lansing central school district budget update march 25, 2013 mary june king, business administrator
TRANSCRIPT
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
2012-13 B 2012-13 A 2013-2014 Change drivers
Admin/Improvement 699,222 755,846 778,067 Salaries
Teach Regular 7,144,513 7,133,518 7,422,414 Salaries
Special Programs 2,423,267 1,954,166 2,157,484 BOCES reduced
Occupational Ed 473,870 473,867 550,106 Student #s
Special Schools 54,927 55,000 60,549 Net cost = 0
Instructional Media 992,283 920,352 946,479 Salaries/BOCES
Pupil Services 1,011,237 1,025,079 1,061,886 Salaries
12,799,319 12,317,828 12,976,985
Business Office Reconfiguration2013-2014
Current Configuration
2013-2014
TST Cost to District
2013-2014
Projected BOCES aid 2014-2015
(revenue stream)
Net Cost to
District
TREASURER 87,000 47,000 26,000 21,000
TAX COLLECTION 12,000 28,000 15,000 13,000
BENEFITS COORDINATION 59,000 21,000 12,000 9,000
ADDITIONAL DISTRICT COSTS 59,000 59,000
SUM 158,000 155,000 53,000 102,000
BUDGET STATE AREA TOTALS
2012-2013 B 2012-2013 A 2013-2014 B EACH YR AS % OF BUDGET
General Support 3,014,679 2,831,204 3,187,951 11.60/12.12
Instruction 12,799,319 12,317,828 12,976,985 49.23/49.34
Pupil Transportation 985,357 953,071 1,002,296 3.79/3.81
Undistributed Expenditures 9,200,645 8,425,872 9,133,211 35.39/34.73
TOTAL: $ 26,000,000 $ 24,527,975 $ 26,300,442
BUDGET, 13/14(another, but familiar, perspective)
2012-2013 B 2012-2013 A 203-2014 EACH YEAR, AS % OF BUDGET
SALARIES 10,996,374 10,694,217 11,324,529 42.29/43.06
NON-SALARIES 2,478,349 2,123,245 2,379,702 9.53/9.05
BOCES 3,324,632 3,284,641 3,463,000 12.79/13.17
BENEFITS 6,904,847 6,117,217 6,822,485 26.56/25.94
DEBT SERVICE 2,295,798 2,308,655 2,310,726 8.83/8.79
TOTALS $ 26,000,000 24,527,975 26,300,442
PROJECTED REVENUEcurrent Tax Cap levy limit ~ $ 15,705,000
2012-2013 Budget
2012-2013 Actual
2013-2014 Budget
EACH YR AS % OF TOTAL REVENUE
STATE AID 6,397,282 6,632,177 6,341,000 24.61/24.11
FEDERAL AID 25,000 224 10,000 FRACTION
MISCELLANEOUS 737,453 740,813 689,948 2.84/2.62
USED FROM FUND BALANCE 2,046,728 220,143 1,600,000 7.87/6.09
USED FROM RESERVES
PILOTS 2,080,798 2,209,645 2,002,646 8.00/7.61
PROPERTY TAXES 14,712,739 14,724,972 15,656,848 56.59/59.53
SUM $ 26,000,000 $ 24,527,924 $ 26,300,442
CONTINGENCY BUDGET • 12.13 Adopted budget: $ 26,000,000
• MINUS capital, Charter school expenses• TIMES CPI (2.1 %)• PLUS budgeted capital, Charter school expenses
• 13.14 Contingency budget $26,520,796
• ADDITIONAL REQUIRED CONTINGENCY CUTS :– Student supplies - Community use of B&G– Certain equipment- Certain salary expenses
CONTINGENCY BUDGET • 13.14 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 19.84 to 19.60 per
thousand
FUND BALANCE PROJECTION
BUDGETED AMOUNT
PROJECTED ACTUAL DIFFERENCE
REVENUES $ 26,000,000 $ 26,354,560 + 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 2014-2015• Taxable Property growth assumed at 1%
• $ 1,764,030 Shortfall contains 2.6% levy increase
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
BUDGET 26,000,000 26,300,442 27,560,000 29,079,000 29,021,000
COMBINED LEVY NEEDED 16,935,000 17,635,956 18,728,101 21,434,842 21,970,000
RATE 19.84 20.79 22.24 25,24 25.63
RESERVES USED 220,0000 1,600,000 1,800,000 635,000 N/A
RATE INCREASE 3.89% 4.79% 7.01% 13.43% 1.14%
RESERVES PROJECTED(Not including Capital Reserve)
2012-2013 2013-2014 2014-2015 2015-2016 2016-2017
Reserves 1,459,000 1,459,000 1,459,000 0 0
Assigned FB 2,047,000 1,827,000 227,000 0 0
Unassigned FB 750,000 750,000 750,000 636,000 0
Available $$ 4,256,000 4,036,000 2,436,000 636,000 0
Used in FY 220,000 1,600,000 1,800,000 636,000 0
SUM 4,036,000 2,436,000 636,000 0 0
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