1. Harvard Public Schools www.psharvard.org Harvard Public School Finances Quarterly Update: Q1 FY05 Presented by School Committee: Mark Hardy Sharon McCarthy, Chair Will Verbits Willie Wickman Paul Wormser

2. Harvard Public Schools www.psharvard.org 2 The FY05 Budget As presented to Town Meeting, March, 2004

3. Harvard Public Schools www.psharvard.org 3 The FY05 Budget Revised per Line Items

4. Harvard Public Schools www.psharvard.org 4 Expense Budget Changes: Highlights CentralBus fee reduction in collection (-$10k; expense remains the same); 25k Superintendent search MaintNo change in maintenance total, reallocation of "other revenue" to utility costs HESIncreased reading aides, added copyroom aide, decreased Admin curriculum coordinator moved to CORE. BromDecrease in School Choice revenue, increase foreign language (0.4 FTE), music (0.2 FTE), English (0.2 FTE), copy room aide added (per HTA contract). New staff hired for less than original budget. Sp. Ed.SPED grant increase, Circuit Breaker increase, less students Out of District Tech.Negotiated salary ommission

5. Harvard Public Schools www.psharvard.org 5 Omnibus Allocation: Sept. Update

6. Harvard Public Schools www.psharvard.org 6 Revenue Allocation: Sept. Update

7. Harvard Public Schools www.psharvard.org 7 Overall Programs: Sept. Update (no IPS)

8. Harvard Public Schools www.psharvard.org 8 Integrated Pre-School Program endorsed –by Selectmen, April 2004 –By FinCom, June 2004

9. Harvard Public Schools www.psharvard.org 9 Net Impact with Pre-School

10. Harvard Public Schools www.psharvard.org 10 Summary Changes since Town Meeting have been favorable and unfavorable –Net change is ~130k favorable School Committee has applied the full surplus to cover 55% of the Integrated Pre-School –School Committee requests $102k additional funding