FY'26 Budget Document (December 10, 2024)

FY'19 Actual

FY'20 Actual

FY'21 Actual

FY'22 Actual

FY'23 Actual

FY'24 Actual

FY'25 Budget

$ Change

% Change

EOY Report Description

Notes

1420 Human Resources

$ $

45,613 $ 45,613 $

46,695 $ 46,695 $

60,664 $ 60,664 $

45,019 $ 45,019 $

75,108 $ 75,108 $

59,876 $ 59,876 $

61,587 61,587

$ $

1,711 1,711

3.75% Employee assistance program

1000 Series General Administrative Services

3.75%

4110 School Custodial Services 4120 Heating of School Buildings 4130 School Utility Services 4210 Maintenance of Grounds 4220 Maintenance of Buildings 4230 Maintenance of Equipment 4000 Series Operations and Maintenance 5100 Employee Retirement Contribution 5100 Series Employee Retirement Contribution

$ 2,188,888 2,139,488 $ $ 2,092,700 2,286,917 $ $ 2,216,793 2,332,033 $ $ 2,603,834 $

271,801 12.42%

$ $ $

561,935 $ 900,912 $ 195,248 $

462,089 $ 698,903 $ 186,813 $

537,638 $ 703,204 $ 216,097 $

540,495 $ 783,969 $ 214,224 $

492,806 $ 814,680 $ 213,867 $

548,101 $

720,676 $

172,575 30.71% Natural gas & fuel oil 539,116 59.84% Electricity, water, sewer 191,395 98.03% Plowing and athletic fields

878,919 1,418,035 $ $

408,795 $

217,400 $

$ 1,596,312 1,585,194 $ $ 1,622,238 1,689,896 $ $ 1,776,823 1,905,129 $ $ 1,712,084

$

(193,045)

-12.09% Allocation of facility staff (68.43%)

$ 1,097,000 $

862,000 $

223,000 $

205,423 $

95,149 $

248,623 $

896,000 $

647,377 59.01% Cash capital

$ 6,540,295 5,934,487 $ $ 5,394,877 5,720,925 $ $ 5,610,118 6,130,205 $ $ 7,759,424 $ 1,629,219 24.91%

$ 1,759,503 1,867,703 $ $ 1,651,427 1,709,358 $ $ 1,836,152 1,891,858 $ $ 1,907,870 $ $ 1,759,503 1,867,703 $ $ 1,651,427 1,709,358 $ $ 1,836,152 1,891,858 $ $ 1,907,870 $ $ 1,004,899 1,044,931 $ $ 1,050,453 1,056,116 $ $ 1,111,176 1,166,754 $ $ 1,163,310 $ 8,291,699 8,643,478 $ $ 7,749,023 7,555,135 $ $ 9,076,243 10,230,007 $ $ 10,928,438 $ $

16,012 0.91% Non-MTRS retirement contribution

16,012 0.91%

5200 Medicare Tax

(3,444)

-0.34% Percent of total payroll (68.43%)

698,431 8.42% Reflects actual based on 9/23/2024 enrollment 79,939 614.16% Actual costs related to school personnel

5200 Group Health Insurance 5200 Unemployment Insurance 5200 Workers' Compensation

$

13,016 $ 202,512 $

13,016 $ 207,317 $

218,369 $ 169,269 $

49,978 $ 167,486 $

87,437 $ 648,347 $

17,551 $ 479,058 $

97,490 $ 506,620 $

$

27,562 13.61% Percent of total payroll (68.43%)

5200 Series Insurance for Active Employees

$ 9,512,126 9,908,742 $ $ 9,187,114 8,828,716 $ $ 10,923,203 11,893,370 $ $ 12,695,858 $

802,488 8.44%

5250 Retiree Group Health

$ 1,762,072 1,334,296 $ $ 1,334,296 1,420,069 $ $ 1,444,376 1,929,328 $ $ 1,837,700 $ 1,762,072 1,334,296 $ $ 1,334,296 1,420,069 $ $ 1,444,376 1,929,328 $ $ 1,837,700

$ $

(91,628) (91,628)

-5.20% Reflects actual based on 9/30/24 enrollment

5250 Series Insurance for Retired Employees

-5.20%

5260 General School Insurance

$ $

139,536 $ 139,536 $

136,028 $ 136,028 $

164,922 $ 164,922 $

191,057 $ 191,057 $

221,819 $ 221,819 $

232,121 $ 232,121 $

287,789 $ 287,789 $

55,668 39.90% School portion as reported by MIIA

55,668 39.90%

5260 Series Other Non-Employee Insurance

5500 Other Fixed Charges 5260 Series Other Fixed Charges

$ $

9,892 9,892

$ $

- -

$ $

- -

$ $

- -

$ $

- -

$ $

- -

$ $

- -

$ $

- -

0.00% Non-contributory retirement for school empl.

0.00%

5550 School Crossing Guards 5550 Series School Crossing Guards

$ $

68,887 $ 68,887 $

65,769 $ 65,769 $

41,305 $ 41,305 $

42,026 $ 42,026 $

42,109 $ 42,109 $

48,137 $ 48,137 $

139,919 $ 139,919 $

91,782 133.24% 91,782 133.24%

7100/7200 Purchase of Land & Buildings 7000 Series Purchase of Land & Buildings

$ $

- -

$ $

172,308 $ 172,308 $

169,701 $ 169,701 $

333,752 1,745,368 $ $ 8,808,254 6,888,127 $ $ (1,920,127) 100.00% MSBA Related Expenses

333,752 1,745,368 $ $ 8,808,254 6,888,127 $ $ (1,920,127) 100.00%

8100 Long-Term Debt Retirement/Sch. Construct. 8100 Series Long-Term Debt Retirement/Sch. Con.

$ 7,578,000 7,400,000 $ $ 7,078,500 7,564,000 $ $ 10,722,067 9,250,000 $ $ 10,490,000 $ 1,240,000 16.36% Principal Payments $ 7,578,000 7,400,000 $ $ 7,078,500 7,564,000 $ $ 10,722,067 9,250,000 $ $ 10,490,000 $ 1,240,000 16.36%

8200 Long-Term Debt Service/Sch. Construct. 8200 Series Long-Term Debt Service/Sch. Construction

$ 2,795,924 2,648,155 $ $ 2,419,078 2,738,550 $ $ 5,696,437 4,462,597 $ $ 4,711,140 $ $ 2,795,924 2,648,155 $ $ 2,419,078 2,738,550 $ $ 5,696,437 4,462,597 $ $ 4,711,140 $

248,543 8.89% Interest Payments

248,543 8.89%

9110 School Choice (Tuition)

$ $

7,610 7,610

$ $

8,572 8,572

$ $

19,948 $ 19,948 $

37,188 $ 37,188 $

46,869 $ 46,869 $

39,651 $ 39,651 $

49,577 49,577

$ $

9,926 9,926

130.43% State assessment based on enrollment

9110 Series School Choice

130.43%

Town of Wellesley Total

$ 30,219,458 29,522,755 $ $ 27,521,831 28,630,659 $ $ 38,363,626 44,745,397 $ $ 46,828,991 $ 2,083,594 6.89%

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