339,261
$74,079
$349,439
YR 2
YR 3
YR 4
YR 5
YR 6
2020
Payment
YR 7
2021
Payment
YR 8
2022
Payment
Yr 9
YR 10
TOTAL
$56,776
$115,255
$175,488
$237,528
$301,429
$310,471
$319,785
$329,379
2023
Payment
2024
Payment
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.
By the Numbers
Sidney Central School District - Estimated lease payment per year with 90% State Aid
YR 1
2015
Payment
2016
Payment
2017
Payment
2018
Payment
2019
Payment
$5,678
$5,678
$5,678
$5,678
$5,678
$5,848
$5,848
$5,848
$5,848
$5,848
$6,023
$6,023
$6,023
$6,023
$6,023
$6,204
$6,204
$6,204
$6,204
$6,204
$6,390
$6,390
$6,390
$6,390
$6,390
$6,582
$6,582
$6,582
$6,582
$6,582
$6,779
$6,779
$6,779
$6,779
$6,983
$6,983
$6,983
$7,192
$7,192
YR 2
YR 3
YR 4
YR 5
YR 6
2020
Payment
YR 7
2021
Payment
YR 8
2022
Payment
Yr 9
YR 10
TOTAL
$5,678
$11,526
$17,549
$23,753
$30,143
$31,047
$31,978
$32,938
2023
Payment
$33,926
2024
Payment
$7,404
$34,940
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.
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
• May 2015
• Summer 2015
• October 2015
• May 2016
• Summer 2016
• 2016-17
Project Approval
Submittal of Roof work
Roof work
Submittal of Phase II
Bid of Phase II
Start of construction
Construction