Lincoln Public Schools

Friday May 09, 2008 · 61° and cloudy in Lincoln

LPS Budget Information

Budget Calendar:

February 27, 2007 Budget Calendar - Information Item

March 6, 2007 Budget Work Session (7:00 p.m.)

March 13, 2007 Levy Exclusion for Temporary Aid Adjustment (First Reading) and 1% Additional Authority Public Hearing and First Reading

March 27, 2007 Levy Exclusion for Temporary Aid Adjustment (Second Reading/Action) and 1% Additional Authority (Action)

April 1, 2007 Publication of Budget Hearing/Forum (LPS and ESU 18)

April 10, 2007 Public Hearing/Forum (6:00-6:45 p.m. at LPSDO)

April 24, 2007 Budget Approval (First Reading)

May 8, 2007 Budget Approval (Second Reading/Action)

September 18, 2007 Publication of Property Tax Request Hearing

September 25, 2007 Property Tax Request (First Reading)

October 9, 2007 Property Tax Request Hearing and Second Reading/Action

Budget Work Sessions for 2007-08

The slide show presentations from the budget work sessions can be viewed with the Acrobat reader. Click on "download slideshow" to view the materials.

March 6, 2007 Work Session on the General Fund Budget (Download slideshow)

Budget Work Sessions from 2006-07

May 23, 2006 Work Session on the Business Affairs Budget (Download slideshow)

June 27, 2006 Work Session on the Human Resources and Board of Education/Superintendent Budgets (Download slideshow)

June 28, 2006 Work Session on the Instruction Budget (Download slideshow)

July 24, 2006 Work Session on the General Fund Budget (Download slideshow)

August 1, 2006 Work Session on the General Fund Budget (Download slideshow)

2007-2008 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 2007-2008 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.

Past state legislation will continue to impact funding for Lincoln’s public schools in the fiscal year 2007-2008. Each year since 2002-2003, Nebraska's state aid to school program has included a provision that reduced state aid, but allowed local school districts, through a three-fourths majority vote of their board of education, to replace the lost state revenues with local property tax dollars. The 2007-2008 school fiscal year is the final year for this "temporary aid reduction", and so is hoped to be the end of the current trend of declining state aid as a share of the district's total General Fund revenues.

LPS therefore, faces both challenges and opportunities in the coming year, and does so with a pledge to continue providing quality education for all of our students. Educators will keep a clear focus on teaching, learning, and student achievement. The Board of Education and administration will conintue to focus on providing a quality education for a growing population of students with increasingly diverse needs. All of this will be done with a focus on making the most efficient and effective use of the resources entrusted to us by our patrons, including the resources provided by a $250 million school bond issue approved by the voters in February, 2006..

More students will arrive at LPS in the 2007-2008 school year. Textbooks and school supplies will cost more. The cost of utilities, fuel for buses and other operational costs will coninue 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 $277,634,810 for the 2007-2008 school year represents a 4.84% increase from the previous year’s budget (not including Early Childhood Education of $822,720). This budget allocates 83.4% of the budgeted funds to instruction. This is consistent with the school district’s priority emphasis on teaching, learning, and increasing student achievement for all students. The total LPS levy decreased by less than $0.01 (one cent per one hundred dollars of assessed valuation)..

You can view the budget document by clicking on the link above.

 

 

View the 2007-2008 LPS Budget