Chariho Regional School DistrictSuperintendent’s Fiscal Year 2013 Budget

Impacting the FY13 budget… Reduction in state aid to Chariho and

member towns as a result of funding formula

Capital improvement projects of nearly $1.4M; housing aid moratorium

Reduction of 1 support staff and .5 certified staff

Contract negotiations Debt service

Looking at trends…

Looking at trends…

Looking at trends…

Looking at trends…

Looking at trends…

Sources of pride… due to

support… Richmond School #1 in mathematics in RI Ashaway School #1 in science in RI Hope Valley School wins national Blue

Ribbon Award Chariho students experienced the largest

increase in math on state assessments over last five years

Chariho students experienced the seventh largest increase in reading on state assessments over last five years

Improving our program……with

support Advanced Placement Physics, Film Studies,

and CTC Criminal Justice Program (to be proposed)

GEMSNET in grades 6-8 Implementation of Common Core Standards

in mathematics High school boys’ lacrosse and girls’

competition cheerleading teams Middle school girls’ spirit home game

cheerleading squad

Improving our facilities……with

support Hope Valley School heating system

replacement Campus lower field upgrade Richmond School asbestos tile replacement Charlestown School plumbing fixtures and

piping replacement and asbestos tile replacement

Ashaway School asbestos tile and suspended ceiling replacement and wood paneling removal

Replacement of two vehicles

Fiscal year 2013 budget highlights…

Operating ExpensesUp by $843,152 or 1.56%

Capital Up by $594,440 to $1,395,900 (Hope Valley School Heating System Replacement is $675,000)

(Offset by $700,238 in housing aid)

RevenueUp by $271,930 to $2,600,456

(Management Study is $80,000)

Fiscal year 2013 budget highlights…

Re-appropriation of Fund BalanceDown by $499,611 to $966,070

(Leaves 3% fund balance)

Debt ServiceUp by $79,480 to $187,138

(Projected at $233,718/yr. per town; actual amount will be $187,138/yr. per town)

Member Town Contributions w/o Debt ServiceUp by 3.32%

Member Town Contributions w/ Debt ServiceUp by 3.77%

Fiscal year 2013 budget highlights…

Member Town Contributions without Debt Service and Including Shifts in Enrollment

*subject to change based on student data and median family income; must be approved by General Assembly

Charlestown +$712,001 +4.99%Richmond +$244,174 +1.36%Hopkinton +$709,098 +3.95%

QUESTIONS?