Lansing Central School DistrictBudget UpdateMarch 25, 2013

Mary June King, Business Administrator

BUDGET TOPICS• ALL INSTRUCTIONAL CATEGORIES:– Administration and Improvement– Teaching Regular School– Programs/Students with Disabilities– Occupational Education– Special Schools – Alternative Education– Instructional Media– Pupil services– Co and Extra curricular

Instructional Budget

2012-13 B 2012-13 A 2013-2014 Change drivers

Admin/Improvement 699,222 755,846 778,067 Salaries

Teach Regular 7,144,513 7,133,518 7,422,414 Salaries

Special Programs 2,423,267 1,954,166 2,157,484 BOCES reduced

Occupational Ed 473,870 473,867 550,106 Student #s

Special Schools 54,927 55,000 60,549 Net cost = 0

Instructional Media 992,283 920,352 946,479 Salaries/BOCES

Pupil Services 1,011,237 1,025,079 1,061,886 Salaries

12,799,319 12,317,828 12,976,985

Business Office Reconfiguration2013-2014

Current Configuration

2013-2014

TST Cost to District

2013-2014

Projected BOCES aid 2014-2015

(revenue stream)

Net Cost to

District

TREASURER 87,000 47,000 26,000 21,000

TAX COLLECTION 12,000 28,000 15,000 13,000

BENEFITS COORDINATION 59,000 21,000 12,000 9,000

ADDITIONAL DISTRICT COSTS 59,000 59,000

SUM 158,000 155,000 53,000 102,000

BUDGET STATE AREA TOTALS

2012-2013 B 2012-2013 A 2013-2014 B EACH YR AS % OF BUDGET

General Support 3,014,679 2,831,204 3,187,951 11.60/12.12

Instruction 12,799,319 12,317,828 12,976,985 49.23/49.34

Pupil Transportation 985,357 953,071 1,002,296 3.79/3.81

Undistributed Expenditures 9,200,645 8,425,872 9,133,211 35.39/34.73

TOTAL: $ 26,000,000 $ 24,527,975 $ 26,300,442

BUDGET, 13/14(another, but familiar, perspective)

2012-2013 B 2012-2013 A 203-2014 EACH YEAR, AS % OF BUDGET

SALARIES 10,996,374 10,694,217 11,324,529 42.29/43.06

NON-SALARIES 2,478,349 2,123,245 2,379,702 9.53/9.05

BOCES 3,324,632 3,284,641 3,463,000 12.79/13.17

BENEFITS 6,904,847 6,117,217 6,822,485 26.56/25.94

DEBT SERVICE 2,295,798 2,308,655 2,310,726 8.83/8.79

TOTALS $ 26,000,000 24,527,975 26,300,442

PROJECTED REVENUEcurrent Tax Cap levy limit ~ $ 15,705,000

2012-2013 Budget

2012-2013 Actual

2013-2014 Budget

EACH YR AS % OF TOTAL REVENUE

STATE AID 6,397,282 6,632,177 6,341,000 24.61/24.11

FEDERAL AID 25,000 224 10,000 FRACTION

MISCELLANEOUS 737,453 740,813 689,948 2.84/2.62

USED FROM FUND BALANCE 2,046,728 220,143 1,600,000 7.87/6.09

USED FROM RESERVES

PILOTS 2,080,798 2,209,645 2,002,646 8.00/7.61

PROPERTY TAXES 14,712,739 14,724,972 15,656,848 56.59/59.53

SUM $ 26,000,000 $ 24,527,924 $ 26,300,442

CONTINGENCY BUDGET • 12.13 Adopted budget: $ 26,000,000

• MINUS capital, Charter school expenses• TIMES CPI (2.1 %)• PLUS budgeted capital, Charter school expenses

• 13.14 Contingency budget $26,520,796

• ADDITIONAL REQUIRED CONTINGENCY CUTS :– Student supplies - Community use of B&G– Certain equipment- Certain salary expenses

CONTINGENCY BUDGET • 13.14 Contingency budget $26,520,796 • ADDITIONAL REQUIRED CONTINGENCY CUTS :

– Student supplies - Community use of B&G– Certain equipment- Certain salary expenses

• CAVEAT: Cannot raise additional property tax levy in contingency:– Contingency budget would require:• $1.1M budget reduction or additional reserve

raid • Tax rate reduced from 19.84 to 19.60 per

thousand

FUND BALANCE PROJECTION

BUDGETED AMOUNT

PROJECTED ACTUAL DIFFERENCE

REVENUES $ 26,000,000 $ 26,354,560 + 354,560

EXPENSES $ 26,000,000 $ 24,527,975 + 1,472,025

TOTAL PROJECTED [ANNUAL] FUND BALANCE $ 1,826,585

LONG-TERM PROJECTIONS(rounded)

• Cayuga Plant (AES) stable at $60M after 2014-2015• Taxable Property growth assumed at 1%

• $ 1,764,030 Shortfall contains 2.6% levy increase

2012-2013 2013-2014 2014-2015 2015-2016 2016-2017

BUDGET 26,000,000 26,300,442 27,560,000 29,079,000 29,021,000

COMBINED LEVY NEEDED 16,935,000 17,635,956 18,728,101 21,434,842 21,970,000

RATE 19.84 20.79 22.24 25,24 25.63

RESERVES USED 220,0000 1,600,000 1,800,000 635,000 N/A

RATE INCREASE 3.89% 4.79% 7.01% 13.43% 1.14%

RESERVES PROJECTED(Not including Capital Reserve)

2012-2013 2013-2014 2014-2015 2015-2016 2016-2017

Reserves 1,459,000 1,459,000 1,459,000 0 0

Assigned FB 2,047,000 1,827,000 227,000 0 0

Unassigned FB 750,000 750,000 750,000 636,000 0

Available $$ 4,256,000 4,036,000 2,436,000 636,000 0

Used in FY 220,000 1,600,000 1,800,000 636,000 0

SUM 4,036,000 2,436,000 636,000 0 0

CLARIFICATION ON PROCESS

• April BOE vote and May public vote are on BUDGET ONLY.

• BOE sets levy in early August• Assessment office calculates tax rate

BUDGET 2013-2014 UPDATE

• Current proposal:– Budget = $ 26,300,442– Budget Increase = 1.16 %– Use District FB = $ 1,600,000– Comb Levy Increase = 4.14 %– Prop Tax Levy Increase = 6.21 %– Tax Rate Increase = 4.79 %

• WE MUST HAVE PARAMETERS FROM BOE TODAY