1. LOCKPORT CITY SCHOOL DISTRICT
Preliminary Budget Overview
Deborah A. Coder
Assistant Superintendent for Finance and Management Services
January 28, 2015

2. Preliminary Expenditure Budget Base
As of January 21, 2015 – The “Roll-Over” Budget was:
$90,988,334, which was an increase of $4,659,678 or a 5.40% budget to budget increase
This “roll-over” budget figure also included estimates for vendor increases, anticipated contractual obligations, benefit increases and building/department level budget requests

3. Components of the 2015-16 Budget as of January 21, 2015
PROJECTIONS
UNKNOWNS
Revenue Side:
State Aid increase is currently at $0
Reserves to be used (Debt Service, Employee Retirement (ERS), Employee Benefit & Insurance Reserve) increased $1,012,878 over use
Expenditure Projections:
Triborough Amendment & Employee Benefits increased $2,405,901 over
Contractual Expenses increased $470,342 over
Debt Service (Principal & Interest) increased $318,033 over
BOCES Services increased $942,021 over
SWD Agency Tuitions increased $277,700 over
State Aid
Retirements
Students with Disabilities transfers into the district
Building/Facilities emergencies
Additional transportation expenses for change in student IEPs
Impact of additional federal sequestration
Any other unknowns

4. Major Factors Causing the Increase are:
Wages and Related Benefits that are mandated under the Triborough Amendment
BOCES Services
Contractual Obligations for Service Agreements
Agency Tuitions
Debt Service

5. Why Salary & Benefit Increases?
Salary increases are in alignment with negotiated agreements among the collective bargaining units in the district.
Additionally, salary codes represent substitute personnel as well as supplemental salary items such as longevity, attendance bonus and health insurance opt-out.
Pension expenses have decreased slightly, while other employee benefits such as health insurance are still being analyzed.
Total Amount Budgeted in Salary Codes: $39,170,669

6. Why BOCES Services Increases?
The increased need for special education services as well as anticipated rate increases for all BOCES services account for the $942,021 increase.

7. Why Contractual Cost Increases?
Transportation increases are $172,862. Most of this is attributable to price increases, which will be based on the lower of 3.25% or CPI.
Tuition increases for agency schools and charter schools, not limited to CSE recommendations, are $289,700.

8. Re-Cap of Major Expenses
Employee Benefits $1,479,850
Salaries $ 926,051
BOCES $ 942,021
Contractual $ 470,342
Increase Total $ 3,818,264
Expenditure Budget Increase $4,659,678 or 5.40%
The budget increase is MORE THAN the increase for the four major components above by $841,414. Why?
Debt Service Increase $ 318,033 (will be offset by building aid revenue)
Tuition (to agencies) $ 289,700
Transfers to Federal & Lunch $ 180,146
Supplies, Equip., Books, Etc. $ 53,535

9. Revenue Budget Overview
State Aid ( ) $42,397,396
Other Revenue $ 3,527,516
Reserves $ 3,491,313
App. Fund Balance $ 2,000,000
Total Revenues $51,416,225

10. 2015-2016 Tax Levy Impact Preliminary Expenditure Budget $90,988,334
Preliminary Revenue Budget $51,416,225
Preliminary Tax Levy Needed $39,572,109
Current Tax Levy $36,044,694
Preliminary Tax Levy Increase $ 3,527,415

11. 2015-2016 Tax Levy Limit Calculation
Simple Majority Limit is % or $36,775,286
Current Tax Levy Amount is $36,044,694
This budget is OVER the Tax Levy Limit by $2,796,823

12. Budget Discussion Opportunity