Lincoln Public Schools Budget Tool Kit. Timeline for 2012-13 Budget September Last Friday - Enrollment January-March Staffing Conferences January-April

Lincoln Public Schools

Budget Tool Kit

Timeline for 2012-13 Budget

• September Last Friday - Enrollment• January-March Staffing Conferences• January-April State Legislative Session• April Abstract of Property Tax Valuation• May State Aid Number• May-July Community/District Constituents

Presentations• July/August Draft of Proposed Budget• August Budget Adoption• August 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.

LPS Tool Kit 2012-2013 Page 2

Property Taxes55.0%

Other Local7.5%

County0.6%

State Aid25.8%

Special Ed & Other State Support

9.4%

Federal1.7%

Non Revenue

0.0%

2012-13 BudgetRevenues by Source

What is the estimated cost to a homeowner if the home’s assessed value is $146,150?

Property Taxes

2011-2012

$1,821.33

2012-2013 $1,819.14 -$2.16

change per year

$151.78 per month

$151.60 per month

Note: Per the county assessor’s office, in 2011 the average assessed value for residential property was $146,150.


State AidLincoln 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.


NEEDS

LOCAL RESOURCES

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. LPS Tool Kit 2012-2013 Proposed Page 5

2012-13 State Aid Formula

*LPS allowance/adjustments affecting needs. LPS Tool Kit 2012-2013 Page 6

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

Other Formula Resources

Net Option FundingAllocated Income TaxesOther Actual ReceiptsMinimum Levy AdjustmentRetirement Aid

Needs - Resources = State AidAverage Daily Membership Adjusted Valuation

X XBasic Funding Local Effort Rate

Plus Allowances/Adjustments (currently $.0105 below max. levy)Plus Other Actual Receipts

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.


Regular Instruction66.3%

Special Ed16.6%

Special Ed Transportation

1.5%

Business Affairs13.3%

Human Resources1.6%

Supt/Board0.7%

Instruction 82.9%

2012-2013 General Fund Expenditure Budget

`

2012-2013 General Fund Expenditure Budget: $330,263,955


Funding for SchoolsSeveral Factors:

Number of StudentsNumber of Students in Special ProgramsEducational & Experience Level of StaffSupply & Equipment

Funds based on Formula


Staffing for SchoolsBased on a “Point” SystemAnnual Conferences Held to Determine Staffing Needs with:

Associate Superintendent for InstructionAssociate Superintendent for Human

ResourcesPrincipals


Lincoln Public Schools38 Elementary Schools11 Middle Schools 6 High SchoolsAlternative Education Center for High School StudentsExpelled Student CenterStudents with Behavioral Disabilities Center4 Specialty Focus High School Programs


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


Summary of All FundsSummary of All Funds


2012-2013 Budget

2012-13 2012-13 2012-13 2012-13Beginning Revenue Expenditure BudgetedBalance Proposed Proposed Reserve

Lincoln Public Schools

General Fund 61,867,492$ 324,007,571$ 330,263,955$ 55,611,108$ Federal Fund (10,235,506)$ 42,000,000$ 42,000,000$ (10,235,506)$ Special Grants 802,686$ 8,000,000$ 8,000,000$ 802,686$ *Total Combined General Fund 52,434,672$ 374,007,571$ 380,263,955$ 46,178,288$

Bond Construction Fund -$ -$ -$ -$ Building Fund 8,692,147$ 302,170$ 8,994,317$ -$ LPSDO Reconstruction Fund 8,844,415$ 6,000,000$ 14,844,415$ -$ *Total Combined Special Building Fund 17,536,562$ 6,302,170$ 23,838,732$ -$

Phase II 10-Year Facility Plan Projects Budget -$ -$ -$ -$ Phase III 10-Year Facility Plan Projects Budget 21,500,697$ 19,000$ 21,519,697$ -$ Abatement (Hazardous Material Abatement & Handicapped Accessibility) Bond Budget 940,149$ 956,356$ 1,896,505$ -$ CAM (Life Safety Code, Indoor Air Quality & Mold Abatement/Prevention) Bond Budget 2,604,077$ 8,496,073$ 11,100,150$ -$ Phase II - Series 2009 Bonds 1,661,938$ 20,000,000$ 21,661,938$ -$ Phase II and III - Series 2010 Bonds 976,838$ 49,517,502$ 50,494,340$ -$ QZAB (Qualified Zone Academy Bonds) Bond Budget 379,646$ 434,147$ 813,793$ -$ *Total Combined Qualified Capital Purpose Undertaking Fund 28,063,345$ 79,423,078$ 107,486,423$ -$

School Activity Fund 1,855,282$ 6,439,790$ 6,389,790$ 1,905,282$ Central Interscholastic Athletic 50,000$ 1,560,210$ 1,610,210$ -$ *Total Combined Activities Fund 1,905,282$ 8,000,000$ 8,000,000$ 1,905,282$

Bond,Interest & Debt Retirement 19,180,488$ 296,519,071$ 293,123,664$ 22,575,895$ Depreciation Fund 10,183,843$ 388,240$ 10,572,083$ -$ Insurance (Contingency) Fund 2,875,478$ 2,735,830$ 5,611,308$ -$ Nutrition Services Fund 5,167,576$ 17,841,830$ 23,009,406$ -$ Retirement (Employee Benefit) 14,794$ -$ 14,794$ -$ Cooperative Fund -$ 3,851,080$ 3,851,080$ -$ Student Fee Fund -$ 1,000,000$ 1,000,000$ -$ Total $137,362,040 $790,068,870 $856,771,445 $70,659,465

Educational Service Unit #18Educational 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$

*Funds are combined to coincide with the format required by the Nebraska Auditor of Public Accounts.

Property Tax Rate

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.


Fund2011-12

Actual Rate2012-13

Actual Rate Change

General Fund $1.048671 $1.050000 $0.001329Building Fund $0.000000 $0.000000 $0.000000Bond Fund $0.160339 $0.163911 $0.003572Qualified Capital Purpose Fund $0.037197 $0.030794 ($0.006403)Total $1.246207 $1.244705 ($0.001502)

Educational Service Unit #18 $0.015000 $0.015000 $0.000000

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.

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] Tool Kit 2012-2013 Page 16

Documents

Lincoln Public Schools Budget Tool Kit. Timeline for 2012-13 Budget September Last Friday - Enrollment January-March Staffing Conferences January-April