Budget Update #5 – RSU #38 School Board Budget Meeting, March 22, 2019

 “Promoting student success in all areas, as we strive for academic excellence while maintaining fiscal responsibility.”

The RSU #38 School Board met on March 20, 2019, and continued discussion and deliberation on the FY20 School Budget.  There was a time scheduled for Citizens Comment, however, no one signed up to speak.

In response to comments made at the previous March 13, 2019, combined RSU #38 and area Select Board meeting regarding the concern for the increased District budget, the Administrators and Managers met to discuss areas where efficiencies could be made in the general fund budget to assist in funding some of the new requests.

Based on the budget presented this evening, the draft budget stands at $18,773,535.21 which represents a 4.76% increase over the current budget.  This reduction is reflected in the 20 Summary Budget 3.20.19.

We reviewed the anticipated revenues as well as the anticipated carry-forward. The changes in revenue are reflected on the 20 Revenue Summary 3.20.19.

To date, the expected increases in the local contributions are 5.40% for Manchester, 3.32% for Mt. Vernon, 5.87% for Readfield, and 7.77% for Wayne. Additional information is available on the 20 Local Dollar Calculation 3.20.19.

We also reviewed a document listing budget changes since the first draft budget was presented (20 Summary Budget Changes 3.20.19).

The RSU #38 School Board and Administrative Team continue to work on the FY20 Budget as we move forward in our effort of “Promoting student success in all areas as we strive for academic excellence while maintaining fiscal responsibility”.

The next RSU #38 Budget meeting will be held on March 27, 2019, at 6:30 pm in the Maranacook Community High School Student Center.  There will an opportunity for citizen comment regarding the budget. Please make every effort to attend this important meeting.

Sincerely,

Jay Charette
Superintendent of Schools