Newton Public Schools FY25 Digital Budget Book

FY25 SCHOOL COMMITTEE APPROVED BUDGET BY ACCOUNT

BUDGET SUMMARY

FY24 ADJUSTED BUDGET FY25 APPROVED BUDGET CHANGE FROM FY24 BUDGET

FY23 ACTUAL

Account Name

$

FTEs

$

FTEs

$

FTEs

$

%

Salaries Summary SALARIES

$186,885,348 2,118.2 $192,301,608 2,164.5 $204,181,730 46.2 $11,880,122

6.2% 3.3% 5.7%

BENEFITS

$42,897,792

$41,500,709

$42,888,627

$1,387,918

$229,783,139 2,118.2 $233,802,317 2,164.5 $247,070,357 46.2 $13,268,040

Expenses Summary UTILITIES

$4,954,063 $4,655,558 $2,749,881 $8,180,454 $6,529,503 $2,151,867 $1,741,971 $1,420,000 $32,383,297

$6,301,519 $4,286,031 $2,758,681 $7,197,350 $8,895,519 $2,263,738 $1,891,009 $1,259,250 $34,853,096

$6,358,974 $5,009,546 $2,388,812 $7,270,348 $8,801,751 $2,268,849 $2,019,120 $1,459,250 $35,576,650

$57,455

0.9%

MAINTENANCE

$723,515 16.9%

CONTRACT SERVICES

($369,869)

-13.4%

TUITION

$72,998

1.0% -1.1% 0.2% 6.8%

TRANSPORTATION

($93,768)

SUPPLIES

$5,111

EQUIPMENT ATHLETICS

$128,111

$200,000 15.9%

$723,554

2.1%

STABILIZATION CREDIT

($4,100,000)

($4,100,000)

TOTAL

$262,166,437 2,118.2 $268,655,413 2,164.5 $278,547,007 46.2 $9,891,594

3.7%

NOTE: The format of this report matches that of the regular monthly fiscal update reports. District-wide costs are summarized by budget account line item.

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