11/13/1996 BOARD OF SELECTMEN Executive Session (4)

Home Browse Search

SANDWICH SCHOOL FINANCE , A Deport for the Sandwich PublLc Schools Inflation-,Ad este d Spending and Foundation Buds et r f r 5,400 5, aa 0 Spending im Foundation 900 a k 4,800 r �. _ e0a s: s 'f t ....... �+ 4 400 . �f .. FN 94 95 96 97 98 99 i.� .a. :Y C' i :s SAND W7Ck'S BUDGET FY 9 6 The projections above are for net schoolspending,which is not identical to the a ro ria- P J PP P tion actually received by the Sandwich school committee. Unlike the school committee appropriation, net school spending includes teacher health insurance and other e�p endi- r tures in support of the schools made directly from the town budget. And net school !ai, { spending excludes school transportation expenditures which are a part of the school (I. , e committee appropriation. F Sandwich School Budgets The relationship 9 P between net FY 95 FY 96 school spending and the Thousand of Dollars °Io Inc school committee budget is School Committee Appropriation 13,484 14,344 6.38% laid out in the table at left. less Transportation 374 500 33.69% In the current school year Equals School Appropriation (FY 95), the school commit Toward Net School Spending. 131114 131844 5.60°I° tee budget is $13.5 million, o f wh ich $374,000 goes to- Plus Town Expenses toward Net School Spending Schedule �9 33176 3 28a 3.28% ward transportation, leaving P g{ } $13.1 million toward net F Equals Net School Spending 1 fi,2S6 17,1 24 5,15°�° school spending purposes. When added to the $3.2 mil- r less Impact Aid 1313 0.00°/v lion spent by the town, total less State Aid 11794 11889 5.28% net school spending in Equals Local Contribution 14,479 149922 3.06% Sandwich is $16.286 million. Minimum Local Contribution 141448 141922 3.28% Tarng out state aid and fed- eral irnpact aid, the portion Page 16