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School Budget Consortium Presentation

Learn about Cape Cod Tech's budget increase, cost drivers, revenue sources, student enrollment trends, and more for the coming fiscal year. Get insights into unique regional school district financial aspects and key budgetary considerations.

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School Budget Consortium Presentation

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  1. School Budget Consortium Presentation Cape Cod Regional Technical High School January 28, 2014

  2. Cape Cod Tech Finance Committee Paul Sullivan – Brewster (Chair) Joan Bentinck-Smith – Barnstable Ann Williams – Barnstable Stefan Galazzi – Orleans Anthony Tullio – Wellfleet Buck Upson – Chatham

  3. The FY15 Increase Five Year History $13,908,300 2.98% or a $402,395 increase

  4. Costs Unique to a Regional School District

  5. What is the Money Used For?

  6. What is the Money Used For?

  7. Where Does the Money Come From?

  8. Revenue Source vs. The Operating Budget

  9. What Does it Cost to Educate a Child Each Day?

  10. Why a 2.98% Increase

  11. Budget Cost Drivers Salaries & Benefits account for 73% of the FY15 budget

  12. Student Enrollment Per Town *Enrollment as of 10/1/13

  13. Student Enrollment Change *Based upon 10/1/13 reported enrollment data

  14. Student Enrollment Trend

  15. The Chapter 70 Formula & Minimum Contributions ** FY14 minimum is the later reported revised figures

  16. FY15 Assessments *FY15 Assessment based upon 10/1/13 enrollment data

  17. Other Issues Facing Cape Cod Tech • Mass. School Building Authority visit on February 5th, 2014 to tour the building and SOI. • Building Stabilization Fund • Questions?

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