NORTHWESTERN LEHIGH SCHOOL DISTRICT NM 23 ROPLSED FINAL BUDGET OVERVIEWNORTHWESTERN LEHIGH SCHOOL DISTRICT 2012-13 PROPOSED FINAL BUDGET SUMMARY STATEMENT OF REVENUES, EXPENDITURES, AND FUND BALANCE Code _..Deseription REVENUES AND OTHER FINANCING SOURCES. REVENUES 6000 LOCAL SOURCES MILLAGE INCREASE -0 Mills. 7000 STATE SOURCES 8000 FEDERAL SOURCES TOTAL REVENUES 9000 OTHER FINANCING SOURCES TOTAL REVENUES AND OTHER FINANCING ‘SOURCES. EXPENDITURES AND OTHER FINANCING USES EXPENDITURES 1000 INSTRUCTION 2000 SUPPORT SERVICES 3000 OPER OF NONINSTRUCTIONAL SVCS 4000 FACILITIES ACQ, CONST & IMPROVE SVCS TOTAL EXPENDITURES 5000 OTHER FINANCING USES. TOTAL EXPENDITURES & OTHER FINANCING USES EXCESS REVENUES AND OTHER FINANCING. ‘SOURCES OVER (UNDER) EXPENDITURES AND OTHER FINANCING USES. MAY 9, 2012 2010-14 Budget Amount $25,503,280 $10,236,964 $854,707 $36,681,964 30 _ $36,681,961 $19,516,470, $11,568,989 $679,228 30 $31,764,687 $5,167,378 $36,932,065 ($250,104) 2ort-r2 201249" Increase Final Proposed Final (Decrease) Amount Percent $25,171,452 06% $9,896,971 4.5% $213,142 32% $95,281,565 1% a) 0.0% $35,281,565 © 17% $19,698,453, 3.4% $11,183,171 17% $681,181 6.0% $0 0.0% 91,59275 27% $4,484,388 08% $36,017,163 24% ($735,598)NORTHWESTERN LEHIGH SCHOOL DISTRICT 2012-2013 PROPOSED FINAL BUDGET REVENUES AND OTHER FINANCING SOURCES. SUMMARIZED VARIANCES FROM 2011-2012 BUDGET CHANGE FROM CATEGORY KEY ASSUMPTIONS 2011-2012 TOCAU REVENUE Current Real Estate Tax Est assessment growth of $2M fom 7/11 10 4/12 8 99.147 Interim Real Estate Tax Reduction based on actual collections § (75,000) Real Estate Transfer Tax Reduction based on actual collections 8 (25,000) Delinquent Real Estate Tax Increase based on collection history 5 35,000 IDEA Increase based on praiminary notification from the IU 8 22,000 Contributions Increase based on expected EITC funding 8 85,000 All Other Local Sources (net) 8 13.314 LOCAL REVENUE-TOTAL CHANGE $ 184,401 ‘STATE REVENUE Student Achievement Education Block Grant New funding line item S 6924.497 Basic Education Funding Consolidated into SAEBG $103,537) Tuition for Secton 1305 & 1308 Reduction based on historical revenue 8 (20,000) Transportation Consolidated into SAEBG $ (1,040,000) Rental & Sinking Payments Increase based on scheduled debt payments s 15.000 Social Security Reimbursement Consolidated into SAEBG $ (631,125) Retirement Reimbursement Increase in Employer Contribution Rate to 12.26% s 296,800, STATE REVENUE-TOTAL CHANGE § 441,635 FEDERAL REVENUE Federal Sources (net) $ 258 FEDERAL REVENUE- TOTAL CHANGE $ 858 TOTAL REVENUE & OTHER FINANCING SOURCES _$ 602,954