District BOE reacts to state budget cuts and what's to come
The North Syracuse Central School District Board of Education met for its regular meeting at 7 p.m. Monday Feb. 1 at the district administrative offices. NSCSD Superintendent of Schools Dr. Jerome Melvin said this would be first of many meetings that will involve discussion on the 2010-11 budget.
There will be several special meetings held now through April, to specifically attend to budget items, Melvin said. The preliminary projection of the district's fund balance is $5,583,568. This reflects $600,000 from the fund balance to reduce local tax levy. This estimate is unappropriated and "projected" for June 30.
The current status of reserve as of Jan. 22, is as follows: Debt service - $3,419,827; Tax certiorari reserve - $193,394; Liability reserve - $44,126; C-NS athletic complex reserve - $299,953; Workers' compensation reserve - $1,135,351. The total is $5,092,651.
The board will view small pieces of the budget on week-by-week basis, so that revisions can be made and then re-presented with the final budget, said Wayne Bleau, NSCSD assistant superintendent for management.
"I believe our estimated fund balance projections for this fiscal year are in line with previous years," Bleau said. "We will continue to monitor revenues and expenditures very closely."
Governor's proposed budget
Bleau reviewed Gov. Dave Paterson's budget proposal during the Monday night meeting to illustrate changes in school aid, property tax laws and new legislation that could have a major impact on the district.
According to Bleau's assessment, the "Gap Elimination Adjustment," will affect the district the most, since it represents a $5,724,145 reduction or 9 percent.
Bleau reminded the board that the Legislature and governor used approximately $1.4 million of Fiscal Stabilization money, funding that should have been distributed to school districts for 2010-11, last December to offset the 2010 deficit. Thus, the total loss is $7,124,145 in state aid, Bleau said.