Chariho School Parents’ Forum

March 29, 2010

update from Sylvia

Filed under: 1 — Editor @ 10:02 pm

                  CHARIHO            SCHOOL COMMITTEE OVER-ESTIMATED EXPENSE OR UNNECESSARY TAXATION                                                                           

              General Fund        Revenue     Total surplus                                                    

Fy 06 Adopted Budget $46,085,400    $1,922,621                                                                 

 Actual             $44,093,756    $2,630,703                                                                 

Surplus $1,991,644      $708,082         $2,699,726                                                     

FY 07 Adopted            $48,552,771    $2,691,434                                                                 

 Actual $46,483,664    $3,560,165                                                                 

Surplus $2,069,107      $868,731         $2,937,838                                                     

FY 08 Adopted            $50,327,187    $2,999,876                                                                 

 Actual $48,048,414    $3,389,019                                                                 

Surplus $2,278,773      $389,143         $2,667,916                                                     

FY 09 Adopted            $51,559,070    $3,598,605                                                                 

 Actual $50,221,870    $3,235,691                                                                 

Surplus (Deficit)            $1,337,200      ($362,914)       $974,286                                                        

FY 06 is the year the taxpayers cut 2 million. The School Committee stated the entire 2 million was too much due to contractual obligations.                                                                                     

So, voters restored some funding. However years later, the taxpayers learned the budget could have sustained an even larger cut. The audit                                                                                       

proved they ended the year with a surplus of $2.699 million, even after claims the 2 million cut was too excessive.                                                                                             

Fy06, 07, 08, 09 data from Chariho Year-End Audits, capital budget not included.                                                        Prepared by Sylvia Thompson 3/26/10                        

Exhibit 1

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Chariho Budget

Filed under: 1 — Editor @ 9:56 am

Sylvia asked me to post this Chariho budget information.

Chariho2008002 (Chariho Audit 2008)

Chariho2009003 (Chariho Audit 2009)

  2004-2005 2005-2006 2006-2007 2007-2008  2008-2009
General Fund Budget $43,897,020 $46,085,400 $48,552,771 $50,327,187 $51,559,070

        FY 06      FY07       FY08  FY09 Proposed Fy10/11
Amt. Chariho Demanded $44,162,779 $45,861,337 $47,327,311 $47,960,465 $48,607,924
Amt. Chariho Spent $41,463,053 $42,923,499 $44,659,395 $46,986,179