Lansing Central School DistrictBudget Update
February 27, 2012
Dr. Stephen L. Grimm, Superintendent Ms. Mary June King, Business Administrator
BUDGET TOPICS
• (as of 2/27/2012)• Co-Curricular• Extra-Curricular• Budget, Revenue, Gap update
CO-CURRICULAR
2011-2012 2012-2013 % CHANGE
SALARIES $124,863 $129,858 4.00 %
BENEFITS $ 25,162 $ 30,517 21.28 %
CONTRACTUAL $ 8,800 $ 6,000 - 0.32 %
M & S $ 1,800 $ 1,000 - 0.44 %
TOTALS $160,625 $167,375 4.20 %
% OF BUDGET 0.64 % 0.63 %
EXTRA-CURRICULAR2011-2012 2012-2013 % CHANGE
SALARIES $ 157,116 $ 176,766 12.51 %
BENEFITS $ 31,046 $ 38,889 25.26 %
EQUIPMENT $ 11,475 $ 11,475 0 %
CONTRACTUAL $ 88,200 $ 92,000 4.31%
CONFERENCE $ 12,500 $ 12,500 0
M & S $ 14,500 $ 14,500 0.0 %
BOCES $ 5,188 $ 5,200 0.23 %
TOTALS $ 320,025 $351,330 9.78%
% OF BUDGET 1.26 % 1.32%
BUDGET STATE AREA TOTALS
UNDISTRIBUTED EXPENDITURES2011-2012 2012-2013 % CHANGE
Employee Benefits $ 6,535,412 $ 6,946,245 6.29 %Debt Services $ 2,303,398 $ 2,230,323 - 3.17%
Debt Service is offset by matching revenues (state aid)
2011-2012 2012-2013 % CHANGE
General Support $ 3,005,547 $ 3,018,660 0.44%
Instruction $ 12,434,185 $ 13,383,277 7.63%
Pupil Transportation $ 1,040,961 $ 980,943 - 5.77%
Undistributed Expenditures $ 8,838,810 $ 9,176,568 3.82%
TOTAL: $25,319,503 $26,559,448 4.90%
PROJECTED REVENUE GAP
Revenue SourceAnticipated 2011-2012
Projected2012-2013
Difference
State Aid w/o Bldg $ 5,136,890 $ 5,143,305 $ 6,415
Building aid $ 1,217,559 $ 1,253,510 $ 35,951
Federal Aid $ 30,000 $ 25,000 $ - 5,000
Miscellaneous $ 793,432 $ 737,453 $ - 55,979
PILOTS $ 2,509,743 $ 2,044,275 $ - 465,468
Tax Levy $ 13,945,444 $ 14,419,912 $ 474,468
Total $ 23,624,819 $ 23,623,455 $ - 1,364
Projected Budget/Revenue 2012-2013 Gap: 2.13.2012
Projected2012-2013
$ 26,560,000
$1,240,500
Budget 2011-2012
$ 25,319,500 $2,936,500
$1,696,000
Revenue for 2012-2013
$ 23,623,5007
Projected Budget/Revenue 2012-2013 Gap With appropriated $1.9M
Projected2012-2013
$ 26,560,000
$ 1,284,500
Budget 2011-2012
$ 25,319,500 $ 1,080,500
$ - 204,000
Revenue for 2012-2013
$ 25,523,5008
FUND BALANCE PROJECTION• This means we will use (as needed) $1M rather than
$1.94M of appropriated revenue in current year.• That will allow $1M towards next year’s appropriated
revenue needs. • That $1M, coupled with ~ $400,000 excess unassigned in
11.12, allows for $1.4M appropriated in 12.13 without touching reserves.
BUDGETED AMOUNT
PROJECTED ACTUAL DIFFERENCE
REVENUES $ 25,319,503 $ 25,621,782 + 302,279
EXPENSES $ 25,319,503 $ 24,621,249 + 698,254
TOTAL PROJECTED FUND BALANCE IN EXCESS OF ALLOWED 4% $ 1,000,533
REVENUE SHORTFALL SOLUTIONS
• $ 1,764,030 Shortfall contains 2.6% levy increaseFUND/SOURCE $$ TO BE
APPROPRIATED
AMOUNT REMAINING IN
FUND
SHORTFALL BALANCE
$2,936,500
11/12 (excess) Fund Balance $ 1,320,737 $ 0 $ 1,615,763
ERS Reserve $ 200,000 $ 454,012 $1,415,763
Tax Cert Reserve $ 200,000 $ 201,636 $1,215,763
EBALR $ 200,000 $ 234,536 $1,015,763
Unemployment Reserve $ 0 $ 200,243
Unappropriated FB $ 0 $ 1,062,378
CONTINGENCY BUDGET
• 11.12 Adopted budget: $ 25,319,503• MINUS capital expenditures• MINUS Charter school payments• TIMES CPI (3.2%)• PLUS budgeted capital exp• PLUS budgeted Charter school payments• $25,986,348 (2.63% increase over 11.12)
TAX CAP BUDGET
ACTION CALCULATIONS
11.12 Property tax levy $ 13,954,451
PLUS base growth factor (.86%) 120,008
PLUS 11.12 pilot ($2,509,743) 2,509,743
MINUS 11.12 exemptions 1,395,065
ADJUSTED PRIOR YEAR LEVY $ 15,189,137
PLUS Allowable growth factor (2%) 303,783
MINUS PILOTS for coming year 2,044,276
PLUS Capital Tax Levy (def by state ed) 1,374,839
PLUS Addt’l pension above 2% 12,806
MAXIMUM ALLOWABLE PROPERTY TAX LEVY $ 14,836,289
Year-to-year Property tax levy increase 6.32%
