Lansing Central School District Budget Update March 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 B A Change drivers Admin/Improvement699,222755,846778,067Salaries Teach Regular7,144,5137,133,5187,422,414Salaries Special Programs2,423,2671,954,1662,157,484BOCES reduced Occupational Ed473,870473,867550,106Student #s Special Schools54,92755,00060,549Net cost = 0 Instructional Media992,283920,352946,479Salaries/BOCES Pupil Services1,011,2371,025,0791,061,886Salaries 12,799,31912,317,82812,976,985

Business Office Reconfiguration Current Configuration TST Cost to District Projected BOCES aid (revenue stream) Net Cost to District TREASURER87,00047,00026,00021,000 TAX COLLECTION12,00028,00015,00013,000 BENEFITS COORDINATION 59,00021,00012,0009,000 ADDITIONAL DISTRICT COSTS 59,000 SUM158,000155,000 53, ,000

BUDGET STATE AREA TOTALS B A B EACH YR AS % OF BUDGET General Support 3,014,6792,831,2043,187, /12.12 Instruction12,799,31912,317,82812,976, /49.34 Pupil Transportation 985,357953,0711,002, /3.81 Undistributed Expenditures 9,200,6458,425,8729,133, /34.73 TOTAL:$ 26,000,000$ 24,527,975$ 26,300,442

BUDGET, 13/14 (another, but familiar, perspective) B A EACH YEAR, AS % OF BUDGET SALARIES10,996,37410,694,21711,324, /43.06 NON-SALARIES2,478,3492,123,2452,379, /9.05 BOCES3,324,6323,284,6413,463, /13.17 BENEFITS6,904,8476,117,2176,822, /25.94 DEBT SERVICE2,295,7982,308,6552,310, /8.79 TOTALS$ 26,000,00024,527,97526,300,442

PROJECTED REVENUE current Tax Cap levy limit ~ $ 15,705, Budget Actual Budget EACH YR AS % OF TOTAL REVENUE STATE AID 6,397,2826,632,1776,341, /24.11 FEDERAL AID 25, ,000FRACTION MISCELLANEOUS 737,453740,813689, /2.62 USED FROM FUND BALANCE 2,046,728220,1431,600, /6.09 USED FROM RESERVES PILOTS 2,080,7982,209,6452,002, /7.61 PROPERTY TAXES 14,712,73914,724,97215,656, /59.53 SUM $ 26,000,000$ 24,527,924$ 26,300,442

CONTINGENCY BUDGET Adopted budget: $ 26,000,000 MINUS capital, Charter school expenses TIMES CPI (2.1 %) PLUS budgeted capital, Charter school expenses Contingency budget $26,520,796 ADDITIONAL REQUIRED CONTINGENCY CUTS : – Student supplies- Community use of B&G – Certain equipment- Certain salary expenses

CONTINGENCY BUDGET 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 to per thousand

FUND BALANCE PROJECTION BUDGETED AMOUNT PROJECTED ACTUAL DIFFERENCE REVENUES$ 26,000,000$ 26,354, ,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 Taxable Property growth assumed at 1% $ 1,764,030 Shortfall contains 2.6% levy increase BUDGET26,000,00026,300,44227,560,00029,079,00029,021,000 COMBINED LEVY NEEDED 16,935,00017,635,95618,728,10121,434,84221,970,000 RATE , RESERVES USED 220,00001,600,0001,800,000635,000N/A RATE INCREASE 3.89%4.79%7.01%13.43%1.14%

RESERVES PROJECTED (Not including Capital Reserve) Reserves 1,459, Assigned FB 2,047,0001,827,000227,00000 Unassigned FB 750, ,0000 Available $$ 4,256,0004,036,0002,436,000636,0000 Used in FY 220,0001,600,0001,800,000636,0000 SUM 4,036,0002,436,000636,00000

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 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