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Lansing Central School District Budget Update February 27, 2012 Dr. Stephen L. Grimm, Superintendent Ms. Mary June King, Business Administrator.

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Presentation on theme: "Lansing Central School District Budget Update February 27, 2012 Dr. Stephen L. Grimm, Superintendent Ms. Mary June King, Business Administrator."— Presentation transcript:

1 Lansing Central School District Budget Update February 27, 2012 Dr. Stephen L. Grimm, Superintendent Ms. Mary June King, Business Administrator

2 BUDGET TOPICS (as of 2/27/2012) Co-Curricular Extra-Curricular Budget, Revenue, Gap update

3 CO-CURRICULAR 2011-20122012-2013% CHANGE SALARIES$124,863$129,8584.00 % BENEFITS$ 25,162$ 30,51721.28 % CONTRACTUAL$ 8,800$ 6,000- 0.32 % M & S$ 1,800$ 1,000- 0.44 % TOTALS$160,625$167,3754.20 % % OF BUDGET0.64 %0.63 %

4 EXTRA-CURRICULAR 2011-20122012-2013% CHANGE SALARIES$ 157,116$ 176,76612.51 % BENEFITS$ 31,046$ 38,88925.26 % EQUIPMENT$ 11,475 0 %0 % CONTRACTUAL$ 88,200$ 92,0004.31% CONFERENCE$ 12,500 0 M & S$ 14,500 0.0 % BOCES$ 5,188$ 5,2000.23 % TOTALS$ 320,025$351,3309.78% % OF BUDGET1.26 %1.32%

5 BUDGET STATE AREA TOTALS UNDISTRIBUTED EXPENDITURES 2011-20122012-2013 % CHANGE Employee Benefits $ 6,535,412$ 6,946,245 6.29 % Debt Services$ 2,303,398$ 2,230,323 - 3.17% Debt Service is offset by matching revenues (state aid) 2011-20122012-2013% CHANGE General Support$ 3,005,547$ 3,018,6600.44% Instruction$ 12,434,185$ 13,383,2777.63% Pupil Transportation $ 1,040,961$ 980,943- 5.77% Undistributed Expenditures $ 8,838,810$ 9,176,5683.82% TOTAL:$25,319,503$26,559,4484.90%

6 PROJECTED REVENUE GAP Revenue Source Anticipated 2011-2012 Projected 2012-2013 Difference State Aid w/o Bldg$ 5,136,890$ 5,143,305 $ 6,415 Building aid$ 1,217,559$ 1,253,510 $ 35,951 Federal Aid$ 30,000$ 25,000 $ - 5,000 Miscellaneous$ 793,432 $ 737,453 $ - 55,979 PILOTS$ 2,509,743$ 2,044,275 $ - 465,468 Tax Levy$ 13,945,444$ 14,419,912 $ 474,468 Total$ 23,624,819$ 23,623,455$ - 1,364

7 Projected Budget/Revenue 2012-2013 Gap: 2.13.2012 Projected 2012-2013 $ 26,560,000 $1,240,500 Budget 2011-2012 $ 25,319,500$2,936,500 $1,696,000 Revenue for 2012-2013 $ 23,623,500 7

8 Projected Budget/Revenue 2012-2013 Gap With appropriated $1.9M Projected 2012-2013 $ 26,560,000 $ 1,284,500 Budget 2011-2012 $ 25,319,500$ 1,080,500 $ - 204,000 Revenue for 2012-2013 $ 25,523,500 8

9 FUND BALANCE PROJECTION This means we will use (as needed) $1M rather than $1.94M of appropriated revenue in current year. That will allow $1M towards next year’s appropriated revenue needs. That $1M, coupled with ~ $400,000 excess unassigned in 11.12, allows for $1.4M appropriated in 12.13 without touching reserves. BUDGETED AMOUNT PROJECTED ACTUAL DIFFERENCE REVENUES$ 25,319,503$ 25,621,782+ 302,279 EXPENSES$ 25,319,503$ 24,621,249+ 698,254 TOTAL PROJECTED FUND BALANCE IN EXCESS OF ALLOWED 4%$ 1,000,533

10 REVENUE SHORTFALL SOLUTIONS $ 1,764,030 Shortfall contains 2.6% levy increase FUND/SOURCE $$ TO BE APPROPRIATED AMOUNT REMAINING IN FUND SHORTFALL BALANCE $2,936,500 11/12 (excess) Fund Balance $ 1,320,737$ 0$ 1,615,763 ERS Reserve$ 200,000$ 454,012$1,415,763 Tax Cert Reserve$ 200,000$ 201,636$1,215,763 EBALR$ 200,000$ 234,536$1,015,763 Unemployment Reserve $ 0$ 200,243 Unappropriated FB$ 0$ 1,062,378

11 CONTINGENCY BUDGET 11.12 Adopted budget: $ 25,319,503 MINUS capital expenditures MINUS Charter school payments TIMES CPI (3.2%) PLUS budgeted capital exp PLUS budgeted Charter school payments $25,986,348 (2.63% increase over 11.12)

12 TAX CAP BUDGET ACTIONCALCULATIONS 11.12 Property tax levy$ 13,954,451 PLUS base growth factor (.86%)120,008 PLUS 11.12 pilot ($2,509,743)2,509,743 MINUS 11.12 exemptions1,395,065 ADJUSTED PRIOR YEAR LEVY$ 15,189,137 PLUS Allowable growth factor (2%)303,783 MINUS PILOTS for coming year2,044,276 PLUS Capital Tax Levy (def by state ed)1,374,839 PLUS Addt’l pension above 2%12,806 MAXIMUM ALLOWABLE PROPERTY TAX LEVY$ 14,836,289 Year-to-year Property tax levy increase6.32%


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