FY18 SCHOOL BUDGET March 8, 2017 Swampscott School Committee Pamela R. H. Angelakis, Superintendent of Schools Evan T. Katz, School Business Administrator

Time Line January 25 – School Committee Public Hearing March 8 – School Committee Vote April 21 - Finance Committee recommendation April & May - School Dept. planning for 2017-18 May 15 – Town Meeting June – School Dept. planning continues

Budget Highlights Summary 2.2% overall increase ($29.77m to $30.41m) Applies $1.2 million in town resources Maintains essential and core programs Continues full day kindergarten Maintains recent initiatives Keeps reductions far from classrooms

Budget Highlights Increases and Decreases $1,200,000 (4.4%) increase - town resources 8.8% decrease - grants/revolving ($2.5m to $2.2m) 2.2% overall increase ($29.77m to $30.41m)

Budget Highlights $1.2 Million Town Resources $950,000 increase in town budget $750,000 December $200,000 February $100,000 school maint. in town facilities budget $86,000 in FY17 Budget To Be Paid By Town in FY18 $46,000 of Facilities Director salary $40,000 snow removal $64,000 in FY17 Not Budgeted in FY18 – 53rd Week Payroll

Budget Highlights Other Achievements Reserves $200,000 for high growth programs* Meets goal of $400,000 maintenance budget** Funds anticipated salary costs Makes minor budget line adjustments Shifts funds for improved financial reporting * HS Science, English Language Learners, Spec. Ed. planned; (may change) ** including town facilities budget

Closing the Deficit Jan. 11 - Level Service Budget $1,722,000 Gap - Closed in Four Steps $726,000 salary reductions $721,000 expense reductions $200,000 town revenue $75,000 further expense reductions

Closing the Deficit Salary Reductions ($726,000) Program Reductions (5.2 positions) - $242,000 (after unempl.) Retirements & Unfilled Position Savings - $185,000 Updated salary projections - $171,000 Convert From Estimated to Actual Salaries - $72,000 Projected Additional Retirement Savings - $56,000

Program Reductions (5.2 positions) Closing the Deficit Program Reductions (5.2 positions) Hadley Sp. Ed. Learning Academy (1.0 teacher) Elem. Health (1.3 teachers) content moved to Phys. Ed. MS – Red, White and You Class (1.0 teacher) MS – Reading (.5 teacher) - of 1.5 program total HS – Mandarin to On Line (.4 teacher) District – METCO Clerical to Existing Position (1.0)

Expense Reductions ($721,000) Closing the Deficit Expense Reductions ($721,000) Sp. Ed. Tuition/Trans. Known Students Only - $300,000 Sp. Ed. Tuition/Trans. Updated Projection - $231,000 Reduce Facilities Budget - $100,000 Expenses Moved to Revolving Funds - $90,000* * HS Athletics Expense and Bank Fees

Closing the Deficit Last $275,000 Town Revenue Increase - $200,000 Snow Removal Costs Covered By Town - $40,000 Reduced Expenses- $35,000

Next Steps Discuss Options To Fund New Student Sp. Ed. Out of District Tuition Out of District Transportation Review Options To Fund $30K On-Line Payment Bank Fees Vote on $75 Fee Increase For Athletics

Wrap Up Comments Questions School Committee Vote