Lincoln Public Schools

Budget Tool Kit

Timeline for 2007-08 Budget

• September Last Friday - Enrollment• January-March Staffing Conferences• January-June State Legislative Session• February State Aid Number• April Abstract of Property Tax Valuation• February-March Draft of Proposed Budget• April Proposed Budget• May Budget Adoption• August Final Property Tax Valuation

LPS Tool Kit 2007-2008 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 2007-2008 Page 2

2007-08 BudgetRevenues by Source

Non Revenue

0.1%

Property Taxes59.5%

Federal2.3%

County0.5%

Other Local9.0%

Special Ed & Other State Support

10.0%

State Aid18.6%

What is the estimated cost to a homeowner if the home’s assessed value is $150,000?

Property Taxes

2006-2007

$1,914.64

2007-2008$1,907.91

LPS Tool Kit 2007-2008 Page 3

A decrease of $0.56

per month

$159.55 per month

$158.99 per month

State AidLincoln Public Schools

$51.4 million

The state aid part of state revenue to Lincoln Public Schools is 18.6% of the LPS funding for the operating budget.

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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 fifteen 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 2007-2008 Page 5

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.

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Business Affairs12.8%

Regular Instruction

66.3%

Supt/Board0.8%Special Ed

Transportation1.2%

Human Resources

1.8%

Special Ed17.1%

Instruction 83.4%

2007-2008 General Fund Expenditure Budget

Expenditure Summary

LPS Tool Kit 2007-2008 Page 7

2006-2007 Budget 264,027,600$

Budget Adjustments:I ncreased Salary & Health I nsurance 9,966,534$ One Additional Contract Day 831,076$ All Day Kindergarten 1,854,570$ Start up Costs f or New Elementary School 897,420$ School Security Staffi ng (f ull year staffi ng) 500,000$ I ncrease $12 per Student f or Supplies 394,000$ Diesel Fuel Cost I ncrease 150,000$ Gasoline Fuel cost I ncrease 50,000$ LES Surcharge (September through December) 100,000$ Aquila I ncrease 25,000$ Exemption-Retirement I ncentive Program 1,300,000$ One-Time Security Purchases in 2006-07 (1,000,000)$ State Retirement Rate Change (1,099,310)$ Actual vs Budgeted Personnel (1,184,800)$

I ncrease in Budget 12,784,490$ 4.84%

Early Childhood Education 822,720$

2007-2008 Proposed Budget 277,634,810$

Expenditure Categories

Certificated Salaries & Benefits

65.0%

School Building Admin Salaries &

Benefits4.3% District Level

Admin Salaries & Benefits

1.8%

Classified Salaries & Benefits

17.8%

Supplies3.6%

Contract Services5.5%

Transfers & Fixed0.6%

Other0.4%

Equipment1.0%

2007-2008 General FundExpenditure Budget: $277,634,810

LPS Tool Kit 2007-2008 Page 8

Funding for SchoolsSeveral Factors:

Number of Students

Number of Students in Special Programs

Educational & Experience Level of Staff

Supply & Equipment Funds based on

FormulaLPS Tool Kit 2007-2008 Page 9

Staffing for SchoolsBased on a “Point” System

Annual Conferences Held to Determine Staffing Needs with:

Associate Superintendent for InstructionAssociate Superintendent for Human

ResourcesPrincipals

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Lincoln Public Schools36 Elementary Schools10 Middle Schools 6 High SchoolsAlternative Education Center for High School StudentsExpelled Student Center4 Specialty Focus High School Programs

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Projected Number of Students32,247 Kindergarten through 12th Grade 576 Early Childhood Special Education Students (birth to age 5) 479 Head Start/Title I (ages 3 and 4)

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LPS Tool Kit 2007-2008 Page 13

Summary of All Funds2007-2008 Budget

2007-08 2007-08 2007-08 2007-08Budget Budget Budget Budget

Beginning Revenue Expenditure BudgetedBalance Budget Budget Reserve

Lincoln Public Schools

General Fund 51,936,531$ 276,489,339$ 277,634,810$ 50,791,060$ Federal Fund (3,456,500)$ 19,000,000$ 19,000,000$ (3,456,500)$ Special Grants 1,179,471$ 5,000,000$ 5,000,000$ 1,179,471$ *Total Combined General Fund 49,659,502$ 300,489,339$ 301,634,810$ 48,514,031$

Bond Construction Fund 125,945,125$ 105,000,000$ 230,945,125$ -$ Building Fund** 43,791,233$ 4,962,179$ 48,753,412$ -$ *Total Combined Special Building Fund 169,736,358$ 109,962,179$ 279,698,537$ -$

Abatement (Hazardous Material Abatement & Handicapped Accessibility) Budget 4,790,470$ 6,220,630$ 11,011,100$ -$ QZAB (Qualified Zone Academy Bonds) Budget 1,366,263$ 3,922,396$ 5,288,659$ -$ CAM (Life Safety Code, Indoor Air Quality & Mold Abatement/Prevention) Budget 11,775,960$ 29,345,905$ 41,121,865$ -$ *Total Combined Qualified Capital Purpose Undertaking Fund 17,932,693$ 39,488,931$ 57,421,624$ -$

School Activity Fund 1,549,672$ 6,721,790$ 6,668,942$ 1,602,520$ Central Interscholastic Athletic 52,848$ 1,278,210$ 1,331,058$ -$ *Total Combined Activities Fund 1,602,520$ 8,000,000$ 8,000,000$ 1,602,520$

Bond,Interest & Debt Retirement 8,341,554$ 267,427,108$ 265,095,152$ 10,673,510$ Depreciation Fund* 7,550,193$ 200,000$ 7,750,193$ -$ Insurance (Contingency) Fund 4,506,229$ 2,724,710$ 7,230,939$ -$ Nutrition Services Fund 3,883,050$ 12,893,849$ 13,327,000$ 3,449,899$ Retirement (Employee Benefit) 497,599$ 750,000$ 1,247,599$ -$ Cooperative Fund -$ 3,618,840$ 3,618,840$ -$ Student Fee Fund -$ 1,000,000$ 1,000,000$ -$ Total $263,709,698 $746,554,956 $946,024,694 $64,239,960

Educational Service Unit #18Educational Service Unit #18* 654,832$ 8,107,381$ 8,227,630$ 534,583$

Total 654,832$ 8,107,381$ 8,227,630$ 534,583$

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

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 Dennis Van Horn at 436-1635 or by

e-mail at dvhorn@lps.orgLPS Tool Kit 2007-2008 Page 14