The Budget Subcommittee has met several times, including in December with the Town’s Budget Subcommittee. The subcommittee members have been updated about progress along the way and have agreed to the proposed process for budget development. Since the last Budget Subcommittee meeting on February 13, 2018, the central office administrators, building principals, and I met to discuss the “Critical Needs” of the district, a selected few of which are included as additions to a Level Service budget. The recommended actions related to our “Critical Needs” are aligned with the current District Improvement Plan or are consistent with the process I have outlined for developing a new Strategy for Improvement for Franklin Public Schools in the coming months.
The Superintendent’s Recommended Budget proposes an appropriation of $64,390,935, which represents a 6.9% increase over the FY 18 appropriation. When revolving funds of $3,623,985 are considered compared to last years’ revolving fund amount of $6,329,935, the proposed increase in expenses is reduced to 2.18%. This proposal includes a $955,935 budget gap (at this time) yet to be closed. There are some outstanding variables that will impact the school budget, including the town’s actual allocation toward the school budget, the actual rate of increase of health insurance, whether or not there is additional Circuit Breaker revenue expected in a supplemental state budget, and the remaining expenses for FY 18.
From here, I recommend that the School Committee’s Budget Subcommittee begin to work on refining the budget in this iterative process, ultimately bringing forward a proposed budget for public hearing on March 27, 2018 with a proposed School Committee vote on the FY 19 budget on April 10, 2018.
I want to thank and commend Miriam Goodman, our School Business Administrator, for her keen insight, diligence, and attention to detail in preparing the FY 19 budget. In addition to the presentation, we are sharing supporting documentation with you."
Sara E. Ahern, Ed.D., Superintendent of Schools
This copy was shared from the Town of Franklin webpage
The budget presentation document can also be found on the Town of Franklin webpage
The "supporting documentation" has
|Superintendent to School Committee - FY 2019 School Budget Memo and Presentation|