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Waterville Valley School Budget

School Year 2023 – 2024

Version 5.0

�Budget Hearing – Monday Feb 6^th, 2023 6:15pm

�District Meeting – Monday Mar 13^th, 2023 6:00pm�

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Article 02 Operating Budget

To see if the school district will vote raise and appropriate the amount of one million eight hundred thirty-four thousand nine hundred seven dollars ($1,834,907) for the support of schools, for the payment of salaries for the school district officials and agents, and for the payment of statutory obligations of the district. This article does not include appropriations contained in special or individual articles addressed separately. The School Board recommends this article 3-0 (Majority vote required)

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The School Budget Includes….

Maintenance of the WVES School building including the recreation department
Personnel to educate K-8 grades
Tuition to educate 9-12 grades��

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Budget Overview

State requires us to raise a minimum of $627,557 for education

If the budget is less, the state keeps the remainder
This number changes annually

The budget presented is $1,834,907

An increase of $49,263 (2.75%) over the previous budget

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Cost to Educate

Regular Education = $1,003,147
Special Education = $274,713
Tuition to PRHS = $198,000
SAU Services = $120,840
Building Operations = $232,954

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Building Improvements

Fire Alarm System - $65,000 (Approved in 2022)

The fire detectors are from 1990 or older, some original from 1974
New system pinpoints the exact location of the triggered detectors
This did not happen

Supply Chain issues and timing changed the price to $150,000.
Met with Fire Chief and he agreed that this can wait.
This will be an unreserved balance at the end of the fiscal year (June 2023) which will make a positive impact on the tax rate.

Building Improvement Services

Down $732,499
Remove the $585,000 Bond and the number is $147,499

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Budget Highlights

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Regular Education	$48,529 Increase	HS Tuition from 6 to 9
Special Education	$21,508 Increase	Change in Demographics
Co-Curricular	-$4,154 Decrease	Change in Programming
Health Services + Guidance	$3,076 Increase	Speare Hospital Nurse
Psychological Services�Speech and OT/PT	$6,925 Increase	Change in Demographics

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Improvement of Instruction	$3,713 Increase	Training
Library Services	$1,390 Increase	COLA and 3D Printing
SAU Services	$28,005 Increase	Based on Property Values
Principals Office	$10,888 Increase	Change in Personnel
Building Services	$147,499 Decrease	No Major Improvements
Debt Service	$23,914 Increase
Health Insurance	-$8,410 Decrease	Change in Personnel
Total	$49,263 Increase

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Tax Impact

Adds $0.10 from the tax rate

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Property Value	Tax Increase
$250,000	$25.00
$500,000	$50.00
$750,000	$75.00
$1,000,000	$100.00

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Revenues

Last year we received a 1-time Adequacy Aid for $163,342

This was 42 cent credit on the tax bill

Last year we had a surplus of $158,897

This was 44 cent credit on the tax bill

Total: $322,239 or 86 cents decrease on the tax bill.�
This year we don’t know what the surplus will be.
We will not get the 1-time Adequacy Aid.
The fire alarm money ($65,000) may be a surplus�
2022 Warrant Article to 2023 Warrant article is a $49,263 increase.

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Article 02 Operating Budget

To see if the school district will vote raise and appropriate the amount of one million eight hundred thirty-four thousand nine hundred seven dollars ($1,834,907) for the support of schools, for the payment of salaries for the school district officials and agents, and for the payment of statutory obligations of the district. This article does not include appropriations contained in special or individual articles addressed separately. The School Board recommends this article 3-0 (Majority vote required)

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