On Tuesday, May 17, 2022, Valley Central School District residents approved the 2022-2023 Budget of $116,600,000 with 737 yes votes (63.9%) and 417 no votes (36.1%). The budget to budget increase was 3.92% (inflation at the time of the budget vote was 8.2%) and a tax levy of 1.76% although the allowable tax levy (by tax levy limit calculation) was 4.4%, thus providing a tax savings to every district taxpayer.
The budget also included a transfer to the Capital Fund of $1.5 million dollars to be applied to the 2021 Capital Project, as well as $380,000 to be used for a Capital Outlay Project to address facility needs (stadium scoreboard and entrance vestibule at Central Administration building).
Three Board of Education members were elected each for a three-year term: Sarah Messing, Diana Revoir, and Jane Samuelson
This budget maintains all programs for our students while staying under the tax cap and maximizing state aid. It is a fiscally responsible budget reducing the reliance on fund balance which ensures the future financial stability of the school district.
The 2022-2023 Budget :
- Maintains all Curricular Programs and all extracurricular activities
- Engages every student academically, socially, emotionally
- Increases elective and enrichment opportunities
- Establishes internship opportunities in the community
- Develops multiple pathways after Graduation
- Upgrades/Repairs Facilities
- Optimizes increase in state aid, and tax levy is UNDER the Allowable Tax Levy Limit
- Maintains the sound financial stability of the District
Sources of Revenue
State Aid: $42,571,140 (36%)
Tax Levy: $66,358,363 (57%)
Other: $8,670,140 (7%)
Program Budget: $94,991,074 (82%)
The Program Budget includes: The salaries and benefits of all teachers, guidance counselors, aides, monitors, psychologists, nurses, social workers, and speech therapists. Also included are the costs associated with all the instruction and extra-curricular programs.
Capital Budget: $11,796,366 (11%)
The Capital Budget includes: Debt service on buildings; bus purchases; tax certiorari and court-ordered costs; and operations and maintenance costs including custodial staff.
Administrative Budget: $9,812,560 (8%)
The Administrative Budget includes: The salaries and benefits of all professional members who spend 50 percent or more of their time in administration and supervision. Also included are clerical staff; public information; curriculum development and supervision; research, planning, and evaluation; legal services; and school board-related costs.
The 2022-2023 Budget aligns with the District Strategic Goals.
- It aligns with the aspiration of Valley Central being rated in the top 5 schools in Orange County at the best value for the community.
- Valley Central provides quality education to the community’s children at the same time its per-pupil spending level is the third lowest in Orange County.
Transfer to Capital:
CAPITAL OUTLAY PROJECTS
The proposed budget includes a transfer of $380,000 to the Capital Fund for two Capital Outlay projects. Capital outlay projects are beneficial to
the taxpayers of the District as repair needs are addressed without incurring borrowing costs. The proposed budget includes the following projects:
1. Replace the stadium scoreboard. The scoreboard is past its useful life and not compatible with the multiple sports played on the stadium field.
2. Replace the main entrance storefront and door systems at the central administration building. The storefront is past its useful life with notable
corrosion and deterioration. The storefront system includes the front entrance door, vestibule, and surrounding window glass.
The source of the funds for these projects is fund balance. Passage of the school budget constitutes an approval of a transfer of general fund
monies to the capital fund in the amount of $380,000 for the capital outlay projects together with necessary furnishings, machinery, apparatus,
appurtenances, and incidental improvements and expenses in connection therewith.
TRANSFER TO CAPITAL FUND
The proposed budget includes a transfer of
$1,500,000 to the Capital Fund to reduce borrowing
costs for the voter-approved 2021 Capital Project.
The source of the funds to be transferred is the fund
balance. Passage of the school budget constitutes
an approval of a transfer of general fund monies to
the capital fund in the amount of $1,500,000.
Across the state, 99% of the school budgets for the 2022-2023 school year that stayed within the tax cap were passed by voters according to the NYS School Boards Association. Valley Central was one of those districts.