1. Lyme Central School District Budget Hearing May 7, 2015

2. Board of Education Dedicated Service to our Students, District and Community

3. 2015-16 Budget 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.

4. District Profile Grade Range Student Enrollment Total Teachers Total Other Professional Staff Total Para- Professional Staff PK-1236535 6 3 Attendance Rate (Lyme): 95% Graduation Rate: (Lyme): 96%

5. Per Pupil Expenditure Average Total Expenditures Per Pupil: Lyme CSD Similar Districts StaTe $20, 213 $20,204 $21,118

6. 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

7. Funding Restoration Gap Elimination Adjustment ($$ returned to district): $65,509 We are still owed $1,337 State Aid Increase (foundation aid) $8,400

8. Cultivating and Sustaining our Future… Some of the Cost-Saving Measures Implemented 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

9. 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

10. 2015-2016 Budget numbers… 2015-16 Revenues:  Total State Aid: $3,615,574  Other Revenue sources: $350,000  Fund Balance: $62,817  Reductions: (cut from budget) $210,430  Local Tax Levy: $3,958,882

11. 2015-2016 Spending Plan Total 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

12. 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

13. At Lyme Central School Learning Creates Success! Your continued support ensures student success today, tomorrow and for generations to come!