Proposed Final Budget Presentation May 9, 2016

Increase in State Money PA State Money AFR 2014/2015 HB1589 2015/2016 Increase in State Money Basic Education $6,083,870 $6,181,868 $97,998 Special Education 1,267,156 1,295,584 28,428 Ready To Learn 249,573 312,057 62,484 Total $7,600,599 $7,787,991 $188,910

Proposed Final Budget - Revenue Concerns Operational Improvements/Changes State Revenue increases not keeping up with State Mandated expenditures State cash flow FY17 Budget Impasse? PlanCon $$ Eliminate Occupational Assessment Tax

Spending by Program (Function)

Spending by Type (Object)

Proposed Final Budget - Expense Concerns Operational Improvements/Changes PSERS Charter School Staff Reduction – 5 Teachers Lincoln Edge (LIU Cyber School) Studying Alt Ed/NI/Other Health Insurance Change Building Consolidation (FY18)

Where we are and how we got here? Description Amount Projected Amount Pulled From Fund Balance $1,384,325 Less: 5 FTE Teachers – (Retirement positions not filled) 400,000 Less: Tax Increase 5.12% Index 686,055 Add: Technology 50,000 Efficiency Savings 97,899 New Amount Pulled From Fund Balance $250,371

2016 – 2017 General Fund Budget Summary Total Expenditures $30,618,775 Total Revenue (5.12% tax increase) $30,368,404 Use of Fund Balance (Unassigned) $250,371 Budget Shortfall $0

Revenue 3.1% 415,638 Revenue 2.02% 270,687 Revenue 5.12% 686,325

LASD Budget Timeline Date Time What Where May 16th 7:00 p.m. Board Adopts Proposed Final Budget DAO June 1st - Post Proposed Final for Public Inspection Website June 12th Advertise Final Budget Adoption Times/Sun June 13th 6:00 p.m. Budget Update to Board (Work Session) June 27nd Board Adopts Final 2017 Budget