Our primary budget objective for the year is to resolve the dependency on reserves Our carry forward (level services) budget will require double the funding increase over year’s budget request if we are to address the reserve issue Without achieving carry forward (level services) funding from the town we would either have to ◦ continue to use reserves to maintain revenues needed to carry forward, or ◦ make reductions to the budget to close the gap ($700K) Carry forward (level services) is not optimal. It merely keeps us where we are today.

Our primary budget objective for the year is to resolve the dependency on reserves Our carry forward (level services) budget will require double the

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Our primary budget objective for the year is to resolve the dependency on reserves

Our carry forward (level services) budget will require double the funding increase over year’s budget request if we are to address the reserve issue

Without achieving carry forward (level services) funding from the town we would either have to ◦ continue to use reserves to maintain revenues needed to

carry forward, or◦ make reductions to the budget to close the gap ($700K)

Carry forward (level services) is not optimal. It merely keeps us where we are today.

Page 2: Our primary budget objective for the year is to resolve the dependency on reserves Our carry forward (level services) budget will require double the

Carry forward (level services) is not optimal it merely keeps us where we are today

An incremental reinstatement budget of $250-$550 would give us greater flexibility to address enrollment and program needs

There are three additional spending options to consider that would help us to improve the PK-12 program and address issues that are important to the community

Page 3: Our primary budget objective for the year is to resolve the dependency on reserves Our carry forward (level services) budget will require double the

FY16 Budget Scenarios

Adl. CostTotal Cost

Stabilize & Position for Continual Improvement

Additional Options

1.95 Mil

Reinstate FY15 Cuts3.0 FTE - Target/Support Class Size$20,000 Small Cap - Tech Earmark

1.65 MilCarry Forward

Eliminate Dependency on Reserves2.0 FTE Target/Support Class Size $35,000 Maintenance$60,000 Small Capital InvestmentsCarry Forward

Annual Growth w/out Reservere Revenue

1.4 MilLevel Services

-700,000Staff & Program ReductionsReduction by attrition up to 4 FTE

Address MS EnrollmentReduce Class Size (18)

K-8Aggressive Investment in Overall Multi-

Year District Growth (DIP)

$975,000.00 $300,000.00 $925,000.00$2,925,000.00 $2,250,000.00 $2,875,000.00

Address physical space constraints4-6 FTE / 2-Person Teams

3 FTEPossibility of Modulars at MMESor Space Reconfiguration

8 FTE - Clsrm/Support/Specialists2 Admin Support FTE$175 Small Cap Investment

Page 4: Our primary budget objective for the year is to resolve the dependency on reserves Our carry forward (level services) budget will require double the

The FY16 Budget request will be the first of several budgetary needs that will go before the public. As we embark on our Elementary Facilities Project voters are like to see debt exclusion votes for feasibility study and then project in the spring of 17/18 and/or 18/20 (depending on MSBA approval process).

Town Funding Landscape◦ Tax receipts form the basis of their revenue◦ Tax collection is limited by proposition 2.5◦ Use of their reserves for a one time infusion does not resolve our

revenue problem◦ Any spending that requires more than 2.5% tax increase requires voter

approval◦ Current carry forward (level services) request would require towns to

seek an OR