Superintendent Olsen presented his FY11 Budget to the School Committee, October 26th. The School Committee has reviewed this and has proposed their budget for FY11. Budget Assumptions: 1. Elementary enrollment is beginning to decline slowly. 2. High
School enrollment will continue to increase over the next 3 years. 3. Increase School Choice openings at elementary level to enhance revenues. 4. Revolving fund revenues will remain relatively consistent. 5. As of now, fees will remain at current levels, but may have to increase if severe budget reductions are necessary. 6. Federal Stimulus Stabilization funds will carry the 2.0 FTE Middle School guidance counselors through FY 2011. 7. Heating fuel and utilities are adequately funded. 8. Elementary pupil/teacher ratios will continue to increase. 9. Small
salary reserve per Town Manager.
Budget Risks 1. Reductions in Chapter 70 Revenues. 2. 9C Fiscal Reductions. 3. Continue to underfund our custodial and maintenance accounts. 4. Leave of Absence funds may be inadequate. 5. Rely on Federal Stimulus Funds to meet our instructional materials, professional development, textbooks and new technology needs. 6. Virtually no ability to absorb any unforeseen large scale repairs within our budget. 7. Salary savings from staff turnovers have been depleted. 8. Expense appropriations have not been increased for several years. 9. Per Pupil instructional supply allocations have been decreased at all levels. 10. Inadequate funds for equipment replacement ($13,370). We used to appropriate 1% of our budget for equipment replacement. 11. Reduction in Special Education Circuit Breaker reimbursement. 12. Elementary class sizes will increase if substantial budget reductions are needed. 13. Not able to make the improvements to the school system that will enhance the effectiveness of our programs/services.
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