Wellesley Public Schools: Fiscal Year 2026 Budget
Table of Contents Superintendent’s Letter
Superintendent’s Letter ................................................................................................................................1 ASBO Meritorious Budget Award (Fiscal Year 2025).....................................................................................3 Budget Approval Process and Contact Information ......................................................................................5 Budget Document Format .............................................................................................................................5 Compliance Statement ..................................................................................................................................6 Tab 1: Executive Summary School Committee Members.........................................................................................................................9 Central Office Administration........................................................................................................................9 Advancing District Priorities – Equity and Excellence .................................................................................10 Budget Timeline...........................................................................................................................................11 Financial Overview: All Funds......................................................................................................................12 General Fund ..................................................................................................................................13 Cash Capital Fund ..............................................................................................................13 Town of Wellesley .............................................................................................................13 Capital Fund ................................................................................................................. ...... 13 Grant Funds ....................................................................................................................................14 Other Special Revenue (Revolving) Funds......................................................................................14 Special Education Stabilization Fund..............................................................................................14 All Funds Summary for Fiscal Year 2026 ........................................................................................14 Town Costs for School Debt ........................................................................................................................15 Fiscal Year 2026 General Fund Budget ........................................................................................................16 School Committee Budget Guidelines............................................................................................16 Available Revenue Based on Budget Guidelines ............................................................................17 Budget Architecture ....................................................................................................................................18 Significant Changes to the FY’25 Adjusted Budget .....................................................................................19 Fiscal Year 2026 Budget Recap.......................................................................................................19 Health Benefits ...............................................................................................................................21 Revenue Summary .........................................................................................................................22 Proposed Tuition/Fee Changes ......................................................................................................23 What is a Budgeted Offset?............................................................................................................23 Budget Projection ........................................................................................................................................23 Revenue Summary (Historical, Current and Projected) .................................................................24 Expense Summary (Historical, Current and Projected) ..................................................................25 Summary of Balances by Fund Type (Historical, Current and Projected) ......................................26 General Fund Summary ...............................................................................................................................27 Student Enrollment and Projection.............................................................................................................28 Staff Resources ............................................................................................................................................29 Full-Time Equivalents (FTEs) Changes Reflected in the FY’26 Budget............................................30 Property Taxes ............................................................................................................................................. 30 Comparable Community Data .....................................................................................................................31 Per Pupil Expenditures (In-District Only)........................................................................................31
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