|
APPROPRIATION COMMITTEE REPORT TO THE MARCH 2013 ATM
<br />Minuteman's Projected Assessment -based on unapproved House-1budget
<br /> FTE BASIS AVG. PER PUPIL ASSESSMENT
<br />ENROLLMENT*CHARGE
<br />PROGRAM FY13 FY14 FY13 FY14 FY13 FY14
<br />Grades 9-12:
<br />
<br />Regular Day Students 54 53 $5,762 $6,700 $311,159 $355,111
<br /> Special Education Assessment
<br />22 27 $4,500 $4,500 $99,000 $121,500
<br /> State Minimums for Lexington
<br />60 58 $14,266 $13,540 $855,942 $785,340
<br />Totals, grades 9-12(incl. SPED) 54 53 $23,446 $23,810 $1,266,101 $1,261,951
<br />Post Graduate Programs:
<br />9 7 $3,000 $3,000 $27,000 $21,000
<br />TOTAL OPERATING60
<br />63$21,518 $21,383 $1,355,606 $1,282,952
<br />Special Assessments (based on enrolled 9-12)
<br />
<br />Capital Assessment $970 $3,610 $52,372 $191,314
<br />Debt & Feasibility Study Interest $1,158 - $62,505 -
<br />TOTAL ASSESSMENT$24,571$1,474,266
<br />$22,349$1,407,978
<br />Percentage increase (decrease) over prior year9.37% 9.94% (17.48%) 4.71%
<br />* - prior year's enrollment as of Oct. 1
<br />A breakdown of the full assessment is given above. The preliminary FY2014 assessment for Lexington is
<br />$66,288 (4.7%) more than the FY2013 actual assessment. This is slightly less than the percentage growth
<br />of the total district budget and due to a drop in enrollment of one Regular Day student. The Regular Day
<br />Student and Capital and feasibility study assessments are based on Lexington’s FY2013 Base Enrollment
<br />(as of October 1, 2012) of 53 full-time regular students in grades 9-12. This has increased our total full-
<br />time student operating-share assessment slightly to $355,111, with a per-pupil increase of 16.28%. This
<br />increase is primarily driven by the 272% increase in the per student capital assessment. The State Re-
<br />quired Minimum payment has decreased $70,602 due to a decrease per-student charge. Additional sav-
<br />ings are seen in a $6,000 reduction in our PG program costs, where the number of students enrolled in
<br />post-graduate programs has decreased.
<br />FundsFunding
<br />RequestedSource
<br />Program 2000: Shared Expenses
<br />$45,883,421See Motion
<br />Shared Expenses encompasses line 2100, Employee Benefits; line 2200, Debt Service; line 2300, Reserve
<br />Fund; and line 2400, Public Facilities. See Section IV in the Brown Book for more information.
<br />Line 2100 Employee Benefits:
<br /> This line includes the annual payment to the Lexington Retirement Sys-
<br />tem to cover the costs of the future pension liability incurred by active municipal employees and non-
<br />teaching school employees and to cover the unfunded liability incurred in prior years; the Town’s share
<br />(1.45%) of employee compensation for the Medicare tax; health and dental insurance for current and re-
<br />tired employees; premiums for property and liability insurance policies; potential unemployment and
<br />workers compensation expenses; and an appropriation to cover uninsured losses. The financing of the un-
<br />funded liability for retiree health insurance benefits (OPEB) is covered under Article 18.
<br />Health Insurance:The largest single component of employee benefits expenses is the Town’s contribu-
<br />tion to health insurance for current and retired employees (line 2130). The FY2014 projected budget for
<br />line 2130 is $20,945,505, a decrease of $54,495 (-0.26%) from the FY2013 appropriated budget. The
<br />FY2013 and FY2014 appropriations reflect decreases from prior years due to the Town joining the Com-
<br />monwealth of Massachusetts Group Insurance Commission (GIC) as of July 1, 2012.
<br />11
<br />
<br />
|