1. Proposed Final Budget Presentation
May 9, 2016

2. Increase in State Money
PA State Money
AFR
2014/2015
HB1589
2015/2016
Increase in State Money
Basic Education
$6,083,870
$6,181,868
$97,998
Special Education
1,267,156
1,295,584
28,428
Ready To Learn
249,573
312,057
62,484
Total
$7,600,599
$7,787,991
$188,910

4. Proposed Final Budget - Revenue
Concerns
Operational Improvements/Changes
State Revenue increases not keeping up with State Mandated expenditures
State cash flow
FY17 Budget Impasse?
PlanCon $$
Eliminate Occupational Assessment Tax

5. Spending by Program (Function)

6. Spending by Type (Object)

7. Proposed Final Budget - Expense
Concerns
Operational Improvements/Changes
PSERS
Charter School
Staff Reduction – 5 Teachers
Lincoln Edge (LIU Cyber School)
Studying Alt Ed/NI/Other
Health Insurance Change
Building Consolidation (FY18)

8. Where we are and how we got here?
Description
Amount
Projected Amount Pulled From Fund Balance
$1,384,325
Less: 5 FTE Teachers – (Retirement positions not filled)
400,000
Less: Tax Increase 5.12% Index
686,055
Add: Technology
50,000
Efficiency Savings
97,899
New Amount Pulled From Fund Balance
$250,371

9. 2016 – 2017 General Fund Budget Summary Total Expenditures $30,618,775
Total Revenue (5.12% tax increase)
$30,368,404
Use of Fund Balance (Unassigned)
$250,371
Budget Shortfall $0

11. Revenue 3.1% 415,638
Revenue 2.02% 270,687
Revenue 5.12% 686,325

12. LASD Budget Timeline Date Time What Where May 16th 7:00 p.m.
Board Adopts Proposed Final Budget
DAO
June 1st -
Post Proposed Final for Public Inspection
Website
June 12th
Advertise Final Budget Adoption
Times/Sun
June 13th
6:00 p.m.
Budget Update to Board (Work Session)
June 27nd
Board Adopts Final 2017 Budget