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2023-2024 Budget

2023-2024 Board of Education Approved Budget
Click here to read an updated budget brief reflecting the budget approved by the Town Council on April 5, 2023.

The original budget brief representing the budget going into the Public Hearing can be found by clicking here.

For the entire, printer-friendly budget book representing the Board's 2023-2024 operating budget as approved by Town Council, please click here.  Individual budget book components can be viewed by clicking the links below.

Background:
   Introduction Letter
   Board of Education & Administrative Team
   Mission Statement & Strategic Objectives
   Budget Timeline

Enrollment & Staffing Information:
   Enrollment Projections
   Class Size Information  (updated 3/3/23)
   Certified Staff FTE
   Non-Certified Staff FTE

Request by Object:
   Detailed Explanation of Objects (updated 4/21/23)
   Budget Object Summary (updated 4/21/23)
   Budget Object Graph (updated 4/21/23)

Request by Cost Center:
   Budget Overall Summary (updated 4/21/23)
   Lewin G. Joel, Jr. School
   Jared Eliot Middle School
   The Morgan School
   Special Services
   Central Office
   Maintenance
   District-wide (updated 4/21/23)
   Athletics

District Information:
   Projected Tuition
   Grant & Revenue Information
   Per Pupil Expenditure Information (updated 4/21/23)
   Capital Budget
   Debt Service


Budget Development Process

The Board of Education's Budget & Finance subcommittee first met in November to review budget drivers and assumptions for the development of the 2023-2024 budget.  The Budget & Finance subcommittee then held several meetings in January 2023 to review and discuss budget requests prior to the presentation of the Superintendent’s Proposed Budget.  At these meetings, district administrators and directors presented their requests for each cost center: Joel, Eliot, Morgan, Special Services, Central Office, Maintenance, District-wide and Athletics.  Technology requests are embedded within the appropriate cost center.  Board members also had the opportunity to ask questions and provide input.

Those cost center presentations can be viewed by clicking below:
     Athletics
     Joel
     Eliot
     Morgan
     Maintenance
     Special Services
     Technology
     Central Office & District-wide

On January 23, 2023, the Superintendent presented the proposed 2023-2024 operating budget of $35,565,410, which is an increase of $1,013,206 or 2.93%, to the Board of Education.  A video of that meeting can be viewed here.  A printable version of the slides used by the Superintendent in the presentation can be found by clicking here. 

At its regular meeting on February 6, 2023, the Board of Education approved the 2023-2024 operating budget in the amount of $35,446,476.  This is an increase of $894,272, or 2.59%, over the previous year's budget.

The Town Council made a reduction to the operating budget in the amount of $350,000 at its meeting on March 8, 2023.  This brings the Board of Education 2023-2024 operating budget request to $35,096,476, which is an increase of $544,272 or 1.58%.

At the Public Hearing on April 5, 2023, the Town Council added $200,000 back into the Board's operating budget bringing the total 2023-2024 operating budget request to $35,296,476, which is an increase of 2.15%.
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