1. DOVER-SHERBORN REGIONAL SCHOOL BUDGET – FY19
March 2018

2. Mission Driven
The Dover Sherborn Schools share in the mission to inspire, challenge and support all students as they discover and pursue their full potential.

3. Goal Driven

4. Budgetary Focus Review & revise educational services
Evaluate & maintain grounds and facilities
Remain fiscally responsible & mindful of financial constraints
continue trend budgeting and “spend smarter” focus
Comply with Federal & State mandates
Fund contractual obligations

5. Town Guidance Dover: Level Service
Sherborn: Level Funded with 1.5% increase for salaries. Advisory has set aside a reserve for all Town Departments to submit appropriate requests for potential funding.

6. FY 19 Budget Drivers
Enrollment projections remain constant for the foreseeable future
Collective bargaining & contractual obligations based on FY18-FY20 negotiated agreements
Healthcare costs reflect changes to plan design & offerings
Keeping pace or ahead of healthcare marketplace changes

7. Overview of Operating Budget

8. FY19 Operating Budget Executive Summary & Comparison to FY18
FY19 Proposed Operating Budget $24,614, % $509,231
Revenues:
Member Town Assessments: + $371,750
State funding from Chapter 70 and 71: +$124,771
Use of Excess and Deficiency: +$12,710
Expenditures:
Projected enrollment is 1,207-1,223 (FY18 enrollment Oct ,194)
FY19 educator salary increases are 2% on the top step & 1% within the matrix. All other contractual salary increases are 2%. +$575,000 all Salaries
Educator retirements confirmed as of February 1st – $150,000 Salary reduction
Employee related insurance costs, including Norfolk County Retirement, workers compensation, Medicare employer tax and health care: +$157,000
Net effect of continued trend budgeting - $39,500 reductions
Fourth of five year of bus contract: +$6,664
Scheduled debt principal and interest payments – $22,300 reduction

9. FY19 Revenue Projections
Town Assessments $21,547,183 State Funding 2,561,833 Student Fees and other 355,750 E&D Funds 150,000 Total Projected Revenue $24,614,816
Updated

10. Dover Sherborn Regional Schools FY 19 BUDGET- STATUTORY ASSESSMENT
FY18
FY19
Variance %
Operating
Dover
$11,235,560
$11,474,779
$239,219
2.13%
Sherborn
8,913,906
9,068,804
154,898
1.74%
$20,149,466
$20,543,583
$394,117
1.96%
Debt
581,415
568,138
(13,277)
-2.28%
444,552
435,462
(9,090)
-2.04%
$ 1,025,967
$ 1,003,600
($ 22,367)
(2.18%)
Total
11,816,976
12,042,917
225,942
1.91%
9,358,457
9,504,266
145,808
1.56%
$21,175,433
$21,547,183
$371,750
1.76%
Updated 10 10

11. FY19 Capital Items (funded by IMA)
Request
Location
Cost
Asphalt Paving
Middle School/Admin Bldg
replacement
$170,000
Fire Detection Field Sensors
Campus-wide
$50,000
VCT Replacement
Lindquist Cafeteria
$60,000
Kubota Tractor
Grounds
$45,000
Dell Unity Flash Storage
Technology
Courtyard roof
High School
$35,000
Walk-In freezer and refrigeration
Food Service
$25,000
Locker Room floor - boys
HS Gym
A/C Ductless Unit
HS SPED office
addition
$20,000
Concrete work
HS Health Office Entrance
Exhaust/Ventilation
$15,000
TOTAL
$510,000

12. FY19 Community Investment
Community financial support $300,000+
Boosters, DSEF, FOPA, POSITIVE, PTO, Mudge Foundation, Needham Bank, other company & private donations
Thanks to the many supporters within our community!

13. We thank community members for their support to educate the students of Dover and Sherborn.