Transcript Lincoln Public Schools Budget Tool Kit Timeline for 2012-13 Budget • • • • • • September January-March January-April April May May-July • July/August • August • August Last Friday - Enrollment Staffing Conferences State Legislative Session Abstract of Property.

Lincoln Public Schools
Budget Tool Kit
Timeline for 2012-13 Budget
•
•
•
•
•
•
September
January-March
January-April
April
May
May-July
• July/August
• August
• August
Last Friday - Enrollment
Staffing Conferences
State Legislative Session
Abstract of Property Tax Valuation
State Aid Number
Community/District Constituents
Presentations
Draft of Proposed Budget
Budget Adoption
Final Property Tax Valuation
LPS Tool Kit 2012-2013 Proposed Page 1
Funding Sources
The general fund or “operating fund” of the
district is funded through a combination of local,
county, state, and federal funds. The largest
source of funding comes from local property taxes.
2012-13 Budget
Revenues by Source
Special Ed & Other
State Support
9.4%
State Aid
25.8%
Non
Federal Revenue
1.7%
0.0%
Property Taxes
55.0%
County
0.6%
Other Local
7.5%
LPS Tool Kit 2012-2013 Page 2
Property Taxes
What is the estimated cost to a
homeowner if the home’s assessed
value is $146,150?
2011-2012
$1,821.33
2012-2013
$1,819.14
$151.78
per month
$151.60
per month
-$2.16
change
per year
Note: Per the county assessor’s office, in 2011 the average assessed value for residential property
was $146,150.
LPS Tool Kit 2012-2013 Page 3
State Aid
Lincoln Public Schools
$83.5 million
The state aid part of state revenue to
Lincoln Public Schools is 25.8% of the LPS
funding for the operating budget.
LPS Tool Kit 2012-2013 Page 4
How does state aid work?
One of the state aid formula’s primary goals since
1990 has been to equalize the financial resources of
school districts across the state. This has been
successful, in that the per-student revenue (and
spending) disparities among school districts have
narrowed over the past twenty years. Another of the
formula’s goals was to shift reliance from local
revenue sources (primarily property taxes) to state
revenue sources (primarily sales and income taxes). In
recent years, however,
state aid reductions have
resulted in a trend of
increased reliance on local
revenues as a source for
funding schools.
LOCAL
RESOURCES
NEEDS
LPS Tool Kit 2012-2013 Proposed Page 5
2012-13 State Aid Formula
Needs
Average Daily Membership
X
Basic Funding
Plus Allowances/Adjustments
Other Considerations/Allowances:
*
*
*
*
*
*
*
Poverty Allowance
Limited English Proficiency Allowance
Transportation Allowance
Elementary Class Size Allowance
Summer School Allowance
Special Receipts Allowance
Distance Education Allowance
Teacher Education Allowance
* Averaging Adjustment
* Student Growth Adjustment
* New School Adjustment
Local Choice Adjustment
Instructional Time Allowance
Needs Stabilization
Elementary Site Allowance
Focus School & Program Allowance
Learning Community Transportation Adjustment
*LPS allowance/adjustments affecting needs.
-
Resources
= State Aid
Adjusted Valuation
X
Local Effort Rate
(currently $.0105 below max. levy)
Plus Other Actual Receipts
Other Formula Resources
Net Option Funding
Allocated Income Taxes
Other Actual Receipts
Minimum Levy Adjustment
Retirement Aid
LPS Tool Kit 2012-2013 Page 6
Where does the money go?
LPS spends the majority of the operating budget on instruction. This
includes money for teachers, counselors, media specialists, nurses,
principals, office staff, paraeducators, supplies and equipment. The
rest of the budget is for Business Affairs (maintenance, custodial,
transportation, etc.), Human Resources, and the Superintendent’s
Office/Board of Education areas.
2012-2013 General Fund Expenditure Budget
Human Resources
1.6%
Business Affairs
13.3%
Supt/Board
0.7%
Special Ed
Transportation
1.5%
Special Ed
16.6%
`
Regular Instruction
66.3%
Instruction 82.9%
LPS Tool Kit 2012-2013 Page 7
2012-2013 General Fund
Expenditure Budget: $330,263,955
LPS Tool Kit 2012-2013 Page 8
Funding for Schools
Several Factors:
Number of Students
Number of Students in
Special Programs
Educational & Experience
Level of Staff
Supply & Equipment
Funds based on Formula
LPS Tool Kit 2012-2013 Page 9
Staffing for Schools
Based on a “Point” System
Annual Conferences Held to Determine
Staffing Needs with:
Associate Superintendent for Instruction
Associate Superintendent for Human Resources
Principals
LPS Tool Kit 2012-2013 Page 10
Lincoln Public Schools
38 Elementary Schools
11 Middle Schools
 6 High Schools
Alternative Education Center for High
School Students
Expelled Student Center
Students with Behavioral Disabilities
Center
4 Specialty Focus High School
Programs
LPS Tool Kit 2012-2013 Page 11
2012-13
Number of Students
35,538 Kindergarten through 12th Grade
493 Early Childhood Special Education
Students (birth to age 5)
871 Head Start (ExCite) (ages 3 and 4)
36,902 Total
LPS Tool Kit 2012-2013 Page 12
Summary of All Funds
2012-2013 Budget
2012-13
Beginning
Balance
2012-13
Revenue
Proposed
2012-13
Expenditure
Proposed
2012-13
Budgeted
Reserve
General Fund
Federal Fund
Special Grants
*Total Combined General Fund
$ 61,867,492
$ (10,235,506)
$
802,686
$ 52,434,672
$ 324,007,571
$ 42,000,000
$ 8,000,000
$ 374,007,571
$ 330,263,955
$ 42,000,000
$ 8,000,000
$ 380,263,955
$ 55,611,108
$ (10,235,506)
$
802,686
$ 46,178,288
Bond Construction Fund
Building Fund
LPSDO Reconstruction Fund
*Total Combined Special Building Fund
$
$ 8,692,147
$ 8,844,415
$ 17,536,562
$
$
$
$
$
$ 8,994,317
$ 14,844,415
$ 23,838,732
$
$
$
$
-
Phase II 10-Year Facility Plan Projects Budget
Phase III 10-Year Facility Plan Projects Budget
Abatement (Hazardous Material Abatement & Handicapped Accessibility) Bond Budget
CAM (Life Safety Code, Indoor Air Quality & Mold Abatement/Prevention) Bond Budget
Phase II - Series 2009 Bonds
Phase II and III - Series 2010 Bonds
QZAB (Qualified Zone Academy Bonds) Bond Budget
*Total Combined Qualified Capital Purpose Undertaking Fund
$
$ 21,500,697
$
940,149
$ 2,604,077
$ 1,661,938
$
976,838
$
379,646
$ 28,063,345
$
$
19,000
$
956,356
$ 8,496,073
$ 20,000,000
$ 49,517,502
$
434,147
$ 79,423,078
$
$
$
$
$
$
$
$
21,519,697
1,896,505
11,100,150
21,661,938
50,494,340
813,793
107,486,423
$
$
$
$
$
$
$
$
-
School Activity Fund
Central Interscholastic Athletic
*Total Combined Activities Fund
$
$
$
$
$
$
$
$
$
6,389,790
1,610,210
8,000,000
$
$
$
Bond,Interest & Debt Retirement
Depreciation Fund
Insurance (Contingency) Fund
Nutrition Services Fund
Retirement (Employee Benefit)
Cooperative Fund
Student Fee Fund
Total
$ 19,180,488
$ 10,183,843
$ 2,875,478
$ 5,167,576
$
14,794
$
$
$137,362,040
$ 296,519,071
$
388,240
$ 2,735,830
$ 17,841,830
$
$ 3,851,080
$ 1,000,000
$790,068,870
$ 293,123,664
$ 10,572,083
$ 5,611,308
$ 23,009,406
$
14,794
$ 3,851,080
$ 1,000,000
$856,771,445
$ 22,575,895
$
$
$
$
$
$
$70,659,465
Educational Service Unit #18
Educational Service Unit #18
$
1,806,673
$
9,740,935
$
9,567,630
$
1,979,978
Total
$
1,806,673
$
9,740,935
$
9,567,630
$
1,979,978
Lincoln Public Schools
1,855,282
50,000
1,905,282
302,170
6,000,000
6,302,170
6,439,790
1,560,210
8,000,000
1,905,282
1,905,282
*Funds are combined to coincide with the format required by the Nebraska Auditor of Public Accounts.
LPS Tool Kit 2012-2013 Page 13
Property Tax Rate
Fund
2011-12
2012-13
Actual Rate Actual Rate
Change
General Fund
Building Fund
Bond Fund
Qualified Capital Purpose Fund
$1.048671
$0.000000
$0.160339
$0.037197
$1.050000
$0.000000
$0.163911
$0.030794
$0.001329
$0.000000
$0.003572
($0.006403)
Total
$1.246207
$1.244705
($0.001502)
Educational Service Unit #18
$0.015000
$0.015000
$0.000000
Note: The 2012-13 rates are estimated until Lincoln Public Schools receives the certified
valuation figure from the Lancaster County Assessor on August 20, 2012.
LPS Tool Kit 2012-2013 Page 14
How Does LPS Compare?*
• LPS is ranked 233rd out of 249 school districts in
Nebraska in per pupil spending.
• LPS currently Spends $9,755 per pupil compared
to the State of Nebraska average of $10,710.
• LPS annually spends less than the state average by
$33.7 million.
• The current levy and expenditure limitations do not
allow LPS to spend at the State average.
*2011-12 data is the latest available from the Nebraska Department of Education.
LPS Tool Kit 2012-2013 Page 15
Need more information or
want to share comments?
Look at our web site and see the
Annual Budget Information and
Financial History at
http://www.lps.org/about/budget/
Please contact Mark Shepard
at 436-1635 or by
e-mail at [email protected]
LPS Tool Kit 2012-2013 Page 16