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

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

3. 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

4. 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)

5. 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

6. 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

7. 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

8. 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

9. 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)

10. 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

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

12. 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

13. Wrap Up
Comments
Questions
School Committee Vote