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

The RSU #38 School Board met on April 10, 2019, for the final FY20 School Budget meeting.

At the April 3^rdmeeting the board was informed that the health insurance rates came in at a 0% increase which resulted in reducing the proposed budget by $214,485.00. In addition, the propane, heating fuel, and diesel bids came in lower than expected saving the district almost $38,000. Several other reductions were made to requested positions, maintenance contracts and projects. Please visit the Maranacook Website at http://www.maranacook.org/budget/for a complete list of the Summary of Budget Changes as well as all the budget documents for the FY20 budget development.

At the April 10^thmeeting, the proposed budget included further reductions as well as an increase of a Grade 5 teacher at Readfield Elementary School and the increase of one day to the Technology Integrationist position.

The following documents were distributed:

FY20 Summary Budget – Board Approved 4.10.19

20 Revenue Summary 4.10.19

20 Revenues Local 4.10.19

20 Summary Budget Changes 4.10.19

The RSU #38 School Board voted to adopt the proposed Version 5, RSU #38 FY20 School Budget, for a total of $18,591,474.00, which represents a 3.75% increase over FY19. In addition, the Board voted to adopt the proposed 20 Adult Ed Budget 4.10.19 for a total of $205,412.00.

The Annual Budget Meeting will be held on Wednesday, May 15, in the Maranacook Community High School gymnasium at 7:00 pm. At this meeting, citizens will vote on the warrant articles of the proposed FY20 RSU #38 School Budget. Please make every effort to attend this important meeting.

Sincerely,

Jay Charette

Superintendent of Schools

For a complete listing of all budget documents, please visit our Budget pages.

Maranacook Area Schools/RSU #38

Budget Update #6