1. Lansing Central School District Budget Update March 25, 2013 Mary June King, Business Administrator

2. 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

3. Instructional Budget 2012-13 B2012-13 A2013-2014Change drivers Admin/Improvement699,222755,846778,067Salaries Teach Regular7,144,5137,133,5187,422,414Salaries Special Programs2,423,2671,954,1662,157,484BOCES reduced Occupational Ed473,870473,867550,106Student #s Special Schools54,92755,00060,549Net cost = 0 Instructional Media992,283920,352946,479Salaries/BOCES Pupil Services1,011,2371,025,0791,061,886Salaries 12,799,31912,317,82812,976,985

4. Business Office Reconfiguration 2013-2014 Current Configuration 2013-2014 TST Cost to District 2013-2014 Projected BOCES aid 2014-2015 (revenue stream) Net Cost to District TREASURER87,00047,00026,00021,000 TAX COLLECTION12,00028,00015,00013,000 BENEFITS COORDINATION 59,00021,00012,0009,000 ADDITIONAL DISTRICT COSTS 59,000 SUM158,000155,000 53,000 102,000

5. BUDGET STATE AREA TOTALS 2012-2013 B2012-2013 A2013-2014 B EACH YR AS % OF BUDGET General Support 3,014,6792,831,2043,187,95111.60/12.12 Instruction12,799,31912,317,82812,976,98549.23/49.34 Pupil Transportation 985,357953,0711,002,2963.79/3.81 Undistributed Expenditures 9,200,6458,425,8729,133,21135.39/34.73 TOTAL:$ 26,000,000$ 24,527,975$ 26,300,442

6. BUDGET, 13/14 (another, but familiar, perspective) 2012-2013 B2012-2013 A203-2014 EACH YEAR, AS % OF BUDGET SALARIES10,996,37410,694,21711,324,52942.29/43.06 NON-SALARIES2,478,3492,123,2452,379,7029.53/9.05 BOCES3,324,6323,284,6413,463,00012.79/13.17 BENEFITS6,904,8476,117,2176,822,48526.56/25.94 DEBT SERVICE2,295,7982,308,6552,310,7268.83/8.79 TOTALS$ 26,000,00024,527,97526,300,442

7. PROJECTED REVENUE current Tax Cap levy limit ~ $ 15,705,000 2012-2013 Budget 2012-2013 Actual 2013-2014 Budget EACH YR AS % OF TOTAL REVENUE STATE AID 6,397,2826,632,1776,341,00024.61/24.11 FEDERAL AID 25,00022410,000FRACTION MISCELLANEOUS 737,453740,813689,9482.84/2.62 USED FROM FUND BALANCE 2,046,728220,1431,600,0007.87/6.09 USED FROM RESERVES PILOTS 2,080,7982,209,6452,002,6468.00/7.61 PROPERTY TAXES 14,712,73914,724,97215,656,84856.59/59.53 SUM $ 26,000,000$ 24,527,924$ 26,300,442

8. 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

9. 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

10. 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

11. 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 2012-20132013-20142014-20152015-20162016-2017 BUDGET26,000,00026,300,44227,560,00029,079,00029,021,000 COMBINED LEVY NEEDED 16,935,00017,635,95618,728,10121,434,84221,970,000 RATE19.8420.7922.2425,2425.63 RESERVES USED 220,00001,600,0001,800,000635,000N/A RATE INCREASE 3.89%4.79%7.01%13.43%1.14%

12. RESERVES PROJECTED (Not including Capital Reserve) 2012-20132013-20142014-20152015-20162016-2017 Reserves 1,459,000 00 Assigned FB 2,047,0001,827,000227,00000 Unassigned FB 750,000 636,0000 Available $$ 4,256,0004,036,0002,436,000636,0000 Used in FY 220,0001,600,0001,800,000636,0000 SUM 4,036,0002,436,000636,00000

13. 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

14. BUDGET 2013-2014 UPDATE Current proposal: – Budget = $ 26,300,442 – Budget Increase = 1.16 % – Use District FB = $ 1,600,000 – Comb Levy Increase = 4.14 % – Prop Tax Levy Increase = 6.21 % – Tax Rate Increase = 4.79 % WE MUST HAVE PARAMETERS FROM BOE TODAY