Lusher Charter School Advocates for Arts--Based Education Corp. "CeZebm.z'z'72g dz'aem'?y Ibmug/2 /Jig/9 c2c'czdei72z'c.r and the am" BUDGET MESSAGE Fiscal Year 2014 Lusher Charter School is a Kindergarten through 12th grade New Orleans Public Charter School located in uptown New Orleans and operated by the non--profit Advocates for Arts--Based Education Corporation. Lusher Charter School has been in the vanguard of innovative and successful educational institutions in Louisiana. Using a collaborative site-based leadership structure, Lusher faculty have implemented cutting-edge reforms in arts--based education, monitored and integrated the latest developments in neurological and brain research, designed positive discipline programs to build a strong school culture, and implemented a research based systematic approach to literacy and numeracy instruction. Its strong programs in academics, arts, and athletics give students the opportunity to explore and develop their talents while preparing for a college education. This budget is based on an anticipated enrollment for the 20 13 2014 school year of 1,715 students. The vast majority of Lusher's revenue is from local ad valorem taxes, local sales taxes, and minimum foundation funding provided by the State of Louisiana. Orleans Parish School Board is not anticipating any increases in funding from last school year; this budget is based on a per pupil amount of $8,168. While Lusher does not expect any increase in revenue, this budget is based on confirmed expense increases. In particular, employee benefit costs for Lusher's 174 full time employees continue to increase. Lusher employees are required to be enrolled in the Teachers Retirement System of Louisiana. The employer contribution rate for TRSL has risen dramatically over the years, from 15.9% in fiscal year 2006 to 24.5% for fiscal year 2013 to 27.2% for fiscal year 2014. FY14 will be the first year for Lusher to implement pay raises based on performance and required by Louisiana Act 1. Overall, salaries and benefits comprise 79% of all budgeted expenditures. een Riedlinger, CEO 09 lOk5'll3 Lyndeu ?2'vayze, CFO Elemeafagx Camper.' 7515 Sm-er, New Orfemrr, Lnzziriaea 7 18, Telabbene (504) 862-5 7 Fax (504) 8664292 Cafigbm': 5342 C/Jarier Avenue, ea>> Orieam, 70175, Teiepbeae (504) 648-2444, Fax (504) 648-2465' Middle mm' Higb 5624 Freret Street, New On/earn, Loeririarsa 70135, Tefepberze (504) 504-3960, Fax (504) 86 7-1839 22222212>>. imberrebe 01 erg AABE/Lusher Charter School Annual Budget Fiscal Year 2014 Item REVENUES Local Local- Constitutional Tax Local- Interest on Investments Other Miscellaneous State State Public School Fund (MFP) State Fede ral EEF Gulf Coast IDEA Title 11 TOTAL REVENUE EXPENDITURES eacher Clerica11"Secretarial 'des Service Workers Skilled Crafts Degreed Professionals Substitute Employees Stipend Pay Group Insurance Social Security Medicare Retirement nemployrnent Worker's Compensation Other Prof;'Tech Services Services Auditffitccounting Services Fingerprinting/Background Checks Total Professional Technical Services FY14 Budget L.A.U.G.H. Source! Obj ect Code 1994 1510-1516 1710- 1999 3110 3230 3293 4590 4531 4545 111 112 113 114 115 116 117 118 123 150 Total Salaries 210 220 225 231 250 260 Total Benefits 300 332 333 339 FY14 Budget based on 1,715 students FISCAL YEAR 2014 BUDGET GENERAL FUND 6,802,075 45,000 1,407,247 7,269,885 10,695 15,534,902 1,114,562 6,258,860 976,120 553,351 192,767 27,653 149,642 249,079 115,337 9,633,426 663,390 17,953 139,757 2,542,369 13,334 62,643 3,445,501 36,400 9,000 46,000 3,900 204,599 ANNUAL BUDGET 6,802,075 45,000 1,407,247 7,269,335 10,695 39,631 90,133 96,112 15,760,323 1,1 14,562 6,293,491 976,120 553,351 253,967 27,653 149,642 249,079 115,337 24,950 9,769,207 672,815 17,953 141,079 2,567,662 14,118 63 ,000 3,476,632 41,200 9,000 46,000 3,900 209,399 FISCAL YEAR 2013 Estimated Actual GENERAL FUND 6,726,435 44,653 1,152,552 7,197,323 12,433 15,133,901 1,001,121 6,1 15,317 362,729 564,903 229,323 34,555 46,433 135,722 139,339 5,040 9,135,042 693,575 13,722 126,652 2,336,779 16,133 43,955 3,295,316 230,145 3,244 46,000 3,937 233,376 SPECIAL REVENUE FUND ANNUAL BUDGET 6,726,435 44,653 1,152,552 7,197,323 12,433 39,631 32,251 35,132 142,034 1 5,4 83,049 1,003,625 6,169,930 362,729 564,903 293,729 34,555 46,433 135,722 139,339 17,540 9,323,610 702,225 13,722 127,536 2,410,442 16,133 49,374 3,324,432 232,645 8,244 46,000 3,937 290,876 1of2 Item L.A.U.G.H. Source/' GENERAL ANNUAL GENERAL ANNUAL Object Code FUND FUND BUDGET FUND FUND BUDGET aste Disposal 421 10,500 10,500 10,333 Custodial 423 275,000 275,000 425,447 425,447 Repairs and Maintenance 430 172,001 172,001 213,018 213,013 Renting Land Buildings 441 154,400 154,400 156,011 156,011 Equipment Rental 442 33,000 33,000 30,628 30,628 Other Pureh Property Services 490 65,000 65,000 72,266 72,266 Total Property Services 710,701 710,701 907,703 907,703 Student Transportation 5 19 1nsurance- Liability 5 21 92,000 92,000 67,655 67,655 110,000 110,000 81,133 81,133 13,000 13,000 29,592 29,592 79,750 79,750 114,014 115,759 7,000 7,000 6,639 6,639 6,500 6,500 6,522 6,522 51,450 51,450 67,880 67,880 6,000 6,000 6,000 6,000 14,800 51,709 5,887 119,998 125,885 198,000 198,000 140,313 140,313 521,439 521,439 525,140 525,140 1,099,939 1,136,848 1,050,775 121,743 1,172,518 Insurance- Property 522 Communications 530 dvertising 540 003 550 ood Service Management 5 70 ile-age Allowance 5 8 1 Travel Reimbursements 5 82 Services Purchased Locally 590 Services Purchased from LEA 596 Total Other Purchased Services Materials Supplies 610 549,352 571,657 537,844 57,671 595,515 Supplies 615 103,000 103,000 23,723 23,723 Natural Gas 621 5,000 5,000 4,684 4,684 622 220,000 220,000 213,901 213,901 Library Books 641 5,000 5,000 - -- extbooks 642 105,000 105,000 104,274 104,274 Total Supplies 987,352 1,009,657 884,426 942,097 Equipment- Maintenance 730 10,000 10,000 - - TBCWOIOEY 30fiWa1"e 73 5 12,000 12,000 14,850 14,850 Total Property 21,999 21,999 14,850 14,850 Dues Fees 810 46,800 46,800 46,091 46,091 Miscellaneous Expenditures 890 21,500 21,500 24,061 24,061 Total Miscellaneous 5 68,300 -- 68,300 70,152 - 70,152 TOTAL EXPENDITURES 16,176,818 225,926 16,402,744 15,697,140 349,148 16,046,288 Total Revenue 15,534,902 225,926 15,760,828 15,133,901 349,148 15,483,049 Less: Total Expenditures $06,176,818) (225,926) $06,402,744) $05,697,140) (349,148) $06,046,233) Excess (Deficiency) of Revenues Over Expendi (641,916) - (641,91 (563,239) - (563,239) AABE!Lusher FY14 Budget 2 of 2