lincoln public schools budget tool kit. timeline for 2010-11 budget september last friday -...

Lincoln Public Schools

Budget Tool Kit

Timeline for 2010-11 Budget

• September Last Friday - Enrollment• January-March Staffing Conferences• January-April State Legislative Session• March State Aid Number• April-May Community/District Constituents

Presentations• April Abstract of Property Tax Valuation• May/June Draft of Proposed Budget• June Budget Adoption• August Final Property Tax Valuation

LPS Tool Kit 2010-2011 Page 1

Funding Sources The general fund or “operating fund” of the district is funded through a combination of local, county, state, and federal funds. The largest source of funding comes from local property taxes.


Property Taxes54.4%

Other Local7.7%

County0.7%

State Aid26.2%

Special Ed & Other State Support

9.3%

Federal1.7%

Non Revenue

0.0%

2010-11 BudgetRevenues by Source

What is the estimated cost to a homeowner if the home’s assessed value is $145,550?

Property Taxes

2009-2010

$1,824.71

2010-2011$1,813.85


$10.86 decrease per year*

$152.06 per month

$151.15 per month

Note: Per the county assessor’s office, in 2010 the average assessed value for residential property was $145,550.

State AidLincoln Public Schools

$81.1 million

The state aid part of state revenue to Lincoln Public Schools is 26.2% of the LPS funding for the operating budget.


NEEDS

LOCAL RESOURCES

How does state aid work?One of the state aid formula’s primary goals since 1990 has been to equalize the financial resources of school districts across the state. This has been successful, in that the per-student revenue (and spending) disparities among school districts have narrowed over the past twenty years. Another of the formula’s goals was to shift reliance from local revenue sources (primarily property taxes) to state revenue sources (primarily sales and income taxes). In recent years, however, state aid reductions have resulted in a trend of increased reliance on local revenues as a source for funding schools. LPS Tool Kit 2010-2011 Page 5

State Aid Formula


Needs - Resources = State Aid

Average Daily Membership Adjusted ValuationX X

Basic Funding Local Effort RatePlus Allowances/Adjustments (currently $.05 below max. levy)

Plus Other Actual Receipts

*LPS allowance/adjustments affecting needs.

Other Formula Resources

Net Option FundingAllocated Income TaxesOther Actual ReceiptsMinimum Levy AdjustmentRetirement Aid

Other Considerations/Allowances:

* Poverty Allowance* Limited English Proficiency Allowance* Transportation Allowance* Elementary Class Size Allowance* Summer School Allowance* Special Receipts Allowance* Distance Education Allowance Teacher Education Allowance* Averaging Adjustment* Student Growth Adjustment* New School Adjustment Local Choice Adjustment Instructional Time Allowance

Where does the money go?LPS spends the majority of the operating budget on instruction. This includes money for teachers, counselors, media specialists, nurses, principals, office staff, paraeducators, supplies and equipment. The rest of the budget is for Business Affairs (maintenance, custodial, transportation, etc.), Human Resources, and the Superintendent’s Office/Board of Education areas.


Regular Instruction

65.6%

Special Ed17.2%

Special Ed Transportation

1.4%

Business Affairs13.3%

Human Resources

1.6%

Supt/Board0.9%

Instruction 82.8%

2010-2011 General Fund Expenditure Budget

`

Expenditure Categories

Equipment1.4%

Other0.3%

Transfers & Fixed0.5%Contract Services

5.3%

Supplies3.4%Classified

Salaries & Benefits

18.5%

District Level Admin Salaries &

Benefits1.9%

School Building Admin Salaries &

Benefits4.2%

Certificated Salaries & Benefits

64.5%


2010-2011 General Fund Expenditure Budget: $314,417,590

Funding for SchoolsSeveral Factors:

Number of Students

Number of Students in Special Programs

Educational & Experience Level of Staff

Supply & Equipment Funds based on

FormulaLPS Tool Kit 2010-2011 Page 9

Staffing for SchoolsBased on a “Point” System

Annual Conferences Held to Determine Staffing Needs with:

Associate Superintendent for InstructionAssociate Superintendent for Human

ResourcesPrincipals


Lincoln Public Schools37 Elementary Schools10 Middle Schools 6 High SchoolsAlternative Education Center for High School StudentsExpelled Student CenterStudents with Behavioral Disabilities Center4 Specialty Focus High School Programs


2010-11 Number of Students

34,535 Kindergarten through 12th Grade

466 Early Childhood Special Education Students (birth to age 5)

846 Head Start/Title I (ages 3 and 4)35,847 Total



Summary of All Funds2010-2011 Budget

2010-11 2010-11 2010-11 2010-11Budget Budget Budget Budget

Beginning Revenue Expenditure BudgetedBalance Budget Budget Reserve

Lincoln Public Schools

General Fund 64,953,431$ 309,611,056$ 314,417,590$ 60,146,897$ Federal Fund (5,333,628)$ 40,000,000$ 40,000,000$ (5,333,628)$ Special Grants 843,486$ 5,000,000$ 5,000,000$ 843,486$ *Total Combined General Fund 60,463,289$ 354,611,056$ 359,417,590$ 55,656,755$

Bond Construction Fund 43,021,202$ 75,000$ 43,096,202$ -$ Building Fund 17,863,894$ 361,500$ 18,225,394$ -$ *Total Combined Special Building Fund 60,885,096$ 436,500$ 61,321,596$ -$

QCPUF Projects Budget 30,000$ -$ 30,000$ -$ Phase II 10-Year Facility Plan Projects Budget 26,710,644$ 32,500$ 26,743,144$ -$ Phase III 10-Year Facility Plan Projects Budget 41,500,000$ 162,500$ 41,662,500$ -$ QZAB (Qualified Zone Academy Bonds) Projects Budget 790,804$ -$ 790,804$ -$ Abatement (Hazardous Material Abatement & Handicapped Accessibility) Bond Budget 1,235,116$ 3,548,774$ 4,783,890$ -$ CAM (Life Safety Code, Indoor Air Quality & Mold Abatement/Prevention) Bond Budget 2,594,819$ 13,404,881$ 15,999,700$ -$ Phase II - Series 2009 Bonds 2,910,124$ 20,000,000$ 22,910,124$ -$ Phase II and III - Series 2010 Bonds -$ 62,690,786$ 62,690,786$ -$ QZAB (Qualified Zone Academy Bonds) Bond Budget 403,407$ 410,135$ 813,542$ -$ *Total Combined Qualified Capital Purpose Undertaking Fund 76,174,914$ 100,249,576$ 176,424,490$ -$

School Activity Fund 1,513,180$ 6,487,000$ 6,420,000$ 1,580,180$ Central Interscholastic Athletic 67,000$ 1,513,000$ 1,580,000$ -$ *Total Combined Activities Fund 1,580,180$ 8,000,000$ 8,000,000$ 1,580,180$

Bond,Interest & Debt Retirement 22,256,983$ 326,016,992$ 327,320,832$ 20,953,143$ Depreciation Fund* 9,167,122$ 376,230$ 9,543,352$ -$ Insurance (Contingency) Fund 5,695,724$ 2,589,700$ 8,285,424$ -$ Nutrition Services Fund 3,132,174$ 16,062,310$ 19,194,484$ -$ Retirement (Employee Benefit) 14,898$ -$ 14,898$ -$ Cooperative Fund -$ 3,804,370$ 3,804,370$ -$ Student Fee Fund -$ 1,000,000$ 1,000,000$ -$ Total $239,370,380 $813,146,734 $974,327,036 $78,190,078

Educational Service Unit #18Educational Service Unit #18* 887,802$ 8,942,844$ 9,001,900$ 828,746$

Total 887,802$ 8,942,844$ 9,001,900$ 828,746$

*Funds are combined to coincide with the format required by the Nebraska Auditor of Public Accounts.


Property Tax Rate

Fund2009-10

Actual Rate

2010-11 Actual Rate Change

General Fund $1.034619 $1.042397 $0.007778Building Fund $0.000000 $0.000000 $0.000000Bond Fund $0.176478 $0.161268 ($0.015210)Qualified Capital Purpose Fund $0.042566 $0.042542 ($0.000024)

Total $1.253663 $1.246207 ($0.007456)

Educational Service Unit #18 $0.014957 $0.014991 $0.000034

General Fund Levy Not Utilized $0.021628 $0.007603

How Does LPS Compare?*

• LPS is ranked 236th out of 254 school districts in Nebraska in per pupil spending.

• LPS currently Spends $ 9,068 per pupil compared to the State of Nebraska average of $10,023.

• LPS annually spends less than the state average by $31.4 million.

• The current levy and expenditure limitations do not allow LPS to spend at the State average.


*2008-09 data is the latest available from the Nebraska Department of Education.

Need more information or want to share comments?

Look at our web site and see the Annual Budget Information and

Financial History at http://www.lps.org/about/budget/

Please contact Mark Shepard at 436-1635 or by

e-mail at [email protected] Tool Kit 2010-2011 Page 16

lincoln public schools budget tool kit. timeline for 2010-11 budget september last friday -...

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