FY'26 Budget Document (December 10, 2024)

Wellesley Public Schools: Fiscal Year 2026 Budget

CHILD DEVELOPMENT LAB REVOLVING FUND (Fund 0028) Director/Program Coordinator:

High School Family / Consumer Science Department Head

Program Description:

The Child Development Laboratory (Child Lab) program at the High School provides a learning environment for students to become experienced in early childhood education and care. Fees are charged for the children who are enrolled in the program. Program capacity is 18 children.

Fee Structure:

$6,450 per child tuition (excluding deposit) ($300 deposit per child remitted in prior fiscal year) Total tuition for the year: $6,750

Fund Restrictions:

Funds can be used to compensate employees or pay for contracted services, equipment, and materials to operate the program.

Fund Balance Evaluation Rating:

A. Fund Balance at Target

Child Lab

FY’22 Actual FY’23 Actual FY’24 Actual

FY’25 Proj.

FY’26 Proj.

Beg. Balance

$7,681

$11,397

$26,918

$45,165

$53,268

Revenue

Tuition

$102,063

$111,615

$117,505

$118,800

$121,500

Expenditure Salary and Other Compensation

$94,293 $4,054 $11,397

$90,779 $5,315 $26,918

$93,845 $5,413 $45,165

$100,697 $10,000 $53,268

$102,071 $10,000 $62,697

Other Expenses Ending Balance

Full Time Equivalent (FTE)

Child Lab Teacher

0.70 0.80

0.60 0.80

0.60 0.80

0.60 0.80

0.60 0.80

Child Lab Teaching Assistant

Deposits Collected in Advance (liability) Expendable Balance as of June 30th

($5,100)

($4,800)

($5,400)

($5,400)

($5,400)

$6,298

$22,118

$39,765

$47,868

$57,297

The FY’26 Budget includes a proposed tuition rate increase of $150 per child raising tuition from $6,600 per year to $6,750 per year. The tuition rate increase will cover contractual salary increases and related program expenses. This increase will raise the daily rate (at an expected 161-day year) to $41.93 per child, far less than other childcare programs.

Munis Fund Code:

0028

Munis Organization Code:

2803-9349: Revenue 2832-9349: Expense

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