Presentation is loading. Please wait.

Presentation is loading. Please wait.

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

Similar presentations


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 % CHANGE SALARIES$124,863$129, % BENEFITS$ 25,162$ 30, % CONTRACTUAL$ 8,800$ 6, % M & S$ 1,800$ 1, % TOTALS$160,625$167, % % OF BUDGET0.64 %0.63 %

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

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

6 PROJECTED REVENUE GAP Revenue Source Anticipated Projected 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 Gap: Projected $ 26,560,000 $1,240,500 Budget $ 25,319,500$2,936,500 $1,696,000 Revenue for $ 23,623,500 7

8 Projected Budget/Revenue Gap With appropriated $1.9M Projected $ 26,560,000 $ 1,284,500 Budget $ 25,319,500$ 1,080,500 $ - 204,000 Revenue for $ 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 $1.4M appropriated in without touching reserves. BUDGETED AMOUNT PROJECTED ACTUAL DIFFERENCE REVENUES$ 25,319,503$ 25,621, ,279 EXPENSES$ 25,319,503$ 24,621, ,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 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 Property tax levy$ 13,954,451 PLUS base growth factor (.86%)120,008 PLUS pilot ($2,509,743)2,509,743 MINUS exemptions1,395,065 ADJUSTED PRIOR YEAR LEVY$ 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%


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

Similar presentations


Ads by Google