Wellesley Public Schools: Fiscal Year 2026 Budget
February 2025
Presentation of FY’26 School Committee voted budget to the Advisory Committee (2/5/25)
March 2025
Preparation for Annual Town Meeting
April 2025 May 2025 June 2025
Annual Town Meeting: FY’26 Wellesley Public Schools Budget (Article 8) (4/1, 4/2, 4/7, 4/8, 4/14, and 4/15 - Additional Days as Needed)
Enrollment update presented to School Committee (5/27/25)
FY’25 and FY’26 budget updates presented to School Committee (6/24/25)
Financial Overview: All Funds
The FY’26 Budget includes summary and detailed information about all fund types: general fund, grant funds, revolving funds, 1 cash capital fund and Town of Wellesley funds. Local property taxes and state education aid (Chapter 70) are the primary sources of revenue for the general fund. Grant fund revenue can be derived from federal, state, or local grants. Revolving fund revenue is directly related to the purpose of the specific fund. Cash capital funds are operating funds dedicated to non-building capital projects, typically information technology and furniture, fixtures, and equipment (FF&E). Below is an “all in” view of the Wellesley Public Schools budget. Revenues are provided by source and are described below; expenses are provided by state function code and object. An explanation of the state function codes is included in the Financial Section introductory narrative. The first table provides historical, current, and projected revenues by source.
The second table provides historical and current revenue by source and indicates the variance between fiscal years 2025 and 2026.
1 A revolving fund “Allows a community to raise revenues from a specific service and use those revenues without appropriation to support the service.” Massachusetts Department of Revenue.
Page 12 of 410
Made with FlippingBook Digital Proposal Creator