Presentation on theme: "Rockland Public Schools Budget FY 15 April 28, 2014."— Presentation transcript:
Rockland Public Schools Budget FY 15 April 28, 2014
Budget process Final budget number is the end product of a dialogue among District Administration, School Committee, Town Accountant and Finance Committee. Once this budget is approved at Town Meeting, schools live within this budget.
Preliminary Budget $21,487,831 6% increase Approved December 9, 2013
Budget History The district faced budget issues this year due to loss of revenue and increased costs Revenue: Circuit breaker -$200,000 Federal and State -$100,000 Grants
Budget History Costs: Increased utilities: $200,000 Increased SPED: $150,00 cost Total: $650,000 An attempt to mitigate these issues through an override failed.
70/30 split Under the 70/30 split, Rockland Public Schools receives 70% of any new income to the town after fixed costs. This has been and continues to be beneficial to the district. However included in this is any increase in costs associated with the Voc. Tech and Norfolk Aggie.
Town appropriation FY 15 $966,000 additional funding available to the schools $142,052 increase in vocational costs Net increase of $824,073 = 4.15%
Electricity Because of the town solar field, the town is taking over all electricity costs. This will deduct $305,000 from our budget but eliminate the electricity line item. New budget number with this taken into account: $20,790,613