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APPROPRIATION COMMITTEE-2019 ATM
<br /> The total health insurance budget is increasing by almost$140,000(6.2%)due to anticipated cost increases.
<br /> The contribution to the District's Stabilization Fund has been reduced to $85,000 from $300,000, with a
<br /> 12/31/18 fund balance of about $766,000. Debt service payments for FY2020 rise to $3,614,834 as debt
<br /> service for the new construction ramps up. A $50,000 payment will be made toward the funding of the
<br /> District's $22,945,000 Other Post-Employment Benefits (OPEB)unfunded liability.
<br /> Lexington's Assessment
<br /> Member towns are assessed a share of the District's total costs for the upcoming year,net of the District's
<br /> non-assessment revenue (see table below), based on a combination of(1) the State-Required Minimum
<br /> (SRM)per-student tuition cost set by annually by the DESE; (2) a charge for operating costs in excess of
<br /> the SRM that is allocated based on the member town's most recent four-year average student enrollment;
<br /> (3) transportation costs; and (4) debt service costs from capital projects. One percent of the debt service
<br /> cost is assessed equally to all member towns and the remainder is apportioned based on the most recent
<br /> four-year rolling average of student enrollment and a"combined effort"factor as determined by the Chapter
<br /> 70 formula.
<br /> This year's assessments are based on an MRHS operating budget that has a projected decrease in non-
<br /> assessment revenue of$428,593, the drivers of which are identified in the following table:
<br /> Non-Assessment Revenue Sources FY2019 FY2020 Difference
<br /> Chapter 70 $2,081,683 $2,092,403 $10,720
<br /> Transportation Aid $880,412 $832,392 ($48,020)
<br /> Prior Year Tuition $3,438,424 $3,047,131 ($391,293)
<br /> Current Year Tuition $400,000 $400,000 0
<br /> Excess and Deficiency(E&D)Funds $540,000 $540,000 0
<br /> Total $7,340,519 $6,911,926 ($428,593)
<br /> Chapter 70 funds and transportation aid are estimates based on the Governor's H-1 budget,which proposes
<br /> modest increases in Chapter 70 aid and transportation aid statewide compared with FY2019.MRHS's share
<br /> of Chapter 70 aid increases slightly. Transportation Aid decreases slightly because it is a reimbursement
<br /> for expenses incurred in the prior year.Prior Year's Tuition drops due to reduced out-of-district enrollment.
<br /> Projected Lexington Assessment—Based on Unapproved House-1 Budget Bill
<br /> Enrollment Basis Assessment Components Per-Student
<br /> FY19 FY20 FY19 FY20 FY20
<br /> State-Required Minimum 52 53 $767,722 $799,005 $15,075
<br /> Regular Day Students 49.63* 52.25* $810,755 $962,102 $18,413
<br /> Transportation 53 $67,089 $86,714 $1,636
<br /> Total Operating Costs $1,645,566 ,$1,847,821 $35,365
<br /> Capital 49.63* 52.25* $476,851 $618, 510 $11,838
<br /> Post-Graduate Programs 1 1 $3,800 $3,800 $3,800
<br /> TOTAL ASSESSMENT $2,126,217 $2,470,131
<br /> Annual%increase (decrease) 27.3% 16.2%
<br /> *average enrollment over prior 4 years
<br /> Lexington's projected assessment for FY2020 is $2,470,131. A breakdown of that assessment is shown
<br /> above. While Lexington's FY2019 enrollment(as of October 1, 2018)was 52 full-time regular students in
<br /> grades 9-12 (a decrease in enrollment of 1.5 regular day students),the starred assessments are based on the
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