○ Use of School Building Facility Rental (revenue and expenses related to the rental of school buildings) ○ Pre-School (typically developing student tuition fees used to offset their program costs) ○ Transportation (revenue and expenses related to providing non-mandated transportation to students) ○ Elementary Early Morning Program (revenue and expenses related to providing by parents the opportunity to bring their children to school prior to the beginning of the regularly scheduled school day.) ● Capital Improvement Plan (CIP) Funds are used to account for proceeds from the issuance of long-term debt or direct outlay for capital or fixed asset improvement and for expenditure of these funds and any other financing sources that the City has appropriated for capital improvement purposes. The CIP encompasses all City capital assets which fall into the following eight categories: Buildings, Roads, Sewer Infrastructure, Water Infrastructure, Storm Drainage Infrastructure, Parks and Playgrounds, Motorized Vehicles and Equipment, and Information Technology. As mentioned earlier, the school district has no legal authority to issue bonds. All capital projects are part of the City’s Capital Improvement Plan. More information can be found on the Capital Improvement Plan | City of Newton, MA ● Internal Service Funds are used to account for self-insurance activities of the City. Examples include the Group Health Insurance Fund and Workers Compensation Fund. ● Trust and Agency Funds are used to account for assets held by the City in either a trust or custodial nature. Examples include the Rainy-Day Stabilization Fund, the NPS Education Stabilization Fund, Student Activity Funds, and the Other Post Employment Benefit (OPEB) Fund. Classification of Revenues and Expenditures Newton Public Schools classification of revenue adheres to the requirement of the Massachusetts Department of Elementary and Secondary Education (MA DESE). Revenues are tracked by funding sources through separate funds. Revenues are classified as: • State Aid (Chapter 70, Circuit Breaker, Charter Tuition, and Massachusetts School Building Assistance –MSBA) • Federal Grants (Massachusetts Department of Elementary and Secondary Education and Other) • State Grants (Massachusetts Department of Elementary and Secondary Education and Other) • Private Grants • Revolving and Special Funds (School Lunch, Athletics, Pre-School, etc.)
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