10 | Acton-Boxborough regional school district
District Finance at a Glance
FY21 District Revenue
FY21 District Expenditures
FY21 Financial Highlights • Total Revenues should just about break even with budget ($96.9 million); some individual components experienced gains or losses. • Appropriated Expenditures should wind up below budget, resulting in a net surplus (turnback to reserves) of about $1 million. • The Contingency Reserve ($500K; part of the FY21 appropriation) was mostly unused and is included in the $1 million turnback. • Details of budget-to-actual results will be explained in the final FY2021 financial report to the School Committee (August 2021).
Use of E&D Reserve
Facilities & Maintenance Debt Service Assessments Capital Outlay Transportation
Other
Regional Aid— Transportation
Acton (Assessment)
Personnel
State Aid (Chapter 70)
Special Education
Instruction & Administration Costs
Boxborough Assessment
Employee Benefits
Budget/Assessment Trends
8%
Boxborough Assessment Increase Acton Assessment Increase
FY22 Budget Actions
6%
• Both towns have voted approval of the district’s FY22 operating and capital budget ($99.7 million), an increase of 2.9% over FY21. • Revenues (from sources other than the regional assessment) are flat; budgeted use of available district reserves continues to rise. • Boxborough’s FY22 assessment increase (4.6%) is greater than Acton’s (3.0%), due to Boxborough’s proportion of K-12 enrollment.
4%
2%
Annual Budget (Appropriation) Increase
0%
-2%
-4%
AVG.
FY15
FY16
FY17
FY18
FY19
FY20
FY21
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