Wellesley Public Schools: Fiscal Year 2026 Budget
Fiscal Year 2018 2019 2020 2021 2022 2023 2024
Balance Carried Forward
Receipts $108,000 $662,978 $33,421 $639,877 ($1,847) $287,272 $134,066
Expenses $1,867 $8,337 $4,387 $2,624 $15,170 $9,757 $5,884
$106,133 $760,774 $789,808 $1,427,061 $1,410,044 $1,687,559 $1,815,741
The costs associated with administering the School Based Medicaid contract are charged to this account.
• Non-National School Lunch Program Revolving Funds: In FY’23, the Wellesley Public Schools established guidelines on revolving fund balances to: • Ensure compliance with state and federal guidelines. • Maintain sufficient funds to cover the working capital need for each fund’s expected use. • Ensure that each fund’s balance does not exceed its intended need. Each fund presented in the Revolving Fund section of the budget will be evaluated against the following recommendations:
A. Fund Balance at Target B. Fund Balance Over Target: Multi-Year Use May be Determined C. Fund Balance Under Target: Draw Downs May be Placed on Hold/Reduced D. Fund Balance Outside Guidelines E. Fund Balance in a Deficit
• National School Lunch Program (NSLP) Revolving Fund: The Massachusetts Department of Elementary and Secondary Education (MA DESE) recommends maintaining a fund balance in the Food Service Revolving Fund equal to three months of operating expenses. Wellesley has maintained at or slightly below the recommended fund balance. • Earned Interest: Except for the Food Service Revolving Fund and the Special Education Reserve/Stabilization Fund, all earned interest is deposited to the Town’s general fund and not maintained by the separate funds. • Expenses Incurred: Only expenses related to the fund’s purpose can be charged to the fund. For instance, revenue received from Athletics cannot be used to fund textbook replacements. Since the fund balance is not a recurring revenue source, the district is cautious about charging recurring expenses against fund balances. Relevant Laws, Regulations and Policies Massachusetts General Laws (MGL), Code of Massachusetts Regulations (CMR), School Committee policies and Town of Wellesley policies guide the Wellesley Public Schools in all aspects of our work. Below is a summary of the most relevant of each.
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