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

Lansing Central School DistrictBudget Update

February 27, 2012

Dr. Stephen L. Grimm, Superintendent Ms. Mary June King, Business Administrator

BUDGET TOPICS

• (as of 2/27/2012)• Co-Curricular• Extra-Curricular• Budget, Revenue, Gap update

CO-CURRICULAR

2011-2012 2012-2013 % CHANGE

SALARIES $124,863 $129,858 4.00 %

BENEFITS $ 25,162 $ 30,517 21.28 %

CONTRACTUAL $ 8,800 $ 6,000 - 0.32 %

M & S $ 1,800 $ 1,000 - 0.44 %

TOTALS $160,625 $167,375 4.20 %

% OF BUDGET 0.64 % 0.63 %

EXTRA-CURRICULAR2011-2012 2012-2013 % CHANGE

SALARIES $ 157,116 $ 176,766 12.51 %

BENEFITS $ 31,046 $ 38,889 25.26 %

EQUIPMENT $ 11,475 $ 11,475 0 %

CONTRACTUAL $ 88,200 $ 92,000 4.31%

CONFERENCE $ 12,500 $ 12,500 0

M & S $ 14,500 $ 14,500 0.0 %

BOCES $ 5,188 $ 5,200 0.23 %

TOTALS $ 320,025 $351,330 9.78%

% OF BUDGET 1.26 % 1.32%

BUDGET STATE AREA TOTALS

UNDISTRIBUTED EXPENDITURES2011-2012 2012-2013 % CHANGE

Employee Benefits $ 6,535,412 $ 6,946,245 6.29 %Debt Services $ 2,303,398 $ 2,230,323 - 3.17%

Debt Service is offset by matching revenues (state aid)

2011-2012 2012-2013 % CHANGE

General Support $ 3,005,547 $ 3,018,660 0.44%

Instruction $ 12,434,185 $ 13,383,277 7.63%

Pupil Transportation $ 1,040,961 $ 980,943 - 5.77%

Undistributed Expenditures $ 8,838,810 $ 9,176,568 3.82%

TOTAL: $25,319,503 $26,559,448 4.90%

PROJECTED REVENUE GAP

Revenue SourceAnticipated 2011-2012

Projected2012-2013

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

Projected Budget/Revenue 2012-2013 Gap: 2.13.2012

Projected2012-2013

$ 26,560,000

$1,240,500

Budget 2011-2012

$ 25,319,500 $2,936,500

$1,696,000

Revenue for 2012-2013

$ 23,623,5007

Projected Budget/Revenue 2012-2013 Gap With appropriated $1.9M

Projected2012-2013

$ 26,560,000

$ 1,284,500

Budget 2011-2012

$ 25,319,500 $ 1,080,500

$ - 204,000

Revenue for 2012-2013

$ 25,523,5008

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 12.13 without touching reserves.

BUDGETED AMOUNT

PROJECTED ACTUAL DIFFERENCE

REVENUES $ 25,319,503 $ 25,621,782 + 302,279

EXPENSES $ 25,319,503 $ 24,621,249 + 698,254

TOTAL PROJECTED FUND BALANCE IN EXCESS OF ALLOWED 4% $ 1,000,533

REVENUE SHORTFALL SOLUTIONS

• $ 1,764,030 Shortfall contains 2.6% levy increaseFUND/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

CONTINGENCY BUDGET

• 11.12 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)

TAX CAP BUDGET

ACTION CALCULATIONS

11.12 Property tax levy $ 13,954,451

PLUS base growth factor (.86%) 120,008

PLUS 11.12 pilot ($2,509,743) 2,509,743

MINUS 11.12 exemptions 1,395,065

ADJUSTED PRIOR YEAR LEVY $ 15,189,137

PLUS Allowable growth factor (2%) 303,783

MINUS PILOTS for coming year 2,044,276

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 increase 6.32%