1. Lamoille North Modified Unified Union School District
FY2019 BUDGET
PUBLIC INFORMATIONAL MEETING
February 26, 2018
Presented by Deb Clark, Business Manager LNSU

2. The FY19 Budgets for LNMUUSD:
Combined Elementary budget of $12,901,392; combined Ed Spending of $10,941,090; per equalized pupil spending of $16,082
Combined Secondary budget of $13,595,253; combined Ed Spending of $12,618,256; per equalized pupil spending of $15,877
Technical Center budget of $3,413,955
Providing Educational Services, Health & Wellness Services, Transportation Services, and more for:
6 Campuses, including GMTCC
1,611 Student (10/1/17 count)
Grades Pre-K through 12
Ages plus

3. Elementary Level Afterschool Programming Participation:
Eden – 80%
Johnson – 61%
Hyde Park – 44%
Waterville/Belvidere – 92%
Extra Programming Opportunities:
Outdoor Education: Hyde Park – ECO Day, once a week outdoor classroom
Lego Robotics: Afterschool program where kids explore AI, Robotics and Design through hands-on building
Medtrek: Partnership with college students to explore health careers
Computer Shop: Learn to build a desktop, install operating system, coding skills and problem solving
Literary Magazine: Students create non-fictional short stories and poems

4. Extra Programming Opportunities (cont.):
Gardening: Education in Farm-to-Table system and benefits
Music/Art & Performing Arts: Multiple performances each year throughout the district schools
Student Clubs: French, Debate, GLOW, YATST, Honor Society, etc.
Athletics: Basketball, Football Partnership, Cross Country & Nordic Skiing, Track, Soccer, Dance, etc.
Student Council: Giving student body voice for program and opportunities to Administration
International Studies and Trips: Spain, Tanzania, Montreal
Significant Community Use of all Facilities

5. ARTICLE XI: Shall the voters of the Lamoille North Modified Unified School District #58A (PreK-6th grade) approve the school board to expend $12,901,392, which is the amount the school board has determined to be necessary for the ensuing fiscal year? It is estimated that this proposed budget, if approved, will result in education spending of $16,082 per equalized pupil. This projected spending per equalized pupil is 2.21% higher than spending for the current year.

6. Budget Results To Date - Elementary Expenses (Board Approved 1-16-18)
FY16 Actual
FY17 Actual
FY18 Approved Budget
FY19 Proposed
Change FY18 to FY19
Non-SpEd (includes grant funded)
$10,169,887
$10,216,167
$10,290,699
$10,427,076
$136,377
Change
1.33 %
Special Education
$3,047,899
$3,202,974
$2,484,653
$2,474,316
($10,337)
(.42%)
Total Expenses
$13,217,786
$13,419,141
$12,775,352
$12,901,392
$126,040
Total Change
.99%

7. Budget Results To Date - Elementary Revenues (Board Approved 1-16-18)
FY18 Approved Budget
FY19 Proposed
Change FY18 to FY19
Non-SpEd
$937,005
$893,711
($43,294)
Change
(4.62%)
Special Education
$955,210
$973,996
$18,786
1.97%
Total Revenues
$1,892,215
$1,867,707
($24,508)
(1.30%)
Reserve Funds Applied
$240,515
$92,595
($147,920)
Elementary Revenue
$2,132,730
$1,960,302
($172,428)
(8.08%)

8. Elementary Non-SPED Budget Drivers by Object: $136,377 (increase of 1
FY18
FY19
Change
% Change
Salaries
$5,306,306
$5,446,989
$140,683
2.65%
Benefits:
Health Insurance
$1,275,963
$1,230,041
($45,922)
(3.60%)
All Other Benefits
$650,820
$673,215
$22,395
3.44%
Assessment
$585,765
$562,187
($23,578)
(4.03%)
Health Care Recapture
$59,365
Purchased Services
$536,519
$312,142
($224,377)
(41.82%)
Debt Service:
Interest (ST)
$45,000
$54,703
$9,703
21.56%
Interest (LT)
$291,544
$416,214
$124,670
42.76%
Principal
$147,088
$117,088
($30,000)
(20.40%)
All Other
$1,451,694
$1,555,132
$103,438
7.13%
Total PreK-6 Expenses
$10,290,699
$10,427,076
$136,377
1.33%

9. Percent Increase on FY18 Budget Percent Increase on FY18 Budget
Elementary Non-SpEd Budget Drivers by Function: $136,377 (increase of 1.33%)
Budget
Function
Amount
Investment Impact
Percent Increase on FY18 Budget
1100
($49,565)
Purchased Services
(.94%)
1400
$4,269
Salaries & Benefits
42.69%
2100
$54,250
7.29%
2200
($15,400)
(3.10%)
2300
$37,089
Assessment & Board Costs down,
Increase due to Health Recapture
6.13%
2400
($10,106)
Reductions in all Areas
(1.07%)
Budget
Function
Amount
Investment Impact
Percent Increase on FY18 Budget
2500
$9,703
ST Borrowing Interest
21.56%
2600
$55,274
Contracted Services
5.49%
2700
($28,772)
Transportation Contracts
(6.34%)
2800
($12,030)
Equipment & Software
(6.26%)
3100
($3,005)
Supplies
(3.88%)
5100
$94,670
LT Borrowing Interest
21.58%

10. ARTICLE XII: Shall the voters of the Lamoille North Modified Unified School District #58B (7th-12th grade) approve the school board to expend $13,595,253, which is the amount the school board has determined to be necessary for the ensuing fiscal year? It is estimated that this proposed budget, if approved, will result in education spending of $15,877, per equalized pupil. This projected spending per equalized pupil is 1.16% higher than spending for the current year.

11. Non-SpEd (includes grant funded)
Budget Results To Date – Middle & High School Expenses (Board Approved )
FY16 Actual
FY17 Actual
FY18 Approved Budget
FY19 Proposed
Change FY18 to FY19
Non-SpEd (includes grant funded)
$12,096,875
$11,933,817
$11,988,326
$11,986,774
($1,552)
Change
(.01%)
Special Education
$3,289,737
$3,319,131
$1,495,325
$1,608,479
$113,154
7.57%
Total Expenses
$15,386,612
$15,252,948
$13,483,651
$13,595,253
$111,602
Total Change
.83%

12. Budget Results To Date – Middle & High School Revenues (Board Approved 1-16-18)
FY18 Approved Budget
FY19 Proposed
Change FY18 to FY19
Non-SpEd
$454,776
509,800
$55,024
Change
12.10%
Special Education
$556,049
$409,792
($146,257)
(26.30%)
Total Revenues
$1,010,825
$919,592
($91,233)
(9.03%)
Reserve Funds Applied
$100,000
$57,405
($42,595)
MS & HS Rev
$1,110,825
$976,997
($133,828)
(12.05%)

13. Middle & High Schools Non-SpEd Budget Drivers by Object: ($1,552) (decrease of .01%)
FY18
FY19
Change
% Change
Salaries
$5,544,956
$5,522,645
($22,311)
(.40%)
Benefits:
Health Insurance
$1,254,992
$1,224,378
($30,614)
(2.44%)
All Other Benefits
$593,065
$640,466
$47,401
7.99%
Assessment
$500,476
$541,448
$40,972
8.19%
Health Care Recapture
$51,200
Purchased Services
$396,358
$370,663
($25,695)
(6.48%)
Debt Service:
Interest (ST)
$81,000
$71,297
($9,703)
(11.98%)
Interest (LT)
$91,000
($36,817)
($127,817)
(140.46%)
Principal
$329,295
$418,600
$89,305
27.12%
All Other
$3,197,184
$3,182,894
($14,290)
(.45%)
Total MS & HS Expenses
$11,988,326
$11,986,774
($1,552)
(.01%)

14. Percent Increase on FY18 Budget Percent Increase on FY18 Budget
Middle & High School Non-SpEd Budget Drivers by Function: ($1,552) (decrease of .01%)
Budget Function
Amount
Investment Impact
Percent Increase on FY18 Budget
1100
$66,223
Student Supports
1.26%
1300
($73,658)
Tuition: Reduced FTE
(5.88%)
1400
$54,779
Salaries & Benefits
12.23%
2100
($65,196)
Software
(8.01%)
2200
$10,660
Lancer I – cont.
2.19%
2300
$55,119
Healthcare Recapture
SU Assessment
9.70%
2400
$10,714
1.36%
Budget
Function
Amount
Investment Impact
Percent Increase on FY18 Budget
2500
($9,703)
ST Borrowing Interest
(11.98%)
2600
($17,763)
Reduced Overtime
(1.48%)
2700
($3,791)
Transportation Contracts
(.82%)
2800
$9,574
Salaries & Benefits
4.83%
3100 --
Food Services
5100
($38,510)
LT Borrowing Interest
(9.16%)

15. Factors in Building FY19 Budget:
6 to 9 Cents
Expected rate increase for FY2019 reported by State Agencies
State Property Yield - replaces Base Education Amount for Homestead Tax Rate. Property Yield for FY18 was $10,160
$9,842 $1
State Property Tax Rate
$11,862
State Income Yield - Income Yield for FY18 was $11,990
State announced income sensitivity: 72.91% of LNMUUSD Homestead sites received some income sensitivity benefit this year 2%
$1.629
State Non-Residential Property Tax Rate. $1.535 FY2018
Excess Spending Threshold. Currently $17,386. In FY18 no LNSU or MUUSD Districts were subject to Threshold Penalties. No penalties are currently anticipated for FY19.
$17,816
$226,850
June 30, 2017 Unassigned Fund Balance Available (excludes GMTCC)
$150,000
LNMUUSD Combined Reserve Funds Applied

16. Budget Results To Date – Ed Spending LNMUUSD 058A & B: (Board Approved 1-16-18)
FY17 Approved Budget
FY18 Approved Budget
FY19
Proposed Budget
Change FY18 to FY19
Expenses
$13,592,768
$12,775,352
$12,901,392
$126,040
.99%
Revenues
$3,710,158
$2,054,299
$1,960,302
($93,997)
(4.58%)
Ed Spending
$9,882,610
$10,721,053
$10,941,090
$220,037
2.05%
LNMUUSD 058B
FY17 Approved Budget
FY18 Approved Budget
FY19
Proposed Budget
Change FY18 to FY19
Expenses
$15,294,099
$13,483,651
$13,595,253
$111,602
.83%
Revenues
$2,935,591
$1,110,825
$976,997
($133,828)
(12.05%)
Ed Spending
$12,358,508
$12,372,826
$12,618,256
$245,430
1.98%

17. Elementary/Secondary
FY18 versus FY19:
Elementary/Secondary
Pupil FTE’s
676.38
788.31
680.45
794.63
Expenditures
$12,775,352
$13,483,651
$12,901,392
$13,595,253
Off-Setting Revenues
$2,132,730
$1,110,825
$1,960,302
$976,997
Education Fund
$10,642,622
$12,372,826
$10,941,090
$12,618,256
Ed Cost/Pupil FTE
$15,735
$15,695
$16,079
$15,879
Threshold Target
$17,386
$17,816
Est. Rate (before CLA)
1.5487
1.5448
1.6340
1.6132
Act 46 Incentive
(.08)
(.06)
Est. Rate (after incentive)
1.4687
1.4648
1.5740
1.5532
% of Eq. pupils at each
54.26%
45.74%
54.69%
45.31%
Blended LNMUUSD Rate FY19, after incentive, before CLA:
1.5646

18. Budget Results To Date – LNMUUSD 058A (Elementary) Homestead Rate: (Board Approved 1-16-18)
FY18 Approved Budget
FY19
Proposed Budget
Change FY18 to FY19
LNMUUSD 058A
$10,721,053
$10,941,090
$220,037
2.05%
÷ Equalized Pupil (EqPup)
676.38
680.45
4.07
.60%
Ed Spending per EqPup
$15,735
$16,082
$347
2.21%
÷ Yield
$10,160
$9,842
($318)
Est. Equalized Homestead Rate
$1.5487
$1.6340
$.0853
Less: Act 46 Incentive
($.08)
($.06)
($.02)
= Est. Equalized Incentive Rate
$1.4687
$1.5740
$.1053
% of Equalized Pupils not at the Union School
54.26%
54.69%
Est. Elementary Incentive Rate
$.7969
$.8608
$.0639

19. Budget Results To Date – LNMUUSD 058B (Union School) Homestead Rate: (Board Approved 1-16-18)
FY18 Approved Budget
FY19
Proposed Budget
Change FY18 to FY19
LNMUUSD 058B
$12,372,826
$12,618,256
$245,430
1.98%
÷ Equalized Pupil (EqPup)
788.31
794.63
6.32
.80%
Ed Spending per EqPup
$15,695
$15,877
$182
1.16%
÷ Yield
$10,160
$9,842
($318)
Est. Equalized Homestead Rate
$1.5448
$1.6132
$.0684
Less: Act 46 Incentive
($.08)
($.06)
($.02)
= Est. Equalized Incentive Rate
$1.4648
$1.5532
$.0884
% of Equalized Pupils at the Union School
45.74%
45.31%
Est. Union School Incentive Rate
$.6700
$.7038
$.0338

20. FY2019 Estimated Homestead Rates (before CLA):
Combined Educational Spending of $23,559,346, with Combined Equalized Pupils of , and per Equalized Pupil spending of $15,972.
Pre CLA Blended Rate (after $.06 Incentive)
2017 Home-stead Rate
2018 Home-stead Rate
Change ‘17 to ‘18
2019 Home-stead Rate
Change ‘18 to ‘19
2 Year Change after Merger =
Belvidere
1.6038
1.5236
(.0802)
1.5646
.0410
(.0392)
Eden
1.6381
1.5562
(.0819)
.0084
(.0735)
Hyde Park
1.5130
1.4669
(.0461)
.0977
.0516
Johnson
1.4860
(.0191)
.0786
Waterville
1.6091
1.5286
(.0805)
.0360
(.0445)

21. What would the rates look like if we hadn’t merged?
Pre CLA Blended Rates
2017 Home-stead Rate
2018 Home-stead Rate
Change ‘17 to ‘18
2019 Home-stead Rate
Change ‘18 to ‘19
2 Year Change w/o Merger
Belvidere
1.6038
1.8109
.2071
1.7116
(.0993)
.1078
Eden
1.6381
1.6504
.0123
1.6938
.0434
.0557
Hyde Park
1.5130
1.5825
.0695
1.6197
.0372
.1067
Johnson
1.4860
1.5063
.0203
1.5962
.0899
.1102
Waterville
1.6091
1.5372
(.0719)
1.6365
.0993
.0274

22. 2 Year Change after Merger
What did I save on my Pre-CLA rate by merging?
2 Year Change after Merger
2 Year Change w/o Merger
2 Year Savings
Belvidere
(.0392)
.1078
.1470
Eden
(.0735)
.0557
.1292
Hyde Park
.0516
.1067
.0551
Johnson
.0786
.1102
.0316
Waterville
(.0445)
.0274
.0719

23. Additional Considerations Regarding Estimated FY19 Tax Rates:
Following is an estimate of the FY19 Homestead rate for LNMUUSD towns, however…
The Legislature is currently working on an entirely NEW Education Funding formula. Should this pass, the estimated rates following will be impacted significantly.
Per AOE, early reports of budgets are showing less spending than anticipated. This could lower the following estimated Homestead rate, should a new formula not pass.

24. Est. FY2019 Combined Tax Rates
Combined Educational Spending of $23,559,346
Combined Equalized Pupils of Elementary and Secondary
Pre CLA Rate
1.5646 ÷
Current CLA
2019 Est. Rate
2018 Rate
2017 Rate
2018 – 2019 Change per $100,000 Prop. Value
2017 – 2019 Change per $100,000 Prop. Value
Belvidere
95.66
1.6356
1.580
1.672
$55.87
($36.40)
Eden
95.04
1.6462
1.566
1.660
$80.34
($13.80)
Hyde Park
103.54
1.5111
1.389
1.419
$122.49
$92.10
Johnson
99.63
1.5704
1.395
1.386
$175.29
$184.40
Waterville
87.14
1.7955
1.688
1.821
$107.88
($25.50)

25. ARTICLE XIII: Shall the voters of the Lamoille North Modified Unified School District #58B Green Mountain Technology & Career Center approve the school board to expend $3,413,955 which is the amount the school board has determined to be necessary for the ensuing fiscal year?

26. GMTCC Mission To promote the mastery of the essential: Academic skills
Technical skills
Employability skills
for secondary/adult students to be successful
in the workforce and to continue professional
learning.

27. Budget Notables
Offsetting increases in salaries and health benefits with cuts in nearly every line item available and controllable.
Taking advantage of attrition by cutting one academic position and moving the teacher to the Special Needs Coordinator position, vacant through retirement.
Academic program will reorganize with graduation required proficiencies in focus to keep students on track for graduation, career, and post secondary education.
Keeping in mind possible upcoming legislation regarding skilled labor force training and Career and Technical Education funding systems.
Beginning a team approach to helping sending schools with Personalized Learning Plans.

28. FY19 Budget Proposal
FY18 $3,451,883 FY19 $3,413,955 Difference $ -37,928 Percent Change -1.10%

30. Pupil Assessment History
FY10 $ 6,976
FY11 $ 7,163
FY12 $ 6,693
FY13 $ 6,520
FY14 $ 7,154
FY15 $ 7,065
FY16 $ 7,037
FY17 $ 7,123
FY18 $ 7,073
FY19 $ 8,696

31. Thank You
Please Vote
March 6