Newton Public Schools FY26 Digital Budget Book

MULTI-YEAR OPERATING BUDGET OVERVIEW

FY24 BUDGET

FY25 BUDGET

FY26 BUDGET

FY27 FORECAST

FY28 FORECAST

FY29 FORECAST

FY30 FORECAST

Base Budget + Educational Stabilization Account

$268,655,413 $282,647,007 $292,963,623 $304,318,962 $315,277,626 $326,821,575 $331,305,925

OBJECT CODE

FY24 ACTUAL

FY25 BUDGET

FY26 BUDGET

FY27 FORECAST

FY28 FORECAST

FY29 FORECAST

FY30 FORECAST

OBJECT DESCRIPTION

GROSS EXPENDITURES Salaries & Other Compensation

51 $198,101,402 $211,622,962 $219,316,196 $229,450,663 $239,503,279 $248,701,158 $258,232,633

Equipment & Building Maintenance Contracted Services

52

$4,786,901

$4,925,791

$4,719,437

$4,882,258

$5,050,695

$5,224,944

$5,405,205

53 $27,113,215 $29,082,826 $30,560,427 $32,461,918 $34,892,970 $37,623,376 $39,323,339

54, 55, 57

Supplies & Materials, Other

$7,771,971

$8,930,455

$8,427,597

$8,639,864

$8,857,557

$9,080,815

$9,309,784

Benefits

57 $40,311,944 $42,888,627 $47,616,424 $52,683,369 $56,222,748 $59,980,727 $64,124,164

Equipment

58

$1,875,305

$2,148,357

$2,551,929

$2,602,968

$2,655,027

$2,708,127

$2,762,290

Transfers to Subsidize Programs

59

$1,340,000

$1,500,000

$1,600,000

$1,730,000

$1,870,000

$2,020,000

$2,180,000

GRAND TOTAL GROSS EXPENSES

$281,300,738 $301,099,018 $314,792,010 $332,451,040 $349,052,275 $365,339,148 $381,337,415

REVOLVING & GRANTS OFFSETS Salaries & Other Compensation

51

-$6,271,062

-$7,426,752

-$7,805,551

-$7,904,658

-$7,985,072

-$8,206,732

-$8,286,664

Equipment & Building Maintenance Contracted Services

52

$0

$0

-$1,293,000

$0

$0

$0

$0

53 -$7,653,435 -$11,025,259 -$10,539,990 -$10,835,576 -$10,749,018 -$10,632,766 -$11,143,360

54, 55, 57

Supplies & Materials, Other

$0

$0

-$889,845

$0

$0

$0

$0

Benefits

57

$0

$0

-$1,300,000

$0

$0

$0

$0

Equipment

58

$0

$0

$0

$0

$0

$0

$0

Transfers to Subsidize Programs

59

$0

$0

$0

$0

$0

$0

$0

GRAND TOTAL OFFSETS

-$13,924,497 -$18,452,011 -$21,828,386 -$18,740,235 -$18,734,090 -$18,839,498 -$19,430,024

GRAND TOTAL NET EXPENSES

$267,376,241 $282,647,007 $292,963,624 $313,710,805 $330,318,185 $346,499,650 $361,907,392

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