FY'26 Budget Document (December 10, 2024)

Wellesley Public Schools: Fiscal Year 2026 Budget

Operations (340 code) accounts for 4.72% of the total budget. This category includes network and computer technology, business office, information management, utilities, production center, McKinney Vento transportation, and in-district transportation. Student Services (360 code) accounts for 29.64% of the total budget. This category includes inclusion services, in and out-of-district transportation, and out-of-district educational placements.

The table below provides the same information in a more detailed format.

Health Benefits: As a municipal school district, the Town carries employee benefit costs (health insurance, retirement, etc.) for benefit-eligible school employees in their budget. Health benefits are budgeted for by the Select Board in consultation with the Human Resources Department. In fiscal year 2024, the Town’s contribution to active school employee’s health coverage was $10.2M and for retired school employee’s health coverage the amount totaled $1.8M. To assist the Town with budgeting for expected health benefit increases, the Town requires all departments to include an estimate of the average cost of health benefits for all new employees being proposed as part of the departmental budget. For planning purposes, the Town has provided the district with the following guidelines for health benefit costs:

o Instructional Support Professionals (ISP): Add $7,500 per 0.50 FTE or greater change. o All other staff: Add $20,000 per 0.50 FTE or greater change.

Below is an example of the analysis and calculations completed each year: Town Issued Budget Guideline (All In)

$2,960,164 or 3.25%

New positions included in the budget: Budgeted New Position

Health Benefit Impact

FTE Impact

Position Unit

Additional Elem. Section Additional Class Section New Teaching Assistant Total Budgeted New Hires

+1.00 FTE +0.20 FTE +1.00 FTE +3.20 FTE

$20,000 Unit A Position $0 Unit A Position $7,500 Unit C Position

$27,500

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