March 10, 2007
The folowing is the synopsis of the presentation made by myself on behalf of the B-R School District at today's (3/10/2007) Multi-Board Meeting. It is also available as a Word document - click here.
It is important to stress that many of the calculations here are my own estimates - not officially accepted by the B-R School District. The only official budget is the one from February 28th of $55,648,993. Section 2e addresses the question of "listing all revenue sources". From section 3 on, the calculations are merely that - plugging in known values and estimates to determine mathematical answers to such questions as "estimated assessment to each town". Sections 4 & 5 are to answer the question of what would happen if Raynham could only increase by about $700k; after the first $245k then the 37/63 ratio kicks in (the next $455k Raynham = $758k Bridgewater).
To stress one more time - from section 3 on, the calculations are for information purposes only. With a $55M budget, a 0.1% change (in enrollment % for instance) would have a $55k effect. The exact break point and ratios for Section 4 & 5 are merely to correct the misconception that an additional $700k by Raynham automatically means $1.4M for Bridgewater (using the widely quoted 1:2 ratio). Again, the exact computations will be released shortly.
1. Current status & public release
a. Wednesday, February 28th, release of draft 2007-08 Budget Report
b. Tuesday, March 6th, presentation to Bridgewater Board of Selectmen
c. Tuesday, March 6th, distribution of Report to Raynham Selectmen and Finance Board
d. Thursday, March 8th, presentation to Bridgewater Advisory Board
e. Monday, March 12th, presentation to Raynham Finance Board
f. T.B.A., presentation to Raynham Board of Selectmen
g. Wednesday, March 28th, B-R School Comm. Meeting
h. Wednesday, April 4th, Public Hearing and vote on fy2008 B-R School Budget
2. Reports and estimated assessments to host communities
a. Bridgewater’s 3-year Budget Review Committee
i. Independent of B-R
ii. Released September 29, 2006, to Bridgewater Board of Selectmen
iii. Forecast: Bridgewater’s FY08 operational assessment at $19,128,125
iv. Documented $1.6M deficit for Bridgewater in FY08, revenue vs. expenses
v. Documented $3M deficit for Bridgewater in FY09, revenue vs. expenses
b. Bridgewater-Raynham’s 3-year Budget Forecast
i. Released September 27, 2006, as voted by B-R School Committee
ii. Estimated expenses increasing 8.2% (FY08), 9.1% (FY09), 6.3% (FY10)
iii. Bridgewater Town Assessment
1. FY08 = $19,135,112 // a difference of $6,987
2. FY09 = $21,157,825 // a difference of $308,169
3. FY10 = $22,829,255
iv. Raynham Town Assessments
1. FY08 = $12,149,320
2. FY09 = $13,554,594
3. FY10 = $14,780,334
c. Bridgewater-Raynham FY08 draft Budget Report
i. Voted by B-R School Comm. On February 28th
ii. Bottom-line expenses of $60,922,548
iii. Exclude ‘Debt Service’ costs of $5,273,555 (not part of operations)
iv. Net Operations = $55,648,993
1. Administration +2.3%
2. Instructional +2.3%
3. Student Services +21.6% [about $550k increase transportation]
4. Operations/Maintenance +17.8% [about $380k heat & utilities]
5. Fixed costs +15.3% [insurance, retirement charges]
6. Tuition +24.7% [special education programs]
d. FY08 Non-official estimates for State Revenue & Charges
i. Chapter 70 School Aid = $20,434,949 // Increase of $769,882 or 3.9%
ii. Regional Transportation = $1,003,849 // Decrease of $53,252
iii. School Choice sending tuition = $620,707 // Increase of $142,136
1. 2005: 84 students (52 Bridgewater, 32 Raynham)
2. 2006: 119 students (65 Bridgewater, 54 Raynham)
e. FY08 Other revenue estimates for Bridgewater-Raynham
i. Always published as part of official School Budgets, 2nd page
ii. Investment of funds = $50,000
iii. Other (Building Use, Restitution, etc…) = $56,988
iv. Excess & Deficiency (Free Cash) = $800,000 [$1,764,897 in FY07]
v. Circuit Breaker = $1,225,722
vi. Medicaid Reimbursements = $175,000
vii. Transportation Fees = $31,000
viii. Pre-school Tuition = $40,000
3. Draft report for Town Assessments, by Joseph Gillis Jr. (not an official document of B-R)
a. Non-official, however fairly consistent with calculations by Gordon Luciano
b. Uses all previously released and discussed materials
c. Bridgewater’s assessment at $19,514,655
i. FY07 including mods was $16,768,078
ii. $379,543 more than B-R’s 3-year plan from September 29th 2006
iii. $386,530 more than Bridgewater’s 3-year plan
d. Raynham’s assessment at $12,423,527
i. FY07 including mods was $10,555,753
ii. $274,207 more than B-R 3-year plan from September 29th 2006
4. Estimate for effect of Raynham increased appropriation over FY07 by $700k
a. Results in Raynham total payment of $11,255,753
b. $666,286 over ‘Required Net School Spending’
c. Using 37/63 student ratio, $1,134,487 over RNSS for Bridgewater
d. Results in $17,526,283 total for Bridgewater
e. Explaining the ratio simply -- Raynham must provide about $245k to match Bridgewater’s ‘zero’ increase because Raynham’s RNSS has increased much faster than for Bridgewater. After this first $245k, then the school ratio of 37/63 (Raynham/Bridgewater) begins. So for every additional $37k provided by Raynham (after that first $245k), Bridgewater would need to provide $63k.
f. Increase of $758,205 for Bridgewater over FY07
g. Creates a bottom-line budget of $52,492,847
5. What would Raynham’s $700k increase mean?
a. Increased revenue of $1,499,938
b. What about costs to open new High School?
i. 5/29/2003, B-R Chairman in School Info Meeting
ii. $683,000 to open new building; not including staff
c. Therefore, Raynham’s additional $700k would leave $816,938 for operations
i. That represents a 1.6% increase
ii. Balanced against costs increasing much faster
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