Cape Cod Regional Technical High SchoolJanuary 28, 2014

School Budget Consortium Presentation

Paul Sullivan – Brewster (Chair)Joan Bentinck-Smith – BarnstableAnn Williams – BarnstableStefan Galazzi – OrleansAnthony Tullio – Wellfleet Buck Upson – Chatham

Cape Cod Tech Finance Committee

$13,908,300

2.98% or a

$402,395 increase

Five Year History

The FY15 Increase

Fiscal Year

Budget

FY10 3.25%

FY11 1.41%

FY12 2.56%

FY13 2.79%

FY14 2.79%

Budget Categories FY15 Projected Cost

Insurances property, liability, health, dental unemployment, workers compensation and other fringe benefits $2,328,269Snow Removal and Sanding $20,000

School Resource Officer $20,000

Equipment Maintenance $176,000

Capital Building Improvements $375,000

$2,919,269 (21% of the total budget)

Costs Unique to a Regional School District

What is the Money Used For?

Building Leadership2.83%

Teacher's Salaries34.99%

Retirement2.85%

Insurance Benefits11.26%

Library A/V0.68%

Retiree Benefits3.82%

Educational Ma-terials1.46%

Guidance3.15%

Transportation4.86%

Support Services10.35%

Administration5.89%

General Insurance1.66%

Plant Operations9.38%

Supervision2.29%

Capital Requirements4.53%

Department Budget % of Total

Building Leadership $ 393,757.00 2.83%

Teacher's Salaries $ 4,866,772.00 34.99%

Retirement $ 396,910.00 2.85%

Insurance Benefits $ 1,565,967.00 11.26%

Library A/V $ 94,763.00 0.68%

Retiree Benefits $ 531,186.00 3.82%

Educational Materials $ 202,669.00 1.46%

Guidance $ 437,476.00 3.15%

Transportation $ 676,000.00 4.86%

Support Services $ 1,439,766.00 10.35%

Administration $ 819,409.00 5.89%

General Insurance $ 231,116.00 1.66%

Plant Operations $ 1,304,511.00 9.38%

Supervision $ 317,998.00 2.29%

Capital Requirements $ 630,000.00 4.53%

Total Budget $ 13,908,300.00  

What is the Money Used For?

Where Does the Money Come From?

State17.91

%

As-sess-

ments

80.29%

Local1.80%

Assessments $11,166,643

State Aid$2,490,657

Local Revenue $251,000

Revenue Source vs. The Operating Budget

2008 2009 2010 2011 2012 2013 2014 2015 -

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

16,000,000

BudgetState AideAssessmentsLocal

What Does it Cost to Educate a Child Each Day?

FY14 FY15 $-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00 Benefits

Plant Operation

Administration

Textbooks & Supplies

Transportation

Capital

Support & Extra Curricular

Principal's Office

Teaching

$114.73 $117.96

Category FY15 FY14 Change

% Chang

e FY13 FY12 FY11

Salaries 7,611,686

7,552,939

58,747 0.78%

7,234,110

7,319,975

6,915,287

Benefits 2,569,063

2,639,037

(69,974) -2.65%

2,404,760

2,419,356

2,224,036

Materials & Services

1,683,435

1,270,010

413,425 32.55%

1,581,968

1,220,694

1,408,301

Transportation 676,000

678,000

(2,000) -0.29%

697,782

701,782

641,309

Utilities & Heating 507,000

512,000

(5,000) -0.98%

490,500

523,750

463,883

Insurance 231,116

223,919

7,197 3.21%

224,739

166,429

161,959

TOTAL OPERATING

13,278,300

12,875,905

402,395 3.13%

12,633,859

12,351,986

11,814,775

Capital Budget 630,000

630,000

- 0.0%

652,824

519,342

652,824

   

Total Operating & Capital

13,908,300

13,505,905

402,395 2.98%

13,286,683

12,871,328

12,467,599

Why a 2.98% Increase

Budget Cost Drivers

Salaries55%

Benefits18%

Materials & Services

12%

Transportation5%

Utilities and Heating

4%

Insurance2% Bdg Improv. & Equip.

4%

Salaries & Benefits account for 73% of the FY15 budget

Student Enrollment Per Town

Barnstable26%

Brewster6%

Chatham3%Dennis

13%

Eastham2%

Harwich11%

Mashpee9%

Orleans2%

Provincetown1%

Truro0%

Wellfleet1%

Yarmouth26%

*Enrollment as of 10/1/13

Enrollments

Students

ChangeFY15 FY14

Barnstable 168 168 0

Brewster 42 42 0

Chatham 21 23 -2

Dennis 85 93 -8

Eastham 13 14 -1

Harwich 73 85 -12

Mashpee 57 55 2

Orleans 12 14 -2

Provincetown 6 4 2

Truro 3 5 -2

Wellfleet 6 4 2

Yarmouth 168 147 21

  654 654 0

Student Enrollment Change

*Based upon 10/1/13 reported enrollment data

Student Enrollment Trend

  2009 2010 2011 2012 2013 2014

  Students % Students % Students % Students % Students % Students %

Barnstable 199 28.30% 193 28.20% 183 26.41% 171 25.60% 168 25.69% 168 25.69%

Brewster 48 6.80% 46 6.70% 45 6.49% 39 5.84% 42 6.42% 42 6.42%

Chatham 11 1.60% 16 2.30% 18 2.60% 19 2.84% 23 3.52% 21 3.21%

Dennis 91 12.90% 94 13.70% 98 14.14% 92 13.77% 93 14.22% 85 13.00%

Eastham 14 2.00% 9 1.30% 12 1.73% 17 2.54% 14 2.14% 13 1.99%

Harwich 56 8.00% 62 9.10% 68 9.81% 74 11.08% 85 13.00% 73 11.16%

Mashpee 61 8.70% 62 9.10% 67 9.67% 62 9.28% 55 8.41% 57 8.72%

Orleans 14 2.00% 16 2.30% 18 2.60% 19 2.84% 14 2.14% 12 1.83%

Provincetown 5 0.70% 3 0.40% 5 0.72% 5 0.75% 4 0.61% 6 0.92%

Truro 4 0.60% 4 0.60% 6 0.87% 5 0.75% 5 0.76% 3 0.46%

Wellfleet 9 1.30% 5 0.70% 6 0.87% 4 0.60% 4 0.61% 6 0.92%

Yarmouth 191 27.20% 174 25.40% 166 23.95% 161 24.10% 147 22.48% 168 25.69%

  703 684 693 668 654 654

The Chapter 70 Formula & Minimum Contributions

Minimum FY15 FY14** Change

Barnstable $2,206,121 $2,221,338 ($15,217)

Brewster $578,691 $601,813 ($23,122)

Chatham $289,346 $346,699 ($57,353)

Dennis $1,171,161 $1,315,102 ($143,941)

Eastham $178,011 $196,272 ($18,261)

Harwich $976,871 $1,151,475 ($174,604)

Mashpee $767,666 $723,920 $43,746

Orleans $165,040 $207,027 ($41,987)

Provincetown $78,539 $59,503 $19,036

Truro $41,335 $75,369 ($34,034)

Wellfleet $82,670 $58,436 $24,234

Yarmouth $2,199,210 $1,927,312 $271,898 District Total $8,734,661 $8,884,266 ($149,605)

** FY14 minimum is the later reported revised figures

FY15 Assessments

*FY15 Assessment based upon 10/1/13 enrollment data

 FY14

EnrollmentFY15

Enrollment% FY15

Enrollment FY15 FY14 $ %

Barnstable 168 168 25.7% $ 2,830,850 $ 2,810,364 $ 20,486 0.7%

Brewster 42 42 6.4% $ 734,873 $ 702,591 $ 32,282 4.6%

Chatham 23 21 3.2% $ 374,874 $ 384,752 $ (9,878) -2.6%

Dennis 93 85 13.0% $ 1,516,993 $ 1,555,738 $ (38,745) -2.5%

Eastham 14 13 2.0% $ 230,072 $ 234,197 $ (4,125) -1.8%

Harwich 85 73 11.2% $ 1,292,954 $ 1,421,910 $ (128,956) -9.1%

Mashpee 55 57 8.7% $ 972,190 $ 920,060 $ 52,130 5.7%

Orleans 14 12 1.8% $ 217,101 $ 234,197 $ (17,096) -7.3%

Provincetown 4 6 0.9% $ 93,414 $ 66,914 $ 26,500 39.6%

Truro 5 3 0.5% $ 59,928 $ 83,641 $ (23,713) -28.4%

Wellfleet 4 6 0.9% $ 97,545 $ 66,914 $ 30,631 45.8%

Yarmouth 147 168 25.7% $ 2,745,848 $ 2,459,069 $ 286,779 11.7%

654 654 100% $ 11,166,642 $ 10,940,347 $ 226,295

2.07%

• Mass. School Building Authority visit on February 5th, 2014 to tour the building and SOI.

• Building Stabilization Fund

• Questions?

Other Issues Facing Cape Cod Tech