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%