FY'26 Budget Document (December 10, 2024)

Wellesley Public Schools: Fiscal Year 2026 Budget

STUDENT ACTIVITY FEE REVOLVING FUND (Fund 0028) Director/Program Coordinator:

Middle School and High School Principals

Program Description:

The Student Activity Fund was used to collect fees from students who participated in after-school activities. Payment of the fees provided unlimited access to clubs.

Fee Structure:

The fee was eliminated in the FY’23 budget.

Fund Restrictions:

Funds were used to compensate employees or pay for contracted services, equipment, and materials to operate the clubs/program. D. Fund Balance Outside Guidelines (Middle and High School)

Fund Balance Evaluation Rating:

Middle School

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

FY’25 Proj.

FY’26 Proj.

Beg. Balance

$8,951

$11,644

$12,157

$6,956

$0

Revenue

Participation Fees

$22,193

$513

$937

$0

$0

Expenditures

Budget Offset Direct Expenses Ending Balance

$19,500

$0 $0

$6,138

$6,956

$0 $0 $0

$0

$0

$0 $0

$11,644

$12,157

$6,956

High School

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

FY’25 Proj.

FY’26 Proj.

Beg. Balance

$68,877

$83,584

$87,587

$44,021

$0

Revenue

Participation Fees

$35,992

$4,519

$1,206

$0

$0

Expenditures

Budget Offset Direct Expenses Ending Balance

$21,285

$0

$44,772

$44,021

$0 $0

$0

$516

$0

$0 $0

$83,584 $0 In fiscal year 2023, the student activity fees were eliminated. The elimination of student activity fees allows for full student participation without regard to the ability to pay. To close out the fund, the FY’24 and FY’25 budgets included a budgeted offset equal to half of the FY’23 fund balance. $87,587 $44,021

Munis Fund Code:

0028

Munis Organization Code:

2803-2375: WMS Revenue and 2833-2375: WMS Expense 2803-1000: WHS Revenue and 2835-3100: WHS Expense

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