Lamoille North Modified Unified Union School District

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 3 -18 plus

3. Elementary Level Afterschool Programming Participation: Extra Programming Opportunities:

4. Extra Programming Opportunities (cont.):

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)

7. Budget Results To Date - Elementary Revenues(Board Approved 1-16-18)

8. Elementary Non-SPED Budget Drivers by Object: $136,377 (increase of 1.33%)

9. Elementary Non-SpEdBudget Drivers by Function: $136,377 (increase of 1.33%)

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. Budget Results To Date – Middle & High School Expenses(Board Approved 1-16-18)

12. Budget Results To Date – Middle & High School Revenues(Board Approved 1-16-18)

13. Middle & High Schools Non-SpEd Budget Drivers by Object: ($1,552) (decrease of .01%)

14. Middle & High School Non-SpEd Budget Drivers by Function: ($1,552)(decrease of .01%)

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 June 30, 2017 Unassigned Fund Balance Available (excludes GMTCC) $226,850 $150,000 LNMUUSD Combined Reserve Funds Applied

16. Budget Results To Date – Ed Spending LNMUUSD 058A & B: (Board Approved 1-16-18)

17. FY18 versus FY19:

18. Budget Results To Date – LNMUUSD 058A (Elementary) Homestead Rate: (Board Approved 1-16-18)

19. Budget Results To Date – LNMUUSD 058B (Union School) Homestead Rate: (Board Approved 1-16-18)

20. FY2019 Estimated Homestead Rates (before CLA): Combined Educational Spending of $23,559,346, with Combined Equalized Pupils of 1475.08, and per Equalized Pupil spending of $15,972.

21. What would the rates look like if we hadn’t merged?

22. What did I save on my Pre-CLA rate by merging?

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 680.45 Elementary and 794.63 Secondary

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