Herkimer BOCES Board November 12, 2009
Budget Assumptions Snapshot
Factors Influencing the Budget Budget Assumptions
Post-Retirement funds used
from Liability Account in 2010
Interest rates on Revenue
Completion of ongoing
Space needs for expanded
Central Business Office
Space needs for possible
replacement of Main St. offices
Space needs for Professional
The cost of the change in Administrative staffing will be stabilized.
Reduction in interest due to reduced need of working capital for the
capital project due to DASNY Bond Issue.
Post-Retirement Health insurance will not be partially funded from
the liability account in 2011 as it was in 2010.
Budget increases will be inflationary only, with no new spending.
Component district rentals will increase during the summer due to
the capital project.
Rental costs will increase as the adjustment program continues to
Beginning stages of a major capital renovation project will increase
the capital budget as non-program space is moved from the WEB
to accommodate increased demand for program space.
1. Herkimer BOCES will develop an Administrative Budget in collaboration with our component schools
through the Advisory Committee structure. Budget parameters will mirror those of our components.
2. Herkimer BOCES will present a Capital Budget which is aimed at providing appropriate facilities for shared
program needs. The focus will be protection of the taxpayers’ investment in BOCES facilities in the same
manner that our components have maintained and improved their local facilities.
3. The goal for Herkimer BOCES Program Budgets is to provide opportunities for all component students to
achieve NYS standards, with a focus on increasing completion rates within the supervisory district.