SWOOSH, NOTHING BUT NET

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Massachusetts Department of Elementary and Secondary Education
Office of School Finance
Chapter 70 Net School Spending Compliance, FY13


163
163 LYNN
School Committee
City/Town
Total
1
Administration (1000)
4,528,162
1,791,714
*
6,319,876
2
Instruction (2000)
89,139,202
0
*
89,139,202
3
Attendance-Health (3100, 3200)
2,719,228
0
*
2,719,228
4
Food Services (3400)
718,954
0
718,954
5
Athletics/Student Activities/Security (3500,3600)
2,203,283
0
2,203,283
6
Maintenance (4000)
4,663,129
11,534,802
*
16,197,931
7
Employer Retirement Contributions (5100)
0
8,936,669
8,936,669
8
Insurance (5200)
278,711
20,544,389
20,823,100
9
Retired Employee Insurance (5250)
0
0
0
10
Rentals (5300)
33,333
0
*
33,333
11
Short Term Interest (5400)
0
0
0
12
Tuition (9000)
6,419,465
8,365,981
14,785,446
13
Total School Spending (lines 1 through 12)
110,703,467
51,173,555
161,877,022
14
FY13 School Revenues
14a) FY13 School Revenues *
388,494
0
388,494
14b) FY13 Charter Reimbursement
0
1,741,085
1,741,085
14c) Subtotal, School Revenues (14a+14b)
388,494
1,741,085
2,129,579
15
FY13 Net School Spending (13 minus 14)
159,747,443
16
FY13 Chapter 70 Required Net School Spending
165,707,824
17
Carryover from FY12
2,625,575
18
Total FY13 Net School Spending Requirement (16 + 17)
168,333,399
19
Shortfall in Net School Spending (18 minus 15)
8,585,956
20
Carryover/Penalty Calculation, Percent Unexpended (19 / 16)
5.18%
21
FY13 Carry-Over into FY14 (Line 19 or 5% of line 16 )
8,285,391
22
Penalty (19 minus 21)
300,565
* Budgeted amounts as reported on FY12 End of Year Pupil and Financial Report, Schedule 19
5/8/2014
Massachusetts Department of Elementary and Secondary Education
Office of School Finance
Chapter 70 Net School Spending Compliance, FY13
163 LYNN
School Committee
City/Town
Total
1
Administration (1000)
4,224,582
1,686,058
5,910,640
2
Instruction (2000)
90,596,639
0
90,596,639
3
Attendance-Health (3100, 3200)
3,101,249
0
3,101,249
4
Food Services (3400)
888,621
0
888,621
5
Athletics/Student Activities/Security(3500, 3600)
2,435,190
0
2,435,190
6
Maintenance (4000)
5,307,721
11,403,519
16,711,240
7
Employer Retirement Contributions (5100)
0
9,477,815
9,477,815
8
Insurance (5200)
300,000
22,599,797
22,899,797
9
Retired Employee Insurance (5250)
0
0
0
10
Rentals (5300)
40,000
0
40,000
11
Short Term Interest (5400)
0
0
0
12
Tuition (9000)
6,655,798
11,092,063
17,747,861
13
FY14 Budgeted School Spending (lines 1 through 12)
113,549,800
56,259,252
169,809,052
14
FY14 Budgeted School Revenues
14a) FY14 Budgeted School Revenues
0
0
0
14b) FY14 Charter Reimb (local districts)
0
2,111,021
2,111,021
14c) Subtotal, NSS Revenues (36a+36b)
0
2,111,021
2,111,021
15
FY14 Net School Spending (13 minus 14)
167,698,031
16
FY14 Chapter 70 Required Net School Spending
173,772,186
17
Carryover from FY13
8,285,391
18
Total FY14 Requirement (16 + 17)
182,057,577
19
Shortfall in Budgeted FY14 Net School Spending (18 - 15)
14,359,546
Carryover/Penalty Calculation, Percent Unexpended (19 / 16)
8.26%
21
Potential Aid Penalty (Amount of Line 19 Greater Than 5% of Line 16)
5,670,937
Chapter 70 Net School Spending Compliance, Budgeted FY14
5/8/2014
Massachusetts Department of Elementary and Secondary Education
Office of School Finance