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MINUTEMAN FY15 BUDGET DOVER

On March 5, 2014, Kevin F. Mahoney, Assistant Superintendent of Finance, presented the FY15 budget for Minuteman. The proposed budget totals $19,645,065, reflecting a 5.9% increase overall and a 3.8% rise in member assessments. Key budget drivers include a 6% increase in enrollment, rising special education costs, and unfunded mandates. The presentation details estimated revenue plans, projected capital expenditures, and assessments to member towns, alongside historical enrollment data and per pupil expenditures.

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MINUTEMAN FY15 BUDGET DOVER

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  1. March 5, 2014 Presented by: Kevin F. Mahoney Assistant Superintendent of Finance MINUTEMAN FY15 BUDGET DOVER March 5, 2014

  2. FY15 BUDGET

  3. Overall – FY15 Budget Proposed FY15 Budget = $19,645,065 • Increase in Overall Budget = 5.9% • Increase to Member Assessments = 3.8% % Year Average Overall Assessment Increase = 1.0%/Year

  4. Budget Drivers • Enrollment Increase (35+ students, 6%) • Increase Special Education Costs • Direct Support to Students • Unfunded Mandates (PARCC & DESE Evaluation System) • Collective Bargaining Agreement • Health Insurance (10% Increase) • Capital – Bridge Projects

  5. FY15 Proposed Budget By State Function Code

  6. Estimated Revenue Plan

  7. Projected Capital Expenditures

  8. Out-of-District Tuition Revenue *Estimated based on first semester invoices.

  9. Assessments to Member Towns

  10. Dover Estimated Assessment

  11. Enrollment

  12. Overall Enrollment

  13. Total Enrollment and % Change Since 2009 for Grades 9-12

  14. 10 Year Freshman Enrollment

  15. Dover Historical Enrollment

  16. Per Pupil Expenditure FY08, 09, 10, 11 Audited. FY12, 13, 14 are budgeted amounts. Total budget Including Capital, Debt, Special Ed & Transportation. Does not include Middle School Program Costs.

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