Lansing Central School District Budget Update November 13, 2012 Ms. Mary June King, Business Administrator Troy Bilodeau, Administrative Intern 1

Projected Revenue Gap (no budget increase) Revenue Source Budgeted Projected Difference State Aid7,024,3846,824,384(200,000) Federal Aid10,000 0 Miscellaneous1,954,948689,948(1,265,000) PILOTS **1,985,8281,696,580(289,248) Tax Levy **15,561,136 Total26,536,29624,782,048(1,754,248) **To maintain the COMBINED tax levy at a constant amount, the tax rate would have to increase to $21.04, a 1.7% increase 2

REVENUES AS % OF TOTAL 3

PROPERTY VALUES Taxable723,600, ,840,000742,000,000764,000,000 PILOTS172,000,000142,000,000124,500,000104,250,00099,000,000 % Change Value- 3.35%-1.19%-1.06%+1.98% TOTAL EXPENDITURES BUDGET23,944,31524,377,90625,275,50326,000,00026,536,296 % Change1.81%3.68%2.87%2.06% EXPENSES22,800,00023,500,00024,200,00024,300,000N/A % Change3.07%2.98%0.41% 4

CRITICAL ISSUES REVENUE LOSSES: – Cayuga Power Plant continuing decline in value – State Aid reduced (consistent) FACILITIES NEEDS: Our Building Aid is 66.5% (out of pocket cost = 33.5%) – Septic replacement – Multiple project requests/needs APPROPRIATE BUDGET INCREASES – Salaries and associated benefits – Increasing use of technology 5

BUDGET COMMITTEE CONSIDERATIONS SHORT-TERM: – Projecting expenses – Projecting Revenues LONG-TERM: – PILOT values (esp power plant) – Projecting significant expenses (ie: ERS/TRS) – Capital Project needs – GASB 45 6