MINUTEMAN FY15 BUDGET DOVER

March 5, 2014

March 5, 2014Presented by: Kevin F. MahoneyAssistant Superintendent of Finance

FY15 BUDGET

Overall – FY15 Budget

Proposed FY15 Budget = $19,645,065

• Increase in Overall Budget = 5.9%• Increase to Member Assessments = 3.8%

% Year Average Overall Assessment

Increase = 1.0%/Year

[3]

Budget Drivers

• Enrollment Increase (35+ students, 6%)• Increase Special Education Costs• Direct Support to Students• Unfunded Mandates (PARCC & DESE Evaluation

System)• Collective Bargaining Agreement• Health Insurance (10% Increase)• Capital – Bridge Projects

[4]

FY15 Proposed Budget By State Function Code

[5]

ACCOUNT CODE ACCOUNT DESCRIPTION FY2012

BUDGETFY2013

BUDGETFY2014

BUDGETFY2015

PROPOSED FY14 – FY15DIFFERENCE

1000 Administration $1,097,608 $1,321,287 $1,421,327 $1,821,306 $399,979

2000 Student Instructional Services $8,179,903 $8,536,430 $9,093,849 $9,804,463 $710,614

3000 Student Services $1,767,051 $1,895,805 $1,987,161 $2,078,210 $91,049

4000 Operation & Maintenance $1,740,683 $1,755,494 $1,716,695 $1,835,044 $118,349

5000 Insurance, Retirement, Leases $2,603,425 $2,767,420 $2,883,584 $2,961,579 $77,995

6000 Community Services $100,000 $100,000 $100,000 $100,000 $0

7000 Asset Acquisition & Improvement $507,930 $433,688 $892,163 $550,985 ($341,178)

8000 Debt Service $438,873 $441,589 $452,318 $463,477 $11,159

9000 Tuition Payments $0 $0 $0 $30,000 $30,000

  GENERAL FUND $16,435,473 $17,251,713 $18,547,098 $19,645,065 $1,097,967

Estimated Revenue Plan

[6]

  FY2012 FY2013 FY2014 FY2015 FY14-FY15 DIFFERENCE

Assessments $9,178,552 $9,572,041 $9,891,196 $10,270,150 $378,954

Chapter 70 Aid $2,113,037 $2,110,172 $2,155,902 $2,166,677 $10,775

Transportation Reimbursement $550,000 $600,000 $600,000 $760,241 $160,241

Prior Year Tuition $2,793,400 $3,700,000 $5,100,000 $5,965,997 $865,997

Current Year Tuition $1,480,984 $900,000 $600,000 $382,000 ($218,000)

Special Education Tuition Increase $0 $0 $0 $0 $0

Post Grad Tuition $75,000 $125,000 $100,000 $0 ($100,000)

Current Year Medicaid $34,500 $34,500 $0 $0 $0

Current Year Interest $10,000 $10,000 $0 $0 $0

E & D Budget Appropriation $200,000 $200,000 $100,000 $100,000 $0

  $16,435,473 $17,251,713 $18,547,098 $19,645,065 $1,097,967

Projected Capital Expenditures

[7]

PROJECT SCOPE OF WORK ESTIMATE

D COST

Building and Grounds Repairs/Improvements

Repairs to access road and parking lots; replace guard rails and light fixtures as necessary

$133,000

Replace the floor in the IRC $52,000

Replace the telephone/voice mail/communications system $91,000TOTAL - Building and Grounds Repairs/Improvements $276,000

Building Maintenance

Replace shower units - Boys locker room $7,000

Replacement of interior doors $16,000

Replace flooring in hallways (3N10, 3S10 and 3S20) $30,000

Update 5 bathrooms $9,875TOTAL - Building Maintenance $62,875

Vehicles

Lease additional 14 passenger School Bus $2,000Purchase 7 Passenger van for administrative use (Professional Development, recruitment, etc.)

$18,000

TOTAL - Vehicles $20,000

Shop/Program Equipment

Copy Machine - Annual leases $65,000

Replace School Lunch Registers $15,135

Departmental Equipment $11,975TOTAL - Shop/Program Equipment $92,110

Stabilization FundAnnual Funding - Stabilization Fund $100,000

TOTAL - Stabilization Fund $100,000

TOTAL - Capital Repairs/Improvements $550,985

Out-of-District Tuition Revenue

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*Estimated based on first semester invoices.

FY10 FY11 FY12 FY13 FY14*$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$4,334,015$4,542,121

$5,228,572

$6,046,726$6,335,817

Assessments to Member Towns

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FY2010 FY2011 FY2012 FY2013 FY2014 FY2015

As-sess-ment

$9,974,116 $8,680,359 $9,178,552 $9,572,041 $9,891,196 $10,270,150

$7,750,000

$8,250,000

$8,750,000

$9,250,000

$9,750,000

$10,250,000 $9,974,116

$8,680,359

$9,178,552

$9,572,041

$9,891,196

$10,270,150

Dover Estimated Assessment

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FYTotal FTE Students

AssessmentPer Pupil HS

Avg Cost

Per Pupil HS Avg Sped

CostTransportation Capital

Total Assessment

2015 1 $24,041 $19,541 $24,041 $1,490 $12,267 $37,798

2014 2 $45,508 $18,254 $22,754 $3,973 $18,049 $67,530

2013 2 $46,732 $18,866 $23,366 $3,204 $10,637 $60,573

2012 1 $21,837 $17,337 $21,837 $1,465 $16,900 $40,202

2011 1 $25,916 $16,429 $20,929 $1,631 $4,987 $32,534

ENROLLMENT

Overall Enrollment

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10/1/06 10/1/07 10/1/08 10/1/09 10/1/10 10/1/11 10/1/12 10/1/130

100

200

300

400

500

600

700

800724 724

698 680

754785

743

796

479 479438 430 445 430

403440

125 117 127 125176

203 184 191

120 128 133 125 133 152 156 165

Total

Member Towns

Other Non-Member

Big 3 Non-Members

Total Enrollment and % Change Since 2009 for Grades 9-12

[13]

10/1/09 10/1/10 10/1/11 10/1/12 10/1/130

100

200

300

400

500

600

700

800

0%

5%

10%

15%

20%

25%

583 617 648 653 716

5.83%

11.15%12.01%

22.81%

TO

TA

L E

NR

OL

LM

EN

T

PE

RC

EN

T C

HA

NG

E F

RO

M 2

00

9

10 Year Freshman Enrollment

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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Member 135 139 116 93 101 99 70 103 112 93 119

Non-Member 52 54 67 64 56 65 43 81 87 89 70

10

30

50

70

90

110

130

150

170

190

135 139

116

93 101 99

70

103112

93

119

5254

67

64 56 65

43

81

87

89

70

Dover Historical Enrollment

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1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 20130

1

2

3

4

5

6

7

8

5

3 3

2

1

4 4

3

1

0

1 1

2 2

1

Per Pupil Expenditure

[16]

FY08 FY09 FY10 FY 11 FY12 FY13 FY14$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$22,837 $23,966

$25,212

$21,567 $20,937 $21,565

$24,362

FY08, 09, 10, 11 Audited. FY12, 13, 14 are budgeted amounts. Total budget Including Capital, Debt, Special Ed & Transportation. Does not include Middle School Program Costs.