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Lansing Central School District Budget Update January 14, 2013

Lansing Central School District Budget Update January 14, 2013. Chris Pettograsso, Acting Superintendent Mary June King, Business Administrator. CONTENTS. Strategic Plan update Budget planning update Budget preliminary information for: BOCES Budget Debt Service Budget Employee Benefits.

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Lansing Central School District Budget Update January 14, 2013

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  1. Lansing Central School DistrictBudget UpdateJanuary 14, 2013 Chris Pettograsso, Acting Superintendent Mary June King, Business Administrator

  2. CONTENTS • Strategic Plan update • Budget planning update • Budget preliminary information for: • BOCES Budget • Debt Service Budget • Employee Benefits

  3. LCSD STRATEGIC PLAN • By fiscal year 2012, and annually thereafter, with the guidance of the Board of Education and with consideration given to the economic conditions within the community, the district will present to the Board for its consideration an annual proposed budget and revenue plan which will limit the increase in the combined tax levy using the following calculation as a guide: • Annual CPI as of December 31 of the fiscal year plus 1%, which in total would not be less than 0%, nor exceed 5%.

  4. Annual CPI as of December 31 of the fiscal year plus 1%, which in total would not be less than 0%, nor exceed 5%. • Most current CPI = 1.8% http://www.bls.gov/news.release/cpi.nr0.htm • December data due out January 16 • Total possible increase: 2.8% • $ 16,934,617 * 1.038 = $ 17,408,786 • Possible increase revenue from taxes = $ 474,169

  5. NEW INFO COMING IN JANUARY • Revenue Info • Governor’s budget (state aid projections) • December CPI • Expenditure Info (calendar plan) • BOCES budget • Debt Service budget • Employee benefits budget

  6. BOCES BUDGET • CURRENTLY APPROX 13% OF BUDGET PRE-AID • Initial service request submitted in December • Final service request submitted February • TST budget includes all NYS BOCES contracts • 2012-2013 expenses aidable at 0.586 • Historically, aided on approx. 60% of budget

  7. BOCES EXPENSES & SERVICES • Career and Tech • Special Education, Therapists, Itinerants • GED, summer schools, August regents, community school, home instruction, enrichment • Library services, printing services • Professional development and staff trainings • Computer services, hardware purchases • Data services, Professional services • CBO

  8. DEBT SERVICE • CURRENTLY APPROX 9% OF BUDGET PRE-AID • Capital project (incl. BOCES), Refinance, bus purchase bond payments • Net Zero? • Inter fund transfers • Typically matched by revenues (state aid)

  9. EMPLOYEE BENEFITS • CURRENTLY APPROX 26% OF BUDGET • ERS • Increase from 18.9% to 20.9% • Current • TRS • Expected Increase from 11.84% to (15.50) 16.50% • Final update expected in February

  10. BENEFITS CONT’D • WORKER’S COMPENSATION • No significant increase anticipated • Consortium increases considered in March • HEALTH INSURANCE • TST Consortium average rate (+) since FY 02= 8.25% • TST Consortium average rate (+) 5YR ave = 4.50% • Consortium will discuss next year’s increase at January meeting

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