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2024 ATM APPROPRIATION CoXMTTEE 13 MARCH 2024 Warrant Article Analysis and Recommendations 2024 ANNUAL TOWN MEETING Article 4 Appropriate FY2025 Operating Budget Funds Requested Funding Source Committee Recommendation See below See below Approve (8-0) The Operating Budget is broken out by major categories based on budget line numbers below. Education (1000) Lexington Public Schools (1100) Per the revised revenue allocation for the Lexington Public Schools (LPS) operating budget, an appropriation of $140,508,367 is recommended for FY2025. The request represents an increase of 4.29% over the FY2024 appropriation. The appropriation under this article does not include: • The school portion of Shared Expenses (2000), below, including public facilities, employee & retiree benefits,pension, debt service, liability insurance, and reserve funds. • Revenue from federal, state, local, and private grants, or revolving and donation fund activity, none of which are subject to appropriation by town meeting. In those fiscal years when the requested budget is intended to support an increase in the total number of LPS personnel,the revenue allocation process includes amounts for health insurance, Medicare, worker's compensation, and other employee benefit costs associated with the new positions. Those funds are then appropriated in the shared expenses part of the operating budget. The requested LPS budget for FY2025 is intended to support 8.61 fewer full- time-equivalent (FTE) positions than in FY2024. Hence the requested amount for this line item reflects the full amount from the revenue allocation process. Further information about the budget request may be found in the "Education" section of the Brown Book and in the LPS Budget Book (this refers to the "Lexington Public Schools Fiscal Year 2025, The Level Service and Recommended Budget of the Superintendent of Schools"). Note, however, that since the Superintendent's Recommended Budget book went to press in early January, it is not up to date in regard to the final amount allocated to LPS in the revenue allocation process. A breakdown of this operating budget into salaries and wages, and expenses is shown below. Category FY2024 FY2025 $ % Budget Recommended Change Change Salaries &Wages $ 112,791,505 $ 120,852,942 $ 8,061,437 7.1 % Expenses $ 21,938,740 $ 19,655,425 $ (2,283,315) (10.4)% 1100 Lexington Public Schools $ 134,730,245 $ 140,508,367 $ 5,778,122 4.3 % 5