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APPROPRIATION COMMITTEE-ATM 2018
<br /> Projected Minuteman Assessment—Based on unapproved House-2 budget bill
<br /> Enrollment Basis Assessment Components
<br /> FY18 FY19 FY18 FY19
<br /> State-Required Minimum 50 52 $745,380 $767,722
<br /> Regular Day Students 48* 49.6* $714,940 $810,755
<br /> Transportation $50,806 $67,089
<br /> Total Operating Costs 1,460,320 1,645,566
<br /> Capital 48* 49.6* $206,656 $476,851
<br /> Post-Graduate Programs I 1 1 1 $3,375 1 $3,800
<br /> TOTALASSESSMENT $1,670,351 $2,126,217
<br /> Annual% increase (decrease) 21.26% 27.29%
<br /> *average enrollment over prior 4 years
<br /> A breakdown of the full assessment is shown above. While Lexington's FY2018 enrollment (as of Octo-
<br /> ber 1, 2017) was 53.5 full-time regular students in grades 9-12 (a decrease in enrollment of 0.5 regular
<br /> day students)the assessments are based on the average enrollment over the prior 4 years of 49.6 students.
<br /> Using the average number of enrolled students, the per-student operating costs are $33,157 (+9%), with a
<br /> per-student capital assessment of$9,608 (+123%). The preliminary FY2019 assessment for Lexington is
<br /> $455,866(27.29%)higher than the FY2018 assessment.
<br /> As of press time, changes are still being made to both projected revenues and budgeted expenses. It is
<br /> likely that Lexington's assessment will change prior to being presented to Town Meeting.
<br /> Program 2000: Shared Expenses Funds Requested Funding Source
<br /> $59,610,193 see motion
<br /> The Shared Expenses section of the budget includes items that do not appear directly in the budget lines
<br /> of either the Lexington Public Schools or the municipal departments most often because the allocation of
<br /> portions of the expenses to different departments is difficult or on account of administrative convenience.
<br /> Shared Expenses comprises the five different components listed below together with respective budget
<br /> totals:
<br /> FY2018 FY2019
<br /> Restated Recommended $ Change % Change
<br /> Benefits&Insurance $34,550,644 $35,548,859 $998,215 2.9%
<br /> Property Insurance& Solar $1,398,893 $1,429,839 $30,946 2.2%
<br /> Debt(within-levy) $9,557,115 $10,997,766 $1,440,651 15.1%
<br /> Reserve Fund $900,000 $900,000 $0 0%
<br /> Public Facilities $10,592,986 $10,733,728 $140,742 1.3%
<br /> Total Shared Expenses $56,999,638 $59,610,193 $2,610,555 4.6%
<br /> The recommended total Shared Expenses budget for FY2019 is $59,610,193, which represents a
<br /> $2,610,555 or 4.6%increase over the FY2018 Restated Budget.
<br /> Emplovee Benefits and Insurance
<br /> Employee Benefits and Insurance costs include costs for health, dental, and life insurance, the Town's
<br /> pension assessment,workers' compensation,unemployment insurance, and the Medicare tax.
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