HPS FY 16 Operating Budget May 11 2015

HPS FY 16 Operating Budget May 11 2015 Update Changes in Projected Needs and Costs since April 6, 2015 Proposed Allocation of TM Approved Bottom Line

Closing the “Gap” School Committee (3/2/15) Vote $45, 858, 702 BOS (3 -2 -15) and Ad. Com (3 -915) Votes $45, 413, 720 Budget Gap as of Ad. Com and BOS votes $444, 982 April 6 th Proposed Reductions $294, 487 Proposed New SC Bottom Line with above reduction $45, 564, 215 Remaining Gap to meet Revoted SC Budget on 4 -6 -15 $150, 495

April 6 th Suggested Options for Meeting $150, 495 “Gap” Target Savings from remaining unknowns TBD • fuel assumptions adjustment savings (+/- $15 -20 K) • Reduction in midday K transportation (from $35 K to something significantly less) • additional personnel or tuition changes • status of Governor’s recommended “flat tuition” increase for special education tuitions (maximum of $48 K) • Elimination of (or reduction in) 2. 65 FTE HS “new teacher” request ($146, 523) • Some combination of above bulleted items

Recommendations from the HPS Administration 5 -11 -15 • Accept the administration’s 5 -11 -15 proposed reductions from the prior slide. • Agree that any further personnel savings that may occur be used to restore the $44, 418 that is needed to fully fund the (2. 625 HS and 2. 88 MS) secondary FTEs that were part of the original SC vote. • Request that the SC be informed of any specific changes that would allow for that to happen.