Lincoln Public Schools

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This page can be found at http://www.lps.org/about/budget/default.html?
or by using the QR code to the right.

Thursday May 17, 2012 · 66° and fair in Lincoln

LPS Budget Information

Key Budget Dates for 2011-12 Budget:

November 9, 2010 Budget Discussion with Board of Education

January 11, 2011 Finance Committee Meeting to Discuss Draft of Budget Calendar

February 22 , 2011 Board of Education Meeting - Budget Calendar

Approx. April 10, 2011 Gross Assessed Valuations from County Assessor

April - June, 2011 Executive Committee Works with Board Finance Committee

May 17, 2011 State Aid Certification (per LB18)

June 8, 2011 End of Legislative Session

June 20, 2011 Budget Work Session, 5:00-7:00 p.m.

May-June Community/District Constituent Presentations

Presentation & Budget Forum at a School at Lefler Middle School (1100 S 48 Street) on June 27 from 7:00-8:00 p.m.

Presentation and Budget Forum at a School at Mickle Middle School (2500 N 67 Street) on June 29 from 7:00-8::00 p.m.

Presentations to Various Community/District Constituent Groups (Dates TBD)

Superintendent's Board of Advisors

Community Curriculum Council

LIBA (Lincoln Independent Business Association)

LPS Parent Leader Group

Lincoln Area Chamber of Commerce

Lincoln Neighborhood Alliance

July 1, 2011 2011/12 Budget Authority and Allowable Reserve Percentage Certification

July 19, 2011 Second Budget Work Session 5:00 p.m. at NASB (14th & Stockwell Street)

August 7, 2011 Publication of Budget Hearings/Forums (LPS and ESU 18)

August 16, 2011 Public Hearing/Budget Forum (6:00-6:45 p.m.) and Budget Approval (First Reading) at City/County Building (555 South Tenth Street)

August 20, 2011 Certified Assessed Valuation

August 23, 2011 Budget Approval (Second Reading/Action)

September 6, 2011 Publication of Property Tax Request Hearing

September 13, 2011 Property Tax Request Hearing and First Reading

September 27, 2011 Property Tax Request (Second Reading/Hearing)

Budget Public Hearing Presentation, August 16, 2011

The slide show presentation for the budget public hearing on August 16, 2011 can be viewed with the Acrobat reader. Click on "download slideshow" to view the materials.

August 16, 2011 Budget Public Hearing Presentation (Download slideshow)

Budget Work Session Presentation July 19, 2011

The slide show presentation from the budget work session on July 19, 2011 can be viewed with the Acrobat reader. Click on "download slideshow" to view the materials.

July 19, 2011 Budget Work Session Presentation (Download slideshow) and the ESU budget (Download handout)

Budget Forum Presentation 2011-12

The slide show presentation for the budget forums on June 27 and 29, 2011 can be viewed with the Acrobat reader. Click on "download slideshow" to view the materials.

June 27 and 29, 2011 Budget Work Session Presentation (Download slideshow)

Budget Work Session Presentation June 20, 2011

The slide show presentation from the budget work session on June 20, 2011 can be viewed with the Acrobat reader. Click on "download slideshow" to view the materials.

June 20, 2011 Budget Work Session Presentation (Download slideshow)

Questions and Answers about the 2011-12 Budget

The documents listed below gives a list of questions that have been asked about the 2011-12 Budget and answers to those questions. They can be viewed with the Acrobat reader. Click on "download QA " to view the materials.

Questons/Answers for 2011-12 Budget (Download QA1) Updated on July 19, 2011.

2011-2012 Lincoln Public School's Budget Tool Kit

The slide show is used to present Lincoln Public School budget and financial information in an easy to read format. Click on "download slideshow" to view with the Acrobat reader.

Executive Summary Excerpt:

Teachers and stuents in Lincoln Public Schools will continue to excel in the classroom and school activities during the 2011-2012 school year. In addition to developing a solid academic foundation in mathematics, literacy, and other basic academic skills, students will continue solving physics problems and working with calculus formulas, exploring science and world history, learning about other cultures and the global society, and developing an appreciation for the fine arts. Increased student achievement for all students through excellence in teaching and learning continues to be a clear expectation of the Lincoln community, and is the number one priority for Lincoln Public Schools.

State aid was certified on May 17,2011 for the 2011-12 budget. The Legislature in 2011 made a change to the state teacher retirement plan to increase contributions in 2011-12 by .6% and in 2012-13 by an additional .9%. With increasing expenditures and an uncertain source of future state funding, Lincoln Public Schools must carefully plan for the coming years. There are many questions about the future of financing public education in Nebraska that remain to be answered by the legislature.

Lincoln Public Schools (LPS) faces both challenges and opportunities in the coming year, and does so with a pledge to continue providing quality education for all students. Educators will keep a clear focus on teaching, learning, and student achievement. The Board of Education and administration will continue to focus on providing a quality education for a growing population of students with increasingly diverse needs.

The 2006 voter approved $250 million school bond issue funds coupled with additional available funding has enabled the Lincoln Public Schools to complete all 28 originally identified projects on time and on or below budget. Beginning in the fall of 2010, all of the school facilities are air conditioned. The favorable bidding climate and careful project management has allowed work to continue on additional projects. Approval of Phase II and Phase III of the ten-year facilities plan authorized the District to seek additional limited obligation bonds which were approved as part of the Federal Stimulus Plan (ARRA, 2009) and will provide for funding of the proposed projects while slightly reducing the levy in the Qualified Purpose Undertaking fund.

Continued growth in student population requires the addition of facilities. Lincoln Public Schools will have new additions, renovations, and air quality upgrades at a number of school facilities as well as beginning the design and contruction of Kloefkorn Elementary School in southeast Lincoln and a fourth and fifth grade elementary center on the Roper Elementary site. The District will incur additional costs for ongoing operations.

More students arrived at LPS in the 2011-12 school year. Textbooks and school supplies will cost more. The cost of utilities, fuel for buses and other operational costs will continue to rise. There will be an increase in the number of students who speak languages other than English, who have special needs, and who are living in poverty.

The LPS General Fund expenditure budget of $320,831,160 for the 2011-2012 school year represents a 2.0% increase from the previous year’s budget. This budget allocates 82.9% to instruction. This is consistent with the school district’s emphasis on teaching, learning, and increasing student achievement for all students. The assessed valuation increased 0.19%. The total 2011-12 LPS property tax levy remained flat when compared to the 2010-11 levy.

If you would like to view the entire executive summary including the charts and graphs, click here (View Executive Summary). You can view the budget document by clicking on the link above.

 

 

View the 20011-2012 Annual Budget Information

View the 20010-2011 Annual Budget Information

View the 2009-2010 Annual Budget Information

View the 2008-2009 Annual Budget Information