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APPROPRIATION COMMITTEE REPORT TO THE MARCH 2013 ATM
<br /> Minuteman's Projected Assessment-based on unapproved House-1 budget
<br /> FTE BASIS AVG.PER PUPIL ASSESSMENT
<br /> ENROLLMENT* CHARGE
<br /> PROGRAM FY13 FY14 FY13 FY14 FY13 FY14
<br /> Grades 9-12:
<br /> Regular Day Students 54 53 $5,762 $6,700 $311,159 $355,111
<br /> Special Education Assessment 22 27 $4,500 $4,500 $99,000 $121,500
<br /> State Minimums for Lexington 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: 9 7 $3,000 $3,000 $27,000 $21,000
<br /> TOTAL OPERATING 1 63 60 $21,518 $21,383 $1,355,606 $1,282,952
<br /> Special Assessments(based on enrolled 9-12)
<br /> Capital Assessment $970 $3,610 $52,372 $191,314
<br /> Debt&Feasibility Study Interest $1,158 - $62,505 -
<br /> TOTAL ASSESSMENT $22,349 $24,571 $1,407,978 $1,474,266
<br /> Percentage increase(decrease)over prior year 9.37% 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 /> Funds Funding
<br /> Program 2000: Shared Expenses Requested Source
<br /> $45,883,421 See 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: 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.
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