Amherst Public Schools Financial Projections Overview
The Amherst School Committee met on January 21, 2024, to discuss financial projections for FY26. The projections include payroll and expense accounts, assumptions and unknowns, and their implications for the school budget. Changes in staff positions and budget allocations have been detailed in the report.
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Presentation Transcript
Amherst School Committee January 21, 2024
Assumptions / Unknowns $750k of School Choice Applied $185k UMass Support from Strategic Partnership Circuit Breaker Applied Estimated 13% Increase in Health Insurance Estimated 10% Increase in Transportation Assumes 3% Increase over FY25 from Town of Amherst Accounts for Steps/COLAs for union negotiations
Amherst Public Schools FY26 Projection 12.17.24 FY20 Actual $$ FY21 Actual $$ FY22 Actual $$ FY23 Actual $$ FY24 Actual FY25 Budget $$ FY26 Projected Increase % PAYROLL ACCOUNTS: Salaries Contracts Substitutes 15,977,528 649,164 126,771 16,145,544 212,517 100,012 16,652,616 689,989 245,185 16,776,358 684,068 249,122 17,583,290 836,490 310,506 18,419,982 671,921 270,427 19,612,450 599,669 270,427 1,192,468 (72,252) 6.5% -10.8% 0.0% - $$ $$ $$ $$ $$ $$ Increase % EXPENSE ACCOUNTS: Regular Education Special Education Other Programs Student Services Support Services Program and Staff Development School Administration Central Administration Information Systems Facilities Utilities Transportation Food Service Risk & Benefits Control Accounts TOTAL EXPENSES % change from prev year 55,104 390,851 3,959 90,996 11,881 152,131 31,398 121,914 101,582 122,830 311,659 328,202 142,000 4,803,171 12,287 23,433,429 62,343 839,676 3,826 15,868 15,510 56,126 251,829 92,441 81,499 125,918 276,749 319,675 70,000 4,575,879 23,246,911 4,520,612 (157,743) 24,196,451 73,073 637,147 3,602 54,105 24,892 162,964 51,228 114,770 109,070 158,383 330,976 525,581 4,835,665 23,522 24,911,285 65,987 641,796 3,686 27,053 25,784 153,107 53,113 167,307 94,621 158,274 404,110 547,713 55,476 383,962 3,675 11,539 25,661 236,669 60,488 157,641 98,570 217,435 341,022 566,882 1,480 4,980,157 25,876,274 89,403 238,448 4,100 38,575 26,045 336,981 53,144 182,466 125,090 199,450 406,537 544,615 7,500 5,522,325 (166,590) 26,970,419 68,403 207,644 4,100 38,575 26,045 346,981 53,144 207,716 140,170 199,450 406,537 627,519 7,500 6,283,845 157,500 29,257,675 761,520 324,090 2,287,256 (21,000) (30,804) -23.5% -12.9% 0.0% 0.0% 0.0% 3.0% 0.0% 13.8% 12.1% 0.0% 0.0% 15.2% 0.0% 13.8% -194.5% 8.5% - - - 10,000 - 25,250 15,080 (0) - 82,904 - - - 1,500 5,330 0.9% -0.8% 4.1% 7.2% 6.9% 11.5% 8.5% Town Budget Target Projected Add (Reduction) 27,779,532 $ (1,478,143) $ 809,113 3.00%
What does this mean for Amherst Public Schools? Central Office # of Positions Impacted (Reduced or Restructured/Reallocated ) 5 BO/Supt/Operations (Facilities/Food Service) $150,000 Elementary Schools Unit A (teachers) Unit B (clerical) Unit C (paras) $504,000 $40,000 $120,000 8.2 1 4 Other Reduction in ODP Placement/Transport Savings in Licenses (unused- not renewed) $250,000 $57,000 -$1,121,000
