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Pupil Services: FY14

Pupil Services: FY14. Support of non-instructional programs in the District; athletics, nurse ’ s office, student activity. Total Expenditure. Expenses. Excess and Deficiency. No Excess and Deficiency (E&D) is available for FY14

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Pupil Services: FY14

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  1. Pupil Services: FY14 • Support of non-instructional programs in the District; athletics, nurse’s office, student activity

  2. Total Expenditure

  3. Expenses

  4. Excess and Deficiency • No Excess and Deficiency (E&D) is available for FY14 • In mid-January, formal notification of the District’s FY12 E&D from DOR reported the amount as a negative figure ($837,774) • According to DOR this negative E&D will not impact the District’s next year certification of E&D from FY13 • FY 2012 closed with a deficit of approximately ($186,693) which rolled over and will need to be addressed by the end of FY 2013

  5. Chapter 70 and Other State Aid • FY14 foundation budget includes • Small per pupil increases • Clearance of the cap for reporting preschool students • Significant increase per pupil for special education out-of-District students

  6. Minimum Local Contribution • Based on changes in the FY14 foundation formula, four out of five member towns will see a decline in MLC • Due to increased enrollment and being below target share, Rutland will experience another large increase in MLC

  7. Transportation Assessment • Based on 2013-2014 contract rates with Atlantic Express/McCarthy Bus • Includes special education summer transportation but does not include any late buses (approximately $130,000) • Transportation costs (-) state aid = assessment

  8. Debt Service Assessment • Principal and Interest (P&I) payments totaling $34,086,275 for the high school (based on WRHS student counts) • P&I based on $1 million for Jefferson School remediation

  9. Operational Assessment • Amount needed to meet FY14 contract salaries, employee benefits, and educational program needs

  10. Local Revenues • Miscellaneous revenue includes special education transportation reimbursements • Investments earning less than 1% (.20% and .37%)

  11. Total Assessments to Towns • Total assessment decline in Princeton due to the significant drop in MLC • Holden, Paxton, Rutland, and Sterling experiencing increases

  12. Revenues

  13. Thoughts? www.wrsdbudget.net

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