Summary of the Newton Budget – Overview of All Fund Types Newton Public School District receives and expends money from three distinct fund sources, as follows:
Newton’s Total Budget
Revolving Funds: Revenue Sources: •
Grant Funds: Revenue Sources: • Federal Grants • State Grants • Trust Grants • Private Grants • Circuit Breaker • Newton Schools Foundation • E-Rate Reimbursement
General Fund: Revenue Sources: • Property Taxes • Local Revenues • State and Federal Aid
Middle and High School Athletics School Lunch Space Camp
• • • • • • •
Bus Fees Fee-Based Programs
Student Tuition
NCE USB
Expense Sources: •
Expense Sources: •
Expense Sources: • School Operating Budget
Athletics, Academic, & Extracurricular Programs
Special Education Salaries, Tuition, & Transportation Special Grant- Funded Program
Space Camp
• • •
•
NCE
Staffing & Expenses
Non-Resident Student Tuition Vocational School Programs Student Transportation
METCO Program
•
•
•
General Fund revenue is allocated to the school department from the City of Newton and is comprised of three funding sources: property taxes, local revenues, and intergovernmental funds (state and federal aid). These intergovernmental funds almost exclusively consist of Chapter 70 funding. The sum total of the General Fund’s allocation is initially proposed by the Mayor of Newton as an unallocated, grand total bottom-line figure. That figure is then reviewed and allocated to various departments by the Superintendent of Newton Public Schools to be used for staffing and educational programmatic funding. The Superintendent may request funding changes, dependent on projected staffing and programmatic needs. Once the Superintendent has
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