Lansing Central School DistrictBudget Update

November 13, 2012

Ms. Mary June King, Business Administrator

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LONG-TERM BUDGET PERFORMANCE

• Annual Revenues vary over past four years; current trend is decreasing revenues

• District appropriations have increased and currently obligate entire sum of ‘surplus’ funds

• Annual Expenses are increasing at a decreasing rate

• 2011-12 is first time in this administration’s history that expenses exceeded non-appropriated revenues

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LONG-TERM BUDGET PERFORMANCE2008-2009 2009-2010 2010-2011 2011-2012 2012-2013

REVENUE 25,100,000* 24,000,000 24,500,000 24,300,000 24,000,000

BUDG APPR 400,000 1,400,000 1,900,000 2,000,000

EXPENSES 21,900,000 22,800,000 23,500,000 24,200,000 26,000,000

SURPLUS OPS 3,200,000 1,200,000 1,000,000 100,000 (2,000,000)

REV INC YR-TO-YR 14.3 % -4.4 % 2.1 % -0.008 % -0.01 %

EXP INC YR-TO-YR -0.88 % 4.11 % 3.1 % 2.5% 7.44 %

SURPLUS DISTR 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013

UNASSIGNED BAL 900,000 1,000,000 1,400,000 900.000 700,000

APPROPRIATED 400,000 1,400,000 1,900,000 2,000,000

RESERVE ADDS 1,900,000 100,000 200,000 700,000 200,000

RESERVE USES 180,000 500,000 700,0003

FUND BALANCE ANALYSIS(expenses)

• What functions, and components thereof, have been over- or under-spent in previous years?

• Is there a discernible pattern that could/should be corrected for more exact budget planning?

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ACTUAL EXPENSES 2008 - 2011

2008-2009 2009-2010 2010-2011 2011-2012

TOTAL BUDGET $ 22,838,912 $ 23,944,315 $ 24,377,906 $ 25,275,503

GENERAL SUPPORT 2,644,758 2,835,262 2,668,642 2,567,429

INSTRUCTION 11,473,040 12,157,940 12,158,107 12,237,387

TRANSPORTATION 870,227 976,931 827,451 875,963

UNDISTRIBUTED 6,920,553 6,813,727 7,860,864 8,509,641

TOTAL EXPENSES $ 21,908,579 $ 22,783,860 $ 23,515,064 24,190,420

$ 930,333 $ 1,160,455 $ 862,842 $ 1,085,083

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FUND BALANCE ANALYSIS(expenses)

• General Support: Central Services (salaries and utilities (!) in 11/12), Finance (11/12)

• Instructional: Teaching Regular School, Special Education (08/09 and 10/11, 11/12)

• Transportation: Salaries and overtime (09/10, 10/11, 11/12)• Undistr. Expend: DS (08/09), EB (09/10), wash (10/11), EB

(11/12)

2008-2009 2009-2010 2010-2011 2011-2012

GENERAL SUPPORT $ 344,832 $ 258,063 $ 274,692 $ 428,118

INSTRUCTION $ 483,668 $ 259,654 $ 261,321 $ 186,798

TRANSPORTATION $ 223,476 $ 38,295 $ 240,165 $ 154,998

UNDISTR. EXPEND $ (121,643) $ 604,173 $ 86,664 $ 315,169

TOTALS $ 930,333 $ 1,160,455 $ 862,842 $1,085,0836

FUND BALANCE ANALYSIS(revenue)

• What revenue codes have been over- or under-projected in the past few years?

• Is there a discernible pattern that could/should be corrected for more exact budget planning?

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ACTUAL REVENUES 2008 – 2011

2008-2009 2009-2010 2010-2011 2011-2012

BUDGETED 22,838,912 23,944,315 24,377,906 25,275,503

STATE AID 7,176,026 6,383,245 6,326,142 6,342,673

FEDERAL AID 17,727 1,051,482 455,847 6,375

MISCELLANEOUS 2,705,802 784,801 1,652,139 1,486,719

PILOT 281,864 233,945 2,677,315 2,509,743

TAXES 14,894,065 15,551,688 13,351,157 13,954,451

TOTAL 25,075,484 24,005,161 24,462,600 24,299,961

TAX RATE $ 17.76 $ 17.60 $ 18.48 $ 19.108

FUND BALANCE ANALYSIS(revenue)

• 08/09: Misc $ reflects reclass of liabilities, < taxes reflects BOE decrease of levy in Aug.

• 09/10: State/Fed aid reflects ARRA/ESF, PILOT/Tax reflects TC assessment documentation

• 10/11: state/Fed aid reflects ARRA/ESF, Misc reflects BOCES refund,

• 11/12: Misc reflects budgeted appropriation not utilized

2008-2009 2009-2010 2010-2011 2011-2012

STATE AID $ (6,089) $ (286,033) $ 91,122 $ (128,638)

FEDERAL AID $ (66,646) $ 972,117 $ (30,000) $ (23,625)

MISCELLANEOUS $ 2,112,442 $ 609,926 $ 638,410 $ (955,455)

PILOT $ 31,864 $ (2,979,755) $ 274,915 $ 132,169

TAXES $ (1,079,922) $ 2,482,268 $ (18,751) $ 7

TOTALS $ 991,649 $ 798,523 $ 955,696 $ (975,549)9

FUND BALANCE ANALYSIS

2008-2009 2009-2010 2010-2011 2011-2012

REVENUES $ 991,649 $ 798,523 $ 955,696 $ (975,549)

EXPENSES $ 933,333 $ 1,160,455 $ 862,842 $ 1,129,083

FUND BALANCE $ 1,924,982 $ 1,958,978 $ 1,818,538 $ 153,534

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