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Nashoba Regional School District

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FY24 Budget Updates to

NRSD School Committee

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March 1, 2023

Kirk Downing, Superintendent

Ross Mulkerin, Business and Operations Manager

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The NRSD Mission

Together, we inspire and challenge all learners to realize their unique potential and become active contributors to their community

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Our Vision

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Nashoba Regional Core Values

We Value…

academic achievement and personal growth;

voice, choice, and agency;

lifelong learning;

a safe, caring, and inclusive community;

collaborative partnerships;

innovation;

a sense of belonging

FOR ALL.

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3/1/23 Updates to FY24 Proposed Budget

(since NRSC Meeting on 2/15/23)

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Updates from Governor’s Budget

  • Received Chapter 70
    • $9,777,036 for FY24 (up from $9,093,116 in FY23)
  • Update on Foundation Enrollment
    • Updated on slides and within the FY24 Updated Budget
    • Updates to Assessments for Member Towns
  • Update on Charter School Tuition
    • $9,286 less than proposed budgeted (Net cost to district of $506,461)
  • Regional Transportation Reimbursement is expected to funded at 90%
    • Additional $117,966 expected in Regional Transportation Reimbursement

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3/1/23 Updates to FY24 Proposed Budget

(since NRSC Meeting on 2/15/23)

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Additional Budget Updates:

  • ERate Offset to Technology Hardware
    • $60,000 Offset (reduces Hardware request to $418,100)
  • Heating Oil Update
    • Based on collective bid participation, additional savings of 25,600
  • Received FY22 E&D Certification on February 17th
    • Certified at $1,499,142

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Updated Proposed FY24 NRSD Budget = $64,902,630 (4.3 % increase from FY23)

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FY24 Budget Drivers

(updated 3/1/23)

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Estimated FY24 Revenues (as of 3/1/23)

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Foundation Enrollment (Five year average)

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High School Enrollment for Capital Assessment

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3/1/23 Updated Assessment Projection

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Annual Percentage Increase in Total Budget

(updated 3/1/23)

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Voted Budget

Voted Increase

FY18 Voted

$52,076,385

3.49%

FY19 Voted

$54,114,104

3.91%

FY20 Voted

$55,733,801

2.99%

FY21 Voted

$58,029,848

4.12%

FY22 Voted

$59,122,941

2.06%

FY23 Voted

$62,225,818

5.25%

FY24 Proposed

(Updated 3/1/23)

$64,902,630

4.30%

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Summary of FY24 Budget Work Updates

(1/18/23 Budget Workshop to Present)

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NRSC Date

Summary of Updates

Adjustment

Proposed Operating Budget

Proposed % Change from FY23

1/18/23

Budget Workshop- Initial presentation of FY24

N.A.

$65,532,703

5.31%

2/1/23

Expanded leveling of supplies in depts; leveled OT and Temp Help in custodial; updated for edits post-workshop

-$105,861

$65,426,842

5.14%

2/15/23

Initial statement of Health and Dental Insurance

-$429,326

$64,997,516

4.45%

3/1/23

Foundation enrollment updated; Chapter 70 updated; Charter School Assessment; Erate offset updated; Oil cost updated, Regional Transportation Reimbursement Updated

-$94,886

$64,902,630

4.30%

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Unresolved Budget Factors (updated for 3/1/23)

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  • New Contract for Unit A and Unit C (to be negotiated)
  • School Choice Assessments