Lynbrook Talks Budget at BOE Meeting

Submitted by Lynbrook Schools

The Lynbrook Public Schools held the second of its two budget work sessions, during which detailed summaries of expenditures, revenues and reserves were provided.

Assistant Superintendent for Finance, Operations and Information Systems Dr. Paul Lynch discussed these areas of the proposed 2015-16 budget, which is still in the development phases with Board adoption anticipated for March 11.

The proposed 2015-16 budget is $79,373,791 and carries a 2.78 percent increase over that of the current school year. The estimated tax levy of $67,471,251 represents an increase of 1.677 percent and meets the District’s maximum allowable tax levy. Budget expenditures are partially offset by the District’s anticipated state aid revenue of $8,358,442, a number that is still subject to change, as well as projected local revenue of $2,044,098 and a projected $1,500,000 of applied fund balance.

In addition to the budget, which is the first proposition, voters will be asked to consider three others when they go to the polls on May 19. Proposition Two is for use of the Technology Replacement Fund Reserve, which would apply existing monies to replace various technological devices and infrastructure. Proposition Three is for use of the Capital Reserve and Renovation and Improvement of Facilities Fund to complete projects in the school buildings. Voter authorization is required in order for the District to move forward in using its existing monies to complete the projects outlined in these propositions, both of which have no impact on the upcoming tax levy. Proposition Four is for the establishment of a new capital reserve to replace the current one that is nearing the end of its life cycle.

The budget will maintain class sizes and programs while enhancing curriculum to better prepare students for successful futures. The first budget work session, held on Feb. 4, focused on staffing and curriculum changes. To view the full presentations from either of the two sessions, please visit the district website here.

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