NEWTON PUBLIC SCHOOLS ALL FUNDS SUMMARY
FY26 ADJUSTED BUDGET
FY23 ACTUAL
FY25 ACTUAL
FY27 BUDGET
Revenue by Source
FY24 ACTUAL
Operating Budget City of Newton State Grants Federal Grants
$260,224,732 $36,888,691 $14,118,095 $6,250,290 $274,646 $4,057,621 $8,638,198
$270,157,843 $283,525,671 $297,469,624 $314,574,126
$37,486,004 $13,934,132 $9,031,024 $291,876 $4,610,918 $9,485,843
$38,840,947 $16,855,963 $5,283,668 $540,977 $6,077,971 $11,038,999
$44,332,421 $16,593,527 $4,751,439 $225,656 $6,077,971 $11,400,150
$45,662,394 $15,017,433 $4,448,698 $205,800 $6,077,971 $11,742,155
Private Grants & Gifts School Lunch Program Other Special Revenue
Revenue Total: $330,452,273
$344,997,640 $362,164,196 $380,850,788 $397,728,576
FY26 ADJUSTED BUDGET
FY23 ACTUAL
FY25 ACTUAL
FY27 BUDGET
Expenditures by Function
FY24 ACTUAL
District Leadership/Admin. (1000) Instructional Services (2000) Other School Activities (3000) Operations & Maintenance (4000) Benefits & Fixed Costs (5000) Community Services (6000)
$7,582,256 $187,089,899 $23,148,346 $20,598,162 $52,981,024 $2,068,348 $191,690 $19,113,547 $13,316,983
$8,166,509
$8,388,738
$8,576,903
$8,850,172
$195,396,827 $204,796,859 $217,988,809 $228,216,976
$24,851,837
$28,012,334
$27,050,823
$27,009,342
$21,677,234 $53,005,842 $1,926,478 $253,926 $19,276,442 $13,530,612
$21,167,419 $57,660,724 $1,874,750 $162,754 $19,305,503 $16,196,877
$20,769,787 $63,507,189 $1,930,993 $167,637 $22,645,077 $16,702,569
$22,283,377 $68,056,398 $1,988,922 $172,666 $23,324,429 $18,910,787
Fixed Assets (7000) Debt: Retirement and Services (8000)
Out of District Tuition (9000)
Expenditure Total $326,090,255
$338,085,707 $357,565,958 $379,339,787 $398,813,069
Difference from Revenue
$4,362,018
$6,911,933
$4,598,238
$1,511,001
-$1,084,493
Major Shifts from the Current Year From FY26 to FY27, revenue is projected to increase by $16.9 million, or 4.4%, mainly due to a $17.1 million increase in the operating budget appropriation. This growth is partially offset by anticipated reductions in state, federal, and private grant revenue. Expenditures are projected to increase by $19.5 million, or 5.1%, driven principally by instructional services, benefits and fixed costs, out-of-district tuition, and operations and maintenance. Changes in Fund Balances Annual revenues exceeded expenditures from FY23 through FY26; however, the annual surplus declined from $7.0 million in FY24 to a projected $1.5 million in FY26. The FY27 budget reflects expenditures exceeding revenues by approximately $1.1 million, representing a planned use of accumulated fund balances and reserves. Plans to Address Negative Trends The district will closely monitor grant revenue, special education costs, enrollment, staffing, and other significant expenditure drivers throughout FY27. Recurring costs will not be supported indefinitely with one-time fund balances. Future budgets will align ongoing expenditures with sustainable revenue and adjust spending if reserve balances decline below appropriate levels.
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