February 4, 2015 FY16 Budget Presentation

Cape Cod Tech Finance Committee Anthony Tullio – Wellfleet (chair) Paul Sullivan – Brewster Ann Williams – Barnstable Stefan Galazzi – Orleans Buck Upson – Chatham

Fiscal Year Brewster Enrollment Percentage of Total Enrollment % % % % % Brewster Students at Cape Cod Tech

FY15 Enrollment *Enrollment as of 10/1/14

FY16 Enrollment by Town TownFY15FY14Change Barnstable Brewster Chatham Dennis Eastham Harwich73 0 Mashpee Orleans Provincetown46 -2 Truro23 Wellfleet86 2 Yarmouth TOTALS * (1) out-of-district student currently enrolled

Student Enrollment Trend Students % % % % % % Barnstable % % % % % % Brewster466.70%456.49%395.84%426.42%426.42% % Chatham162.30%182.60%192.84%233.52%213.21% % Dennis % % % % % % Eastham91.30%121.73%172.54%142.14%131.99% % Harwich629.10%689.81% % % % % Mashpee629.10%679.67%629.28%558.41%578.72% % Orleans162.30%182.60%192.84%142.14%121.83% % Provincetown30.40%50.72%50.75%40.61%60.92% % Truro40.60%60.87%50.75%50.76%30.46% % Wellfleet50.70%60.87%40.60%40.61%60.92% % Yarmouth % % % % % %

$14,532, % (2.67% without $250,000 transfer) Five Year History The FY16 Increase Fiscal YearBudget FY111.41% FY122.56% FY132.79% FY142.79% FY152.98%

Budget CategoriesFY16 Projected Cost Insurances property, liability, health, dental unemployment, workers compensation and other fringe benefits $2,369,345 Snow Removal and Sanding$20,000 School Resource Officer$20,000 Equipment Maintenance$118,000 Capital Building Improvements$625,000 (21.7% of the total budget) Costs Unique to a Regional School Budget

Capital Stabilization Fund Established in FY14 Proposed Budgeted Transfer in FY16; $250,000 This transfer contributes 1.8% to the overall 4.49% increase over FY15

What is the Money Used For?

DepartmentBudget% of Total Building Leadership $ 390, % Teacher's Salaries $ 4,892, % Retirement $ 426, % Insurance Benefits $ 1,654, % Library $ 92, % Retiree Benefits $ 507, % Educational Materials $ 178, % Guidance $ 438, % Transportation $ 786, % Support Services $ 1,339, % Administration $ 819, % General Insurance $ 207, % Plant Operations $ 1,618, % District-Wide Supervision $ 324, % Capital Requirements $ 855, % $ 14,532, What is the Money Used For?

Why a 4.49% Increase CategoryFY16FY15Change % FY14FY13FY12 Change Salaries7,901,011 7,864,63636, % 7,708,3557,234,1107,319,975 Benefits2,652,862 2,573,56379, % 2,396,7302,404,7602,419,356 Materials & Services1,435,598 1,425,9859, % 1,409,7011,581,9681,220,694 Transportation786, ,000110, % 678,000697,782701,782 Utilities & Heating694, ,000187, % 459,200490,500523,750 Insurance207, ,116-23, % 223,919224,739166,429 TOTAL OPERATING13,278, ,000 3% 12,875,90512,633,85912,351,986 Capital Budget855,000630,000225, % 630,000652,824519,342 Total Operating & Capital14,532,30013,908,300624, %13,505,90513,286,68312,871,328

What Does it Cost to Educate a Child Each Day?

Budget Cost Drivers Salaries & Benefits account for 72% of the FY16 budget

Excess & Deficiency Balance as of FY14 $572,121 Maximum Allowable - $695,415 (5% of FY15 Budget $13,908,300)

On 1/14/15 Cape Cod Tech was voted into the Eligibility Period for a Capital Project with the Mass School Building Authority The Eligibility Period phase lasts up to 270 days concluding on or before 10/26/15 Eligibility Period & The MSBA

Forming a School Building Committee Completing an Educational Profile Enrollment Projections Maintenance and Capital Planning Report Local Votes and Agreements Phase 2 – Feasibility & Schematic Design Selection of OPM & Design Firm The Next Steps