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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.

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

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

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