4 | Acton-Boxborough regional school district
District Finance at a Glance
FY 19 District Revenue
FY 19 District Expenditures
Moderating Budget Impact
4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0%
Assessments
Other
Capital Outlay
Facilities & Maintenance Debt Service Transportation
Use of E&D Reserve
Acton (Assessment)
Regional Aid— Transportation
Personnel
Boxborough Assessment
Special Education
Instruction & Administration Costs
State Aid (Chapter 70)
Employee Benefits
FY16 FY17 FY18 FY19 FY20 Appropriated Budget Increase from Prior Year
Capital Planning Highlights 2020 Throughout the 2018–19 School Year, ABRSD collaborated with school and town representatives to develop a 12-plus year capital plan that was designed to address the medium-term needs of the district in order to ensure safe and effective learning environments for our students. Financial highlights of the plan include: • $1.25M was allocated toward Capital Improvements in the district’s FY20 Budget. • Both communities voted to support a bond for $7.5M that will allow the district to accelerate needed caital improvements. The bond will be repaid through the district operating budget. • Both communities voted to support the establishment of a Capital Stablization Fund to support the long-term capital needs of the district. The school committee passed a budget amendment in May 2019 to initially fund the Capital Stablization Fund at $1M.
Increasing Commitment to Capital Needs
1,600 1,400 1,200 1,000
800 600 400 200 0
155 170 243
FY15 FY16 FY17 FY18 FY19 FY20 FY21
(Proj.)
Capital Outlay (in $ thousands)
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