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Proposed Operating Budget

FY 2026

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Overview

As the second year of the State Budget Biennium, State funding is expected to stay near static for Fiscal Year ‘26, and revenue numbers reflect current DOE funding.

The FY ‘25 school budget was adopted with the first step of increasing compensation for teachers and staff to better align our scales with our partner districts.

Our proposed budget reflects the second step toward compensation parity, the increased costs of goods and services to address the school’s needs and funding capital projects.

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Revenue

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Revenue Overview

Total Proposed Increase:

$619,516

Fiscal Year

Amount

FY ‘24

$10,589,799

FY ’25

$11,895,952

FY ‘26

$12,515,468

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Revenue Detail

Total FY ‘26:

$12,515,468

Description

Amount

Local Contribution:

797 students x $10,863

(6.4% tuition increase)

$8,657,811

Building Rental

$7,000

Salary Supplement Incentive

$12,500

Dual Enrollment

$30,000

Technology Initiative

$26,000

Building Reserve and Carryover

$200,000

State Contribution

$3,582,157

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Expenses

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Expenses Overview

FY ‘26:

$12,515,468

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Major Expense Detail-Additions

Total Additions: $619,516 *

*Also includes incremental increases for inflation in certain areas

Description

Amount

Salary/Benefits

$453,628.21 (Continues decompression and parity three-year plan)

Maintenance and Repair

$150,000 (Replace 1 RTU)

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Major Expense Detail-Reductions

Total Reductions: $51,201.80

Description

Amount

Security

$22,201.80

Administrative Fees

$10,000

Professional Development

$5,000

Copier Lease/Purchase

$4,000

Substitute Teachers

$10,000

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Conclusion

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Thoughts Going Forward

  • Funding outlook for FY’26 (6.4% Tuition Increase)
  • One-to-one initiative would require an additional .6% Tuition increase sustained for the next 4 years (Total Tuition Increase FY’26 7.0%)
  • Need to continue de-compress salary scale
  • Need to find a way to fund capital improvement separately from general operating budget
  • Funding from the Commonwealth expected to be somewhat static

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Next Steps

  • February 21- March 19 – Public Comment Period
  • March 20- Request for Budget Approval