Wellesley Public Schools: Fiscal Year 2026 Budget
SPECIAL EDUCATION RESERVE / STABILIZATION FUND (Fund 0083) Director/Program Coordinator:
Assistant Superintendent for Finance and Operations
Program Description:
The law enables municipal districts to establish a reserve fund that can be used in future years for unanticipated or unbudgeted costs of special education, out of district tuition or transportation.
Fee Structure:
No fees associated with this program
Fund Restrictions:
Funds may only be distributed or expended from the reserve fund after a majority vote of the School Committee and a majority vote of the Select Board. The balance in the reserve fund cannot exceed two percent of the actual net school spending of the school district.
Fund Balance Evaluation Rating:
D. Fund Balance Outside Guidelines
Stabilization Fund
FY’22 Actual FY’23 Actual FY’24 Actual
FY’25 Proj.
FY’26 Proj. $1,928,241
Beg. Balance
$1,427,061 $1,410,044 $1,687,559 $1,815,741
Revenue
Town Contributions
$0
$170,667 $104,333 $12,271
$0
$0
$0
Municipal Medicaid Receipts
$57,000 ($58,847)
$63,938 $70,128
$75,000 $50,000
$65,000 $50,000
Interest Earned
Expenditures
Other Expenses
$0
$0
$0
$0
$0
Municipal Medicaid Expenses
$15,170
$9,757
$5,884
$12,500
$13,500
Ending Balance $2,029,741 When the fund was created, Wellesley was in the application process for a Medicaid provider authorization number which has since been granted. Since then, Wellesley has sought federal Medicaid reimbursement for eligible services with the revenue being deposited into this fund through a vote of Town Meeting. Changes to the Medicaid reimbursement program over the past three years have resulted in fewer eligible claims for the district. Our billing history has been: $1,410,044 $1,687,559 $1,815,741 $1,928,241
Fiscal Year 2017 Fiscal Year 2018 Fiscal Year 2019
44 30
Fiscal Year 2020 Fiscal Year 2021 Fiscal Year 2022
1 2 3
Fiscal Year 2023 Fiscal Year 2024
2
18
5
State Authorization: Local Authorization: Munis Fund Code:
Section 24 of Chapter 218 of the Acts of 2016 2017 Annual Town Meeting (Article 10)
0083
Munis Organization Code: Maximum Fund Balance:
8398-2203
FY’24 Maximum $2,030,519 (2% of Wellesley’s Actual FY’23 Net School Spending)
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