6 | ACTON-BOXBOROUGH REGIONAL SCHOOL DISTRICT
District Finance at a Glance
FY22 District Revenue
FY22 District Expenditures
FY22 Financial Highlights • Revenue surpluses in State Transportation and Charter Aid ($250K) and Medicaid reimb. ($150K); deficit in investment income (–$200K). • Personnel ($400K) and SpEd Tuition ($400K) expenditures projected under budget; most other budget categories tracking close to budget. • In the aggregate, District expects a turnback of –$1M (consistent with historical averages), to replenish E&D ($1.5M budgeted use in FY23). • Details of yearend budget-to-actual results will be presented in the preliminary FY2022 financial report to School Committee (August 2022). FY23 Budget • Both towns have voted approval of the district’s FY2023 operating and capital budget ($102.9M), an increase of 3.2% over FY2022. • Revenues (from sources other than the regional assessment) are flat; budgeted use of available district reserves continues to rise. • Boxborough’s FY23 assessment increase (4.6%) is greater than Acton’s (3.2%), due to Boxborough’s proportion of K-12 enrollment.
Use of E&D Reserve
Instruction & Administration Costs Transportation Facilities & Maintenance Debt Service Assessments Capital Outlay
Other
Regional Aid— Transportation
Acton (Assessment)
Personnel
State Aid (Chapter 70)
Boxborough Assessment
Special Education
Employee Benefits
Budget/Assessment Trends
8%
While the data presented here appear to support a positive trend (consistent budget turnbacks and E&D replenishment, reasonable budget increases, minimal “surprises”), challenges— based on limited revenue growth opportunities, over-reliance on reserves and post-Covid educa- tional needs—are on the horizon.
Acton Assessment Increase
6%
4%
2%
Boxborough Assessment Increase
Annual Budget (Appropriation) Increase
0%
-2%
-4%
AVG.
FY16
FY17
FY18
FY19
FY20
FY21
FY22
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