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The 2014–2015 Budget Process

 

Tuesday, April 29, 2014 — Special Board Meeting 6:00 p.m.

Budget Workshop
First Reading of the 2014–2015 Budget

 

04-22-2014 Public Notice

04-29-2014 Meeting Agenda

Chief Financial Officer John Butler’s Presentation

Lexington One begins 2014–2015 budget process

 

 

 

Tuesday, May 20, 2014 — Board Meeting 7:30 p.m.

Second Reading of the 2014–2015 Budget

 

 

Tuesday, June 24, 2014 — Board Meeting 7:30 p.m.

Third Reading of the 2014–2015 Budget

 

  

The 2013–2014 Budget Process

Tuesday, June 25, 2013 — Board Meeting 7:00 p.m.

Budget Public Hearing and Third Reading of the 2013–2014 General Fund Budget

Lexington One board approves 2013–2014 budget

Lexington County School District One administrators presented a third reading of the district’s 2013–2014 general fund operating budget at a public hearing held at 7 P.M. Tuesday, June 25, 2013. The Lexington County School District One Board of Trustees approved the district’s 2013–2014 general fund operating budget at the board meeting that followed the public hearing.

The district’s general fund operating budget provides funding for the day-to-day operations of the district such as paying salaries, insurance and utilities and purchasing supplies, materials and services.

The third reading of the budget included a projected $202,963,901 general fund operating budget for next year based on preliminary projections for revenue based on historical data, the House and Senate versions of the state budget, and preliminary local assessment projections from the county. In 2013–2014 General Appropriations Bill put forth by the legislature, districts will continue to be funded slightly above the 2000–2001 school year Base Student Cost using a more than decade old student funding level. The district will base its final budget on the state’s final budget.

The projected $202,963,901 in proposed operating expenditures consists of about 86.8 percent salaries and related costs, 6.3 percent for programs and services, and 6.9 percent for utilities and maintenance.

This is an increase of $12,743,814 (6.7 percent) over Lexington One’s current operating budget for 2012–2013 of $190,220,087. The majority of the increase is for salary increases and related costs, inflation and startup costs for new schools. The proposed budget shows an increase of about $6.2 million in employee salaries (average 2% step increase) and related costs (a 6.4% increase over last year’s budget) and an increase of about $2.1 million in programs and services (an 8.5% increase over last year’s budget). The district’s budget focuses again on instruction with only two percent going toward district leadership and only five percent going toward school leadership.

It also adds 88.65 positions (to accommodate the opening of River Bluff High School, to begin preliminary staffing for upcoming Deerfield Elementary and to accommodate student growth across the district); includes a step increase for all employees (about $2.5 million); incudes health and retirement increases (about $2 million); incorporates an increase in accounts payable to cover increases in utilities, supplies, materials and services (about $2.1 million); focuses on maintaining student to teacher ratios; transfers allowable costs to capital funds; expands the district’s elementary safety pilot to all elementary schools; and budgets an additional $2 million from fund balance over the amount budgeted last year ($8 million total).

The district continues to be sensitive to the impact of a tax increase on small businesses and did not raise millage last year. However, this year the proposed budget adds 11.56 mills in order to fund the positions needed to open new schools, to expand the elementary school safety pilot to all elementary schools, to fund 17 new teachers to accommodate student growth across the district (unassigned), and to pay some start-up costs for new schools. (River Bluff High School opens this fall, while Deerfield Elementary School opens in the fall of 2014.)

Since Act 388, owner-occupied homeowners do not pay school operations tax. However, a taxpayer with a business valued at $100,000 would see his taxes increase about $69 ($100,000 ÷ 1,000 X .06 percent assessment rate X additional mills). Each mill brings in about $224,000 in revenue to the district. The district currently levies 259.9 mills for operations. 

06-25-2013 Public Notice

06-25-2013 Meeting Agenda

Chief Financial Officer John Butler’s Presentation

Lexington One board approves 2013–2014 budget

Fees for 2013–2014

Lexington One’s Approved 2013–2014 budget

 

Tuesday, May 21, 2013 — Board Meeting 7:30 p.m.

Second Reading of the 2013–2014 Budget

Lexington One continues 2013–2014 budget process with second reading

Lexington County School District One administrators continued the district’s 2013–2014 budget process by presenting a second reading of the proposed 2013–2014 general fund operating budget at its May 21 monthly board meeting.

The district’s general fund operating budget provides funding for the day-to-day operations of the district such as paying salaries, insurance and utilities and purchasing supplies, materials and services.

From the first to the second reading, the proposed budget grew $300,000 as district administrators worked to identify about $300,000 in additional revenue. This additional revenue will enable the district to hire another five teachers.

In the second reading of the budget, Lexington One administrators recommended a projected $202,963,901 general fund operating budget for next year based on preliminary projections for revenue based on historical data, the House version and Senate Finance Committee version of the state budget, and preliminary local assessment projections from the county. In the proposals put forth by the legislature so far, districts will continue to be funded slightly above the 2000–2001 school year Base Student Cost using a more than decade old student funding level. The district will base its final budget on the state’s final budget.

The projected $202,963,901 in proposed operating expenditures consists of about 86.8 percent salaries and related costs, 6.3 percent for programs and services, and 6.9 percent for utilities and maintenance.

This is an increase of $12,743,814 (6.7 percent) over Lexington One’s current operating budget for 2012–2013 of $190,220,087. The majority of the increase is for salary increases and related costs, inflation and startup costs for new schools. The proposed budget shows an increase of about $6.2 million in employee salaries (average 2% step increase) and related costs (a 6.4% increase over last year’s budget) and an increase of about $2.1 million in programs and services (an 8.5% increase over last year’s budget). The district’s budget focuses again on instruction with only two percent going toward district leadership and only five percent going toward school leadership.

It also adds 88.65 positions (to accommodate the opening of River Bluff High School, to begin preliminary staffing for upcoming Deerfield Elementary and to accommodate student growth across the district); includes a step increase for all employees (about $2.5 million); incudes health and retirement increases (about $2 million); incorporates an increase in accounts payable to cover increases in utilities, supplies, materials and services (about $2.1 million); focuses on maintaining student to teacher ratios; transfers allowable costs to capital funds; expands the district’s elementary safety pilot to all elementary schools; and budgets an additional $2 million from fund balance over the amount budgeted last year ($8 million total).

The district continues to be sensitive to the impact of a tax increase on small businesses and did not raise millage last year. However, this year the proposed budget adds 11.56 mills in order to fund the positions needed to open new schools, to expand the elementary school safety pilot to all elementary schools, to fund 17 new teachers to accommodate student growth across the district (unassigned), and to pay some start-up costs for new schools. (River Bluff High School opens this fall, while Deerfield Elementary School opens in the fall of 2014.)

Since Act 388, owner-occupied homeowners do not pay school operations tax. However, a taxpayer with a business valued at $100,000 would see his taxes increase about $69 ($100,000 ÷ 1,000 X .06 percent assessment rate X additional mills). Each mill brings in about $224,000 in revenue to the district. The district currently levies 259.9 mills for operations.

05-21-2013 Public Notice

05-21-2013 Meeting Agenda

Dr. Karen Woodward’s Opening Remarks

Chief Financial Officer John Butler’s Presentation

Lexington One continues 2013–2014 budget process with second reading

Proposed 2013–2014 Budget Summary

Proposed fees for 2013–2014

 

Tuesday, May 7, 2013 — Special Board Meeting 6 p.m.

Budget Workshop
First Reading of the 2013–2014 Budget

Lexington One begins 2013–2014 budget process

On Tuesday, May 7, 2013, at 6 P.M., Lexington County School District One administrators presented a proposal for funding the district’s 2013–2014 general fund operating budget at a special budget workshop held for the district’s Board of Trustees.

The district’s general fund operating budget provides funding for the day-to-day operations of the district such as paying salaries, insurance and utilities and purchasing supplies, materials and services. The budget, as it appears at the budget work session/first reading, is merely a projection. The district has made preliminary projections for revenue based on historical data, the House version and Senate Finance Committee version of the state budget, and preliminary local assessment projections from the county.

In the workshop, which serves as first reading, Lexington One administrators recommended a $202,663,901 general fund budget — about a 6.5 percent increase over Lexington One’s current operating budget for 2012–2013 of $190,220,087. The projected $202,663,901 in proposed operating expenditures consists of about 86.9 percent salaries and related costs, 6.2 percent for programs and services, and 6.9 percent for utilities and maintenance.

The proposed budget shows an increase of about $6.2 million in employee salaries and related costs (a 6.4% increase) and an increase of about $1.9 million in programs and services (a 7.7% increase).

It also adds 83.65 positions (to accommodate the opening of River Bluff High School, to begin preliminary staffing for upcoming Deerfield Elementary and to accommodate student growth across the district); includes a step increase for all employees (about $2.5 million); focuses on student to teacher ratios; transfers allowable costs to capital funds; expands the district’s elementary safety pilot to all elementary schools; and budgets an additional $2 million from fund balance over the amount budgeted last year ($8 million total).

The district anticipates that it would need to add 11.56 mills to fund the budget as it currently appears. Since Act 388, millage is not added to owner-occupied homes but only to business. A resident with a business valued at $100,000 would see taxes increase about $69 ($100,000 X .06 percent assessment rate X additional mills). Each mill brings in about $224,000 in revenue to the district. The district currently levies 259.9 mills for operations.

05-07-2013 Public Notice

05-07-2013 Meeting Agenda

Chief Financial Officer John Butler’s Presentation

Lexington One begins 2013–2014 budget process

 

Other Financial Information

What is In$ite?

SCDOE In$ite Data for Fiscal Year 2012 Abbeville–Greenwood 52

SCDOE In$ite Data for Fiscal Year 2012 Hampton 1–York 4

SCDOE Fiscal Year 2012 In$ite Data State Totals

 

Transparency

To comply with Section 1.43 of Part I.B of the Appropriations Act of 2009 (Act 23 of 2009), Lexington County School District One is posting monthly expenditures.

 

Funding Flexibility — Joint Resolution 4299/Provisos 1.43, 1.50 and 1A.23

2012–2013 Funding Flexibility Report

2011–2012 Funding Flexibility Report

2011–2012 Funding Flexibility Report

2010–2011 Funding Flexibility Report

2009–2010 Funding Flexibility Report

2008–2009 Funding Flexibility Report

 

Administrative Cost Reporting — Appropriations Act H-63 section 1.68

2012–2013 Administrative Cost Report

 
 
 
 

 

 
 
 
Lexington County School District One | 100 Tarrar Springs Road, Lexington, SC 29072 | Phone: 803-821-1000 Fax: 803-821-1010 Social Media Facebook Twitter YouTube Disclaimer
 
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