Wellesley Public Schools: Fiscal Year 2026 Budget
Wellesley Public Schools, like all municipal school districts in Massachusetts, may not carry forward unexpended general fund revenue. All year-end balances in the General Fund are returned to the Town of Wellesley. The table below provides the historical turnback to the Town of Wellesley from the general fund:
FY
FY’2018
FY’2019
FY’2020
FY’2021
FY’2022
FY’2023
FY’2024
% Return Amount
1.29%
0.25%
1.70% 3.83% 1.34% 1.29% $1,304,366 $3,079,039 $1,106,939 $1,093,553
0.32%
$934,719
$187,171
$278,979
COVID-19 Impact
The Financial Section: Revolving Funds provides the fund balance data when Wellesley has the legal ability to carry forward fund balances from one year to the next. Function Categories In Level 1 through 3, the data is summarized by the Massachusetts Department of Elementary and Secondary Education (MA DESE) function codes. A brief explanation of the function codes is listed below. (1000) District Leadership & Administration: These activities involve the expenses related to the administration of the district (i.e., School Committee, Superintendent’s Office; Finance; Human Resources; Legal; etc.). (2000) Instructional Services: These activities involve the teaching of students, supervising staff, developing, and utilizing curriculum materials and related services. (3000) Other School Activities: These activities involve non-instructional services to students, staff, or the community (i.e., transportation, food services;). (4000) Operations and Maintenance: These activities involve the physical plant and maintenance activities for grounds, buildings, and equipment. (5000) Benefits and Fixed Charges: retirement and insurance programs, rental of land and buildings, debt service for current loans, and other recurring items, which are not provided for under another function. (7000) Acquisition, Improvement and Replacement of Fixed Assets: Acquisition of land or existing buildings, improvements of grounds, construction of buildings, additions to buildings, remodeling of buildings, or acquisition of initial or additional non instructional equipment exceeding the $5,000 unit cost and $150,000 extraordinary maintenance cost as defined in 603 CMR 10.00. Costs corresponding to revenue received as a lump sum or progress payment revenue receipt from Massachusetts School Building Authority (MSBA) whether or not outstanding Bond Anticipation Notes (BANs) exist. Costs directly related to a school construction project supported through local appropriation. Expenditures should include the principal portion of a loan (including BANs), the cost of a lease/purchase agreement, costs directly related to a school construction project supported through local appropriation, and costs corresponding to revenue received/earned as a grant receipt from MSBA whether or not outstanding BANs exist.
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