Valhalla Union Free School District 2003-2004 CONTINGENT BUDGET CAP WORKSHEET
Correct Calculation $26,948,679
Valhalla Method $26,948,679
2003-04 Adopted Budget
Less: (base year exclusions) - Budgeted expenditures of gifts, grants in aid or insurance proceeds - Budgeted expenditures resulting from a tax certiorari proceeding 15,000 - Budgeted expenditures resulting from a court order or judgment against the district - Budgeted expenditures certified by the Commissioner as necessary as a result of damage to, or destruction of, a school building or school equipment - Budgeted capital expenditures resulting from construction, acquisition, reconstruction, rehabilitation or improvement of school facilities, including debt service and lease expenditures, subject to the approval of the qualified voters where required by law 1,960,736 - Non-recurring expense(s) Adjusted base year adopted budget 2004-05 Contingency Budget 2003-04 adjusted base year x CPI (1.92%) * Add: (subsequent year exclusions) - Budgeted expenditures of gifts, grants in aid or insurance proceeds - Budgeted expenditures resulting from a tax certiorari proceeding - Budgeted expenditures resulting from a court order or judgment against the district - Budgeted expenditures certified by the Commissioner as necessary as a result of damage to, or destruction of, a school building or school equipment - Budgeted capital expenditures resulting from construction, acquisition, reconstruction, rehabilitation or improvement of school facilities, including debt service and lease expenditures, subject to the approval of the qualified voters where required by law - Budget expenditures attributable to projected increases in public school enrollment - Expenditures attributable to FAPE Proposed budget VS Contingent budget Required cuts Non-contingency items,e.g. Student supplies Community use of buildings and grounds Certain equipment Certain salary increases $29,292,556 ($1,274,971) $24,972,943
15,000 -
1,960,736 $26,933,679 Over Stated by $1,960,736
By moving this amount to a cell that did not carry down to the adjusted base year adopted budget, it was not subtracted and resulted in an additional over statement of $37,676 (1.92% of $1,960,736) This is overstated by $1,960,736
$ 25,452,424
$
27,450,806
This is overstated by $1,998,382
$
40,000 75,000 1,934,732
$
40,000 75,000 -
1,934,732 515,429 515,429 24 Students @ $21,476 941,940 Illegal Item $ $1,005,590
Corrected required cuts. This is the difference which voters should have been voting on
By moving this amount to a cell that did not carry down to the calculated contingent budget, resulted in an additional over statement of $26,004 (the difference between$1,960,736 and $1,934,732) The Fudge Factor
$ 28,017,585
29,023,175
Deliberate overstatement of contingent budget Wolfson knew enough to insert the FAPE line to the worksheet and alter the formula to add it.
Deliberate overstatement
*2003-04 Consumer Price Index (for purposes of preparing the school budget notice and calculating contingent budget cap for 2003-04 budgets) Chapter 436 of the Laws of 1997 establishes a limit of a contingent budget over the district budget for the prior year. After certain expenditure categories are excluded, the overall increase cannot exceed the lesser of four percent or 120% multiplied by the average of the national consumer price indexes determined by the U.S. Department of Labor for the 12 month period preceding January first of the current year. That average for calendar year 2002 is 1.6%. The average is multiplied by 120% to calculate the 1.92 % contingent budget cap for 2003-05.
Based on official projected enrollment increase of 24 students, this calculated to $21,476 per new student, 9% higher than the per student cost in the defeated budget, why? Expense such as administration, utilities, fuel would net increase. This is also padded.