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4 <br /> 4 <br /> Debt outside Proposition -1/ <br /> This lists the detailed Debt Outside Proposition -1 . <br /> i <br /> • Debt Inside Pro osition -1l <br /> i <br /> This lists the detailed Debt Inside Proposition -1 . <br /> * Massachusetts Be rtment of Revenue Governmental Classifications <br /> • Expenditures of F"Y97 and FV9 . <br /> This lists amounts of Expenditures which the Town Accountant provided. This list is <br /> broken up by departments with their department numbers noted.. <br /> SCHOOL FOUNDATION BUDGET <br /> The Finance Committee reviewed the document entitled"Massachusetts Department of <br /> Education, School Finance Services,Preliminary Foundation Budget Calculation,F9 ." <br /> The Finance Committee reviewed the Foundation Budget enrollment numbers. Mr. Goggin <br /> stated that it will be necessary for the Finance Committee to go through the enrollment <br /> numbers and figure out what the increase has been in the number of students each year and <br /> come up with the figure for this budget. Mr. Goggia noted that the School population, <br /> figures need to be obtained in oar to determine the Foundation Budget. Mr. Goggin noted <br /> that you take the Teaching Salary Per Pupil listed on the sheet and multiply that figure by the <br /> enrollment to obtain the total Teaching Salary. <br /> Mr. Cleary noted that he has been working on the Foundation Budget for the School and, <br /> additionally,on the enrollment numbers. He will put there together for the Finance <br /> Committee for the next meeting. <br /> Chairman Watt questioned what the Wage Adjustment Factor is. lir. Goggin stated that this <br /> is dependent upon where you are located in Massachusetts. It is an area adjustment. He <br /> noted that it is already factored into the calculations. <br /> Mr. Coggin noted that Mr. Cleary has been working on the Education Budget and figuring <br /> out the numbers for the Foundation Budget. <br /> Mr. Goggin noted that Columns G and H contain the Special Education numbers. <br /> The Finance Committee discussed the issue of Benefits being included in the Education <br /> Foundation Budget. <br /> Mr. Golub questioned the enrollment number noted as 1,830 and from what date that <br /> number is After discussion among the Finance Conunittee regarding the enrollment <br /> number,Mr. Golub stated that he believes the enrollment number is from 1995. lir. Goggin <br /> noted that the Finance Cornnuttee must get the actual figures for enrollment frorn October 1, <br /> 1997, in order to project the Foundation Budget for next year. Mr. Cleary will complete the <br /> spreadshect with the updated enrollment numbers for the next Finance Committee meeting. <br />