The Lancaster Central School District (LCSD) held its first budget work session Monday night. The budget work session was attended by two residents.

Operations and Maintenance - Walter Foltarz and Jamie Phillips (Asst Superintendent for Business & Support Services)

Operations

$5.053 million

$73,800 (1.48%) increase in budget from 2014-15 entirely due to non instructional salary increases.

Maintenance

$2.03 million

$26,649 increase (1.33%) - $23,376 due to salary increases

Transportation – R. Mowery/ Jamie Phillips

$5.75 million

$112,524increase (2.00%) from last budget - $85,814 from salary increases, $$13,161 fleet insurance increase, $6,606 equipment

Bus Garage Building

$192,819

$1,386 increase (0.72%) from 2014-15 budget – from salary increases

Contract Transportation - Contractual Expenses

$674,617

$25,947 increase (4.0%)

Total Transportation
$6.62 million
$139,667 increase from 2014-15 budget (2.16%)

Employee Benefits

$27.11 million

Budget / Increases and decreases:

$5.28 million: (-) $793,032 Teacher Retirement decrease (13.07%) – as the Stock market continues doing well LCSD now paying 13.5% of teacher staff salaries into the NYSTRS system instead of 17.75%

$3.14 million: $320,175 increase (11.35%) in employee retirement system (NYSERS -non instructional) contributions – LCSD will now contribute 18% of staff salary to the system instead of 20.4%

$4.09 million: $119,000 increase (3%) for Social Security – from contractual increases in salaries

$1.26 million: $370,471 increase (41.45%) in Workers Compensation – state adopted new formula rating system (LCSD rated experienced) that changed calculations and increased premium expense. LCSD looked at self funding, but not feasible at this time.

$10.65 million: $429,000 increase (4.20) in Hospital and Medical expenses – would have been higher but offset by 1% increase in employee contributions

$1.79 million: $162,000 increase (10%) for dental insurance – industry standard

$180,503: increase of $18,050 (10%) – industry standard

Total budget increase of $634,301 (2.40%) from 2014-15 budget

Debt Service

$5.69 million

$491,152 increase (9.45%). LCSD expects that to be offset by state building aid and use of debt service reserves. The 9.45% increase on paper is covered on the revenue side. Principal payment and interest due next year for current project issue. BAN just financed in June to pay down the current $19 million building project. The state aid for that project also kicks in next year.