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Franklin MA - Financial Impact Full-day vs Tuition-based Kindergarten
 

Franklin MA - Financial Impact Full-day vs Tuition-based Kindergarten

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Miriam Goodman, School Business Administrator for the Franklin, MA Public Schools presented this to the School Committee on Tuesday Jan 11, 2011.

Miriam Goodman, School Business Administrator for the Franklin, MA Public Schools presented this to the School Committee on Tuesday Jan 11, 2011.

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  • Current method of reporting K is based on the full time equivalent, which in our case most times, equals a headcount. Switching to half day or tuition based K, you would still be servicing 428 students, but state regulations require that they be reported as a .5 because they only attend half day or they are required to pay for a half day.
  • Based on 496 FTE for FY11– If Kindergarten foundation enrollment decreases by half, the expected decrease in the foundation budget for K students would decrease by half as well in the following year (One year Lag time). Students in different programs or grades have different costs associated with them so therefore, the amount of aid for 428 K students could be significantly less than that for 428 HS students. Our overall foundation budget for FY11 is 54.5M. Loss of 1.7M would bring it to 52.8M So, …Why is this important?
  • Foundation Budget is a major factor in the calculation of Chapter 70 aid. RLC is based on Municipal Growth Factors and the community’s ability to pay. But assuming that is level, if FB decreases, so will CH70..
  • Given a number of assumptions, the estimated one year savings approximates $465,000. -- Permanent loss of K grant (220K) - Loss of Lunch Revenue -
  • MANY Variables in estimating revenue- f/r lunch, tuition cap, sliding scale, IEP… estimated savings year 1 only $1.3M -- Loss of CH 70 in FY13 – added costs for clerical staff to collect tuition – added transportation costs

Franklin MA - Financial Impact Full-day vs Tuition-based Kindergarten Franklin MA - Financial Impact Full-day vs Tuition-based Kindergarten Presentation Transcript

  • Financial Impact of Half Day or Tuition-Based Full Day Kindergarten Miriam Goodman School Business Administrator
  • Foundation Enrollment
    • Full Day Kindergarten
    • 428 FTE*
    • Half Day or Tuition-Based Kindergarten
    • 214 FTE*
    *Full Time Equivalent
  • Foundation Budget
    • An “adequate” spending level for a school district
    Full Day Kindergarten $3.4 Million Half Day or Tuition-Based Kindergarten $1.7 Million
  • Basic Education Funding Formula Foundation Budget Required Local Contribution Chapter 70 Aid _ =
  • Impact of Half Day Kindergarten
    • Short-term (one year) savings in FY12 leads to a reduction in Foundation Budget which will impact Chapter 70 funding beginning in FY13.
  • Impact of Tuition-Based Full Day Kindergarten
    • Shifts the burden of a currently state-funded program to the local taxpayers.
    • Audio file synchronized with the presentation document as a service of Franklin Matters
    • For additional information on Franklin, MA schools and overall town business visit
    • http://FranklinMatters.blogspot.com/