1. Lansing Central School District Budget Update December 12, 2011 Dr. Stephen L. Grimm, Superintendent Ms. Mary June King, Business Administrator

2. OCTOBER 2011: Gap Analysis Increasing reductions in state aid FYE10-FYE13 – $750,000; $1,350,000; $1,550,000; $???? Decreasing additions in federal aid FYE10-13 – $750,000; $455,857; $381,000; $0 Decreasing value largest tax payer FYE 10-13 – $160,000; $130,000; $112,500; $82,500???? Increasing ‘uncontrollable’ costs (ERS/TRS) – 9.7/8.7%; 12.2/7.6%; 17/11%; 19/12.5% – 7.6/(17)%; 24.5/24%; 25.5%/43%; 38.2/18.2%

3. Property Tax Cap Yes Virginia, there is a 2% in the formula!

4. ABCDE 11.12 Tax LevyGrowth Factor11.12 PILOTS2%12.13 PILOTS $ 13,955,2941.01$ 2,377,7191.02$1,766,750 [(A * B) + C] * D – E = TAX LEVY LIMIT TAX LEVY LIMIT + EXCLUSIONS = TAX LEVY LIMIT, ADJ. LCSD = $14,753,370 (5.72%) 4

5. NOVEMBER 2011: Fund Balance Analysis Review of expenses/revenues for FYE09-11 – Areas of underspent budget dissimilar year-year – Areas of revenue surpluses dissimilar year-year Annual fund balance average $1.9M (3 years) Reserves FYE 2009-12 – $750,000; $873,000; $2,500,000; $2,170,000

6. Projected Budget/Revenue 2012-2013 Gap: 12.12.2011 Projected 2012-2013 $ 26,575,500 $ 1,300,000 Budget 2011-2012 $ 25,275,500$ 3,710,500 $ 2,410,500 Revenue for 2012-2013 $ 22,865,000 6

7. Projected Budget/Revenue 2012-2013 Gap With appropriated $1.9M Projected 2012-2013 $ 26,575,500 $ 1,300,000 Budget 2011-2012 $ 25,275,500$ 1,810,500 $ 510,500 Revenue for 2012-2013 $ 24,765,000 7

8. Current Budget Process PROJECTED EXPENSES Analysis of all budget codes: – Compare actual expenditures in each code for 09/10 and 10/11 against – Projected expenditures in each code for 11/12 – Project budget need for each code for 12/13. Administrative analysis of class sizes Administrative analysis of program utilization/need

9. Current Budget Process EXPECTED REVENUES Monitor state aid projections Monitor AES Cayuga negotiations Adjust projected revenues based on historical in all other categories (tuition, interest, BOCES refund, Medicare reimbursement…).