Lyme Central School District

Budget Hearing May 7, 2015

Board of EducationDedicated Service to our Students, District and

Community

2015-16Budget Development Goals

1. Maintain (as many of) the academic and extracurricular opportunities (for students) as financially possible.

2. Identify (creative) solutions to our financial dilemma while causing the least amount of impact for our taxpayers.

District ProfileGradeRange

Student Enrollment

Total Teachers

TotalOther

ProfessionalStaff

Total Para-

Professional

Staff

PK-12 365 35 6

3

Attendance Rate (Lyme): 95%Graduation Rate: (Lyme): 96%

Per Pupil Expenditure

Average Total Expenditures Per Pupil:

Lyme CSD Similar Districts StaTe

$20, 213 $20,204 $21,118

Financial Challenges to Overcome

Over the past 6 years, LCS has experienced State Aid Reductions totaling OVER 1.6 million dollars!

Insufficient Funding has resulted in our EXPENSES being greater than our REVENUE creating a significant Budget Deficit

RESERVE FUNDS (Savings) have been utilized (annually) and are NOW dangerously low

More and more UNFUNDED MANDATES negatively impact our operating costs

Funding Restoration

Gap Elimination Adjustment

($$ returned to district): $65,509• We are still owed $1,337

State Aid Increase (foundation aid)

$8,400

Cultivating and Sustaining our Future…

Some of the Cost-Saving MeasuresImplemented in (2014-15)

Superintendent Share Transportation (Busing, Director, Mechanic) Share Shared Fuel Facility with Town of Lyme Automatic Shut-down of all District Computers Implementation of 4-day Summer Work Week Teacher Retirement/Covered Internally Custodial Position/Covered Internally Conservative Budgeting Acquiring and Utilizing Grant Funds Energy Savings Through School Cooperative Group

Three-Part Budget Summary

Expenditures 2014-15 Budget 2015-16 Budget

Program Budget $5,593,649 $5,729,567

Admin. Budget $786,192 $784,122

Capital Budget $1,486,411 $1,473,584

Total Budget: $7,866,252 $7,987,273 1.54% increase from 2014

2015-2016 Budget numbers…

2015-16 Revenues:Total State Aid:

$3,615,574Other Revenue sources:

$350,000Fund Balance:

$62,817Reductions: (cut from budget)

$210,430Local Tax Levy:

$3,958,882

2015-2016 Spending PlanTotal Budget: $7,987,273

Spending Increase: 1.54% or $121,021

Tax Levy Increase: 2.54% or $98,176(est.)

Tax on true or tax/$1000: $9.80

Proposed Budget Proposition: Bus: $103,810 One BOE Seat Annual Lyme Free Library: $43,870

Effects of a Contingency Budget:(If our Budget Doesn’t Pass…)

Tax Levy (revenue) would be frozen at 2014-15 level forcing additional cuts totaling $98,176

No Equipment Purchases

No Free Facility Use by Non-school Organizations

Non-contractual staff salaries are frozen

Significant Reductions (programs and staffing) as necessary to reduce expenses

At Lyme Central School Learning Creates Success!

Your continued support ensures student success today, tomorrow

and for generations to come!