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ANNUAL REPORT OF

CABOT SCHOOL DISTRICT

FOR

2015-2016

Special Information Meeting

Cabot School District FY17 Budget Information Meeting

Monday, February 15, 2016 at 6 p.m.

Cabot School Library

Annual Meeting

Cabot School District Meeting

Monday February 29, 2016 at 7 p.m.

Cabot School Gymnasium

TABLE OF CONTENTS Administrative Reports Officers………………………………………………………………………… 1

Contact Information…………………………………………………………… 2

Warnings………………………………………………………………………. 3-4

School Board Report…………………………………………………………… 5-7

Supervisory Union Report……………………………………………………… 8-12

Principal Report………………………………………………………………… 13-14

Graduating Class of 2015…………………………………………………….… 15

Cabot Faculty and Staff…………………………………………..…………….. 16-17 Budget for 2016-2017 Budget Narrative and Function Descriptions…………………………………… 18-22

Revenue and Expenditure Pie Charts…………………………………………… 23-25

Revenue & Expenditure Summaries………………………………………..….. 26-27

Budget Detail by Function ………….…………………………………………. 28-35

Student Counts..………………………………………………………………... 36

Tax Calculation Chart………………………………………………………….. 37 Education Tax Rates Budget Impact on Tax Rates……………………………………………………. 38

Three Prior Year Comparisons………………………………………………….. 39 Financial Reports Cabot Bond Schedule……………………………………………………………. 40

Cabot Capital Fund……………………………………………………………… 41

Cabot School Treasurer Report…………………………………………………. 42

Auditor Preparation…………………………………………………………..… 43

Washington Northeast Supervisory Union Staff………………………………… 44

Washington Northeast Supervisory Union Treasurer Report……………………. 45

Washington Northeast Supervisory Union Budget Report………………………. 46

Minutes from 2015 Annual and Special Meetings………………………………………. 47-48

Notices…………………………………………………………………………………… 49


School Board Term Expires

Chris Tormey………..………………………………………………………………….. 2016 Jackie Folsom……..……………………………………………………………………. 2016 Ry Hoffman…………….………………………………………………………………. 2017 Sharon O’Connor…..…………………………………………………………………… 2018 Lisa Olson……………..………………………………………………………………... 2017

Officers of the Union District Term Expires Betty Ritter, Treasurer & Clerk…...…………………………………………………. 2017 Ed Smith, Moderator.…………………………………………………………………… 2016

Administration – Cabot School David Schilling…………………………………………………………………………Principal Scott St. John …………………………………………………………...Food Service Director Peter Ackermann …………………………………...…….....Transportation/Facilities Director

Administration – Washington Northeast Supervisory Union Nancy Thomas…………………………………………………………………Superintendent Christina Kimball………………………………..………………………….Business Manager Mark Tucker………..…………………………………………….Director of Special Services Pat Johnson Knoerl……………………………………………………Director of Curriculum

SCHOOL BOARD MEETINGS

Regular Meetings of the Cabot School Board are currently held on the first and

third Monday of each month at 6pm at the Cabot School. This is subject to change with the reorganization of the board on

March 14, 2016

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CONTACT INFORMATION

School Board Chris Tormey, Chair [email protected] (802) 522-9502 Jackie Folsom, Vice Chair [email protected] (802) 426-3579 Ry Hoffman [email protected] (802) 563-2129 Sharon O’Connor [email protected] (802) 563-2144 Lisa Olson [email protected] (802) 563-3132

CABOT SCHOOL P.O. Box 98

Cabot, VT 05647

(802) 563-2289

Administration David Schilling, Principal [email protected] Scott St. John, Food Service Director [email protected] Peter Ackermann, Transportation/Facilities Director [email protected]

WASHINGTON NORTHEAST SUPERVISORY UNION

P.O. Box 470

Plainfield, VT 05667

(802) 454-9924

Administration Nancy Thomas, Superintendent [email protected] Christina Kimball, Business Manager [email protected] Mark Tucker, Director of Special Services [email protected] Pat Johnson Knoerl, Director of Curriculum [email protected]

For More Information Visit Cabot School’s Website

www.cabotschool.org

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mailto:[email protected]












http://www.cabotschool.org/


WARNING FOR ANNUAL MEETING

The legal voters of the Town School District of Cabot are hereby notified and warned to meet at the Cabot School Gymnasium, Cabot, Vermont on February 29, 2016 at seven o’clock in the evening to transact the following business not involving Australian ballot. Australian ballot voting will be held on Tuesday, March 1, 2016 with the polls open from 10:00 a.m. to 7:00 p.m.

Article 1. To elect a Moderator.

Article 2. To elect two school directors by Australian ballot, one for a two year term and one for a three year term.

Article 3. Shall the voters of the Town School District approve the minutes of March 2, 2015 Annual School District Meeting?

Article 4. To hear a report of the School Directors.

Article 5. Shall the voters of the school district approve the school board to expend $3,708,161 which is the amount the school board has determined to be necessary for the ensuing fiscal year? It is estimated that this proposed budget, if approved, will result in education spending of $16,796.63 per equalized pupil. This projected spending per equalized pupil is 4.66% higher than spending for the current year.

Article 6. Shall the voters of the Town School District authorize the Cabot Board of School Directors to hold any audited fund balance as of June 30, 2016 in a reserve fund to be expended under the control and direction of the Board of School Directors for the purpose of operating the school?

Article 7. Shall the voters of the Town School District authorize the Cabot Board of School Directors to borrow money in anticipation of receipt of revenues for the school year beginning July 1, 2016?

Article 8. To transact any other business that may legally come before this meeting.

Article 9. To adjourn.

School Directors

Chris Tormey Lisa Olson Sharon O’Connor Ry Hoffman Jackie Folsom

Attest, Betty Ritter, Town Clerk. Recorded before posting. Dated: January 22, 2016

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NOTICE TO VOTERS

REGISTER TO VOTE: Go to the Cabot Town Clerk’s office, the Department of Motor Vehicles (DMV) or a voter registration agency (Department of Social Welfare, Department of Health (WIC), Department of Aging & Disabilities (home, health, adult day care, etc.) by 5:00 p.m. on Wednesday, February 24, 2016. Your application must be postmarked, submitted or accepted at the DMV or a voter registration agency on or before 5:00 p.m. on Wednesday, February 24, 2016 in order to vote in this election. The Town Clerk’s office will be open from 3:00 p.m. to 5:00 p.m. on Wednesday, February 24, 2016 for the purpose of receiving applications for addition to the check list. If you are homebound, call the Town Clerk for assistance.

EARLY or ABSENTEE BALLOTS: The latest you can request ballots is the close of the Town Clerk’s office on February 29, 2016. The voter or family member may request an early or absentee ballot in person, in writing or by telephone. Other authorized persons may apply for the voter in person or writing. Following are the ways of voting early or absentee: (1) vote in the Town Clerk’s office before the deadline; (2) voter may take the ballots out of the clerk’s office for himself/herself and return in the same manner as if the ballots were received by mail; (3) have a ballot mailed to you, and mail or take it back to the clerk’s office before the election day or to the polling place before 7:00 p.m. on election day; or (4) if you are sick or disabled, ask the Town Clerk to have two justices of the peace bring a ballot to you at your home on any of the eight days preceding the election or the day of election.

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REPORT OF THE CABOT SCHOOL DIRECTORS 2015-2016

During the past year we have continued to work to sustain and improve Cabot School, and have also put a good deal of effort looking into its future. We appreciate the ongoing work of our staff and administrators in providing an outstanding education for our students within our small community school. At the same time, we will continue to research in the coming year whether and how merging with neighboring school districts could potentially improve the educational opportunities and results for our Cabot students.

We experienced a number of changes in staff last year. We did say goodbye to our Interim Principal of one year, Gail Curtis, and welcomed David Schilling as our new Principal. Gail Curtis was really invaluable to our school last year: she got to know all of our students, built good communication with parents and families, and was extremely helpful in mentoring new teachers.

In addition to Ms. Curtis, our school counselor Laura Lacroix retired at the end of last year. Two of our elementary teachers, David McKay and Chelsea Demers also departed Cabot last June, as did our high school social studies teacher Lee Penniman.

We are happy to welcome to our staff this year Claire Greene as our new school counselor, Rebakka Miles and Sarah Adelman as our new teachers in the 5/6 team, and Darrin Dezotelle as our new social studies teacher in the high school.

We are fortunate to have Dave Schilling working as our school’s principal this year. As a result of the variety of teaching positions he’s held at Cabot, Dave knows our school well- its staff, programs and students- and is dedicated to making it better. This year Dave has been closely involved with our facilities research, and with leading our school in the development of proficiencies to gauge our students’ progress. He has also gone above and beyond to ensure clear, timely communication between the school, students’ families and the larger Cabot community.

We’re proud of a variety of improvements across our campus this year. Our school has continued to emphasize project-based learning across all grade levels, including an increase in PBL opportunities for elementary students. All of our high school and middle school students now have access to a personal computer, and elementary classrooms have improved access to technology. With help from a grant from Vermont Rural Partnerships, elementary students now have a new playground to enjoy, and we have invested in a new school bus.

Our students continue to be involved in and succeed at a wide range of activities outside of the classroom: a large portion of our middle and high school students are part of the eclectic musical troupe “The Limes”, and many of those same musicians were part of the very successful boys’ varsity soccer team this past fall which reached the state D-IV quarterfinals before bowing to Sharon Academy.

This past year we have continued our efforts in maintaining our school campus: our major project this past summer was the repainting of the high school building. This coming year we plan to replace a portion of the cafeteria roof as well as several windows in the high school.

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Last winter we brought together a committee to look carefully at our school’s big-picture facility needs with a goal of developing a recommendation on how best to meet those needs in 2016. We are thankful to the members of the school staff, administrators, and community members who volunteered their time to work on that committee between February and May last year. Working with architects from Black River Design, committee members reviewed the current status of the school’s buildings as well as future space needs, and developed two different plans for rebuilding the school’s elementary school campus. One plan reflected the needs of an elementary school that continued to be part of a preK-12 Cabot School campus, while the other plan was developed for a Cabot School of the future that no longer had high school students being educated here in Cabot.

Two community forums were held last spring to share the details of the two building plans as well as their respective costs with members of our community. Because one of the plans hinged on Cabot’s high school students being educated elsewhere (thereby freeing up room in the high school building for elementary students) discussion at the forums included the potential merits and disadvantages of closing the high school, as well as questions about the costs and merits of the two building plans.

It became clear to our board after the second forum that an informed decision on the size of an elementary grades building proposal could only be made after our community reached a decision on whether high school students would continue to be educated here in Cabot. And that decision, in turn, could only be made after we determined whether other neighboring schools could indeed take our high school students, and how their attendance elsewhere would potentially impact the quality as well as the cost of their education.

At the same time last Spring, the Vermont Legislature passed Act 46, which requires all school districts in the state that do not currently enroll 900 or more students to talk with neighboring schools about whether joining their small districts together into a larger district (greater than 900) could improve the opportunities for students in their communities. We have, as a board, begun discussions with administrators and board members from both Danville School and Twinfield Union School.

This winter and spring we’ll be meeting monthly to try to identify what the potential benefits would be for students if our school districts were to join: in addition we will work to identify concerns or questions that would have to be researched and answered before any new, merged district was formed. Any merger would have to be approved by the voters of the communities involved as well as the Vermont State Board of Education. This spring we will hold a community forum to share the results of those preliminary discussions and to get input from students, school staff, families, and the community at large. It’s likely that a more in-depth study of the merits and details of a potential merger will follow this first round of discussions.

The takeaway is that it will certainly be next year before we reach a decision as a community on whether (and how) we will join with one or more neighboring school districts into a larger unit. After that decision is made, we can then revisit the question of our school facilities and the extent of the investment we should responsibly make in them for the future.

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While all those looking-ahead discussions are taking place, we are committed to maintaining and improving the school we are operating now. We are appreciative of the ongoing efforts of our teachers, support staff and administrators to meet the diverse needs of our students and facilitate their growth and success. We are also appreciative of the many community members who support our school and students in a variety of ways.

Our board meetings continue to be held on the first and third Monday evenings of the month beginning at 6:00p.m., in the school library. The first 10-15 minutes of each meeting is set aside for “public comment”. If you have a question, concern, or idea about the school that you’d like to share with us, that would be an ideal time to do so.

Finally, we want to thank the student members of our Board who have for the past several years volunteered their time to share with us their perspectives on what’s happening at school. This year those members are Alisha Celley, Isabelle McCallum and Megan Walker. Their regular updates and observations have been and continue to be extremely helpful.

The Cabot School Board of Directors:

Jackie Folsom Ry Hoffman Sharon O’Connor Lisa Olsen Chris Tormey

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REPORTS FROM WASHINGTON NORTHEAST SUPERVISORY UNION

2015-2016

Nancy Thomas, Superintendent of Schools

Vermont’s education community is in a period of exciting transformation and challenging transitions designed to meet the changing needs of our students and communities. The Cabot and Twinfield Union Schools have continued their work in creating high quality programs with rigorous standards that ensure continuous improvement in student performance. In order to support all of our students, regardless of background, income or disability to become caring, creative, citizens, our schools are making great strides in improving our curriculum, instructional strategies and personalization. At the same time our schools are facing decreasing student numbers and increasing costs. Our school boards, staff and communities are rising to these challenges and addressing all aspects of the structure of education to meet the needs of the children of our community.

Cabot and Twinfield Schools are leaders in personalization and moving towards proficiency based graduation that represents best practice and is also required through Act 77. Each school has already established multiple pathways to graduation with project-based learning, Renaissance classes, early college, dual enrollment and online courses. In 2015 each school was awarded a grant from the League of Innovative Schools to continue that work. Teams of teachers working together have created the structure for Personalized Learning Plans and the framework for Proficiencies that will be needed for graduation. In addition, Washington Northeast Supervisory Union was awarded another grant to support Community Engagement that will help inform and involve parents, students and community members in these exciting changes.

Research has long shown that investment in early learning has big payoffs for students and tax-payers in the future. Both our schools offer exciting play based, nature focused preschool programs that prepare our littlest residents for successful school experiences. With the implementation of Act 166, beginning in August of 2016, both schools will provide preschool education for 3 year olds as well as 4 year olds. Both schools will offer 10 hour per week programs in the school as well as offer the opportunity for vouchers for similar 10 hour/week programs to be used at other pre-approved programs.

We are fortunate to have energetic, dedicated leadership in our schools and central office to support the academic, social/behavioral and operational work of our educators and support staff in the schools. This year we welcomed David Schilling, long-time creative and committed Cabot educator, as Principal for Cabot. In an effort to better coordinate and oversee the many aspects of facility and transportation management in the schools, Peter Ackermann, former Cabot Coordinator AND Vermont Custodian of the Year, has been appointed as Washington Northeast’s Facility Director. Last spring those of us in the central office and the schools were saddened by the sudden death of Laurence Carnahan, Special Services Director. We miss his quirky nature and dedication to our students with the greatest challenges. Our district is very pleased to welcome Mark Tucker to the central office staff as the new Special Services Director. Mark comes to us from Danville and has been a long-time special educator at Waterville School.

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The face of education in Vermont is changing with a 25% drop in the student population in the last 18 years and an increase in student and family needs. Cabot and Twinfield have experienced both these changes.

After years of looking at many proposals to improve the education governance structure of Vermont, the legislature passed Act 46 in the spring of 2015. This landmark piece of legislation is designed to provide equity in the quality and variety of educational opportunities, lead to student achievement of the State’s Education Quality Standards and optimize operational efficiencies. The law requires districts to consider merger into larger governance units to be able to share resources and create flexibility. The Cabot and Twinfield School Boards are responding by studying options for each of their districts. I encourage all residents to become informed and participate in these conversations in the coming months. The long-term success of the youth of these communities depends on the continued strength of our educational opportunities. I thank you for your interest and support of our students.

Pat Johnson Knoerl, Director of Curriculum, Assessment and Professional Development

Think back to when you were in school. What do you remember? I bet you didn’t think of particular facts or subject areas. It’s likely you thought of people…possibly classmates but more likely, you thought of teachers. It’s most likely you thought of a particular teacher. Hopefully we all have memories of that teacher; someone who really connected with us and helped us in some unique and important way.

At our opening day in-service this year, we asked our teachers to think about this. We asked them to think about a good teacher they had and to list some of the characteristics of that teacher. The ‘word cloud’ below gives you an idea of what they came up with. The more often a characteristic was mentioned, the bigger it appears in the word cloud. You see the characteristics most people recall about a special teacher.

Years of research indicate that the single most important factor in student learning is ….the

teacher! That’s not really surprising but when you read about all the innovations in teaching, this very basic fact can be overlooked. As they are our most important resource, we work hard in this district to support our teachers and to help them develop their practice. One way we do this is with on-going professional development and by providing focused time to work together.

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Some of this work together is reviewing assessment results with colleagues to learn what instruction is working and what might need to be changed. Elementary teachers have reviewed reading assessment results and math quarterly assessments together to learn from each other and benefit from the expertise among them. This gives our teachers the chance to talk about instructional strategies, what is working for them or challenges they face. Together teachers can pool ideas for ways to alter instruction to help students who may be struggling, or build on approaches that are proving successful. Our teachers’ greatest resources are each other.

Some of the work teachers are engaged in is around improving instructional techniques, like all the work we’ve done with Mahesh Sharma around math instruction. He will be back in the spring to continue his work with our teachers. In addition, we are working with math teacher leaders from Orange North Supervisory Union to provide peer support and expertise that is more readily available.

Some of this work is giving teachers time and support to figure out new things, like how to personalize learning for every student. How do we provide students more options to pursue areas of personal interest and make that work within our schedule? In our grading system? How do we assure students are meeting graduation requirements and will be prepared for their next steps after graduation? Working out the answers to these questions takes that focused time to work together. There is still a lot of work to do.

In addition to supporting the collaborative work I’ve outlined above, another way we support our teachers is through our teacher mentoring program. We are required to provide a mentor to any teacher who is new to our district. Experienced teachers who are just new to our district receive this support for one year. Teachers who are new to the profession have a mentor for two years. Mentors and mentees meet for about an hour each week to share information, problem-solve, and to discuss whatever is on their minds. Mentors and mentees observe each other. New teachers are encouraged to observe other teachers in similar positions within or outside the district. This collaborative partnership is an important professional growth opportunity for both new teachers and their mentors. This year we have 14 teachers who have mentors. That’s 28 of our teachers who are engaged in this work to reflect on and grow their teaching practice.

The administration, our school boards and this community all clearly value and support our teachers as evidenced by the time teachers have, once a month during early release days. On those days we have four hours to work together to accomplish some of what I’ve outlined here, to learn from colleagues and to work to continually improve their practice. A lot of new and innovative things are happening in our schools because teachers have the time to plan and make it happen.

This is an exciting time in education. At Twinfield and Cabot schools our students’ opportunities continue to expand due in large part to the creative and innovative work of our teachers. Our teachers are first and foremost, what make a difference for our students. By supporting them in their work we can help assure that when someone, down the road, asks your child what they remember about school, they will remember a teacher, maybe several, who made a difference for them every day.

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Mark Tucker, Director of Special Services Providing quality special education services and programming for children and youth with disabilities requires both a high degree of expertise and training along with dedicated professionals. In our rural setting of Cabot, Marshfield and Plainfield, there is the additional challenge of providing the specialized instruction and programing for students with unique or significant disabilities that impedes their access to learning in the classroom setting. To provide comprehensive interventions for all children with disabilities it frequently requires special educators to obtain specific training to insure we are providing the programming the student requires in their Individual Education Plan (IEP). In some cases the specialized intervention needs to be brought into the schools from outside related service providers, such as Washington County Mental Health Services.

The special education teams at Cabot and Twinfield Union Schools continuously demonstrate their dedication to meet the needs of all students with disabilities. When new training or programming is needed, the special educators have participated in comprehensive training and they are constantly learning new programs to be current with new intervention practices and programming. Because we cannot afford to send every special educator to every available training, we use a model of “shared learning,” where team members who attend a workshop present key lessons from the workshop to their colleagues when they get back home.

This serves two purposes – it allows us to spread our professional development budget across a broader selection of subject areas, and strengthens the relationship between the teams at each school who wouldn’t otherwise have an opportunity to interact with their colleagues in the other school.

The determination and professionalism of the special education staff assures that all children in our two schools can and will go on to lead successful lives. Students on IEPs with disabilities in Cabot and Twinfield Union Schools learn and mature in our classrooms with their peers. They are provided with ongoing opportunities to be successful and progress in their academic, social and emotional growth. They rarely if ever feel different or not equal to their classmates, and we work with their classmates to help them understand and accept differences exhibited by their more-challenged classmates. They understand the importance of receiving additional specialized instruction from our special education staffs and they frequently express their appreciation to the adults who work with them. They graduate from our high schools and we strongly encourage them to go on to college or career readiness training, and they do.

Is there a cost? Yes, education is not inexpensive and special education has additional costs associated with the specialized instruction and programming. But education at all levels is a “pay me now, or pay me later” calculation, because the lack of effective education has a far greater cost for our children when they become adults. Students who attend Cabot and Twinfield Union Schools have gone into adulthood with a high level of success and they will continue to as a result of the dedication of our teachers, administration, school boards and the communities of both school districts.

We are in the beginning stages of redefining the student support infrastructure in both schools to fit the Multi-tier System of Support (MTSS) model. This will be a long-range initiative (3-5 years) to integrate support services, assessment, early intervention, special education and behavioral supports into a single cohesive model that will track the needs of all students and match those needs to specific interventions.

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This is not, however, an initiative that will be adding costs to the system; rather, MTSS will improve our decision-making process for choosing, applying and measuring the results of interventions that we already use.

We continue to be challenged by the need to provide learning and behavioral supports to children who are arriving in pre-school and kindergarten with weak academic and social skill sets that make the transition from home to school difficult. This challenge is not unique to the communities in Washington Northeast Supervisory Union – it is being felt in every supervisory union and school district in the State. By providing individual behavior interventionists, bringing in outside related service specialists and offering continuous training opportunities for our special educators we have been working hard to address the early learning needs of our students so that they have the same chance to succeed as their better-prepared peers.

When reviewing your school budgets and the cost of special education, it is important to be aware that unlike much of your school’s budget, which is funded through your local property taxes, special education is only partially funded with local funds and the majority of the cost is funded though both State and Federal funding formulas.

How is special education paid for? Federal IDEA-B Grant (Individuals with Disabilities Education Act) Local Funds with State Reimbursement as Follows:

100% for State Placed Students (Students in foster care) 90% of High cost programs (For costs above $50,000.) 57% for remaining costs (approximate rate adjusted annually) 40% approximate local funding

Local Share 40%

State & Federal Share 60%

2015-2016 Special Education Funding for Washington Northeast Supervisory Union

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ANNUAL PRINCIPAL REPORT – 2015-2016

David Schilling, Principal

“Education is a social process; education is growth; education is not preparation for life but is

life itself.” -John Dewey After six years of teaching in Cabot in various capacities, and getting to know, trust and deeply value this school and community, I am excited to be writing my first principal’s report. It is great to work with our talented team of educators, amazing group of students, and supportive community to help lead Cabot’s continuous evolution as a dynamic and engaging learning environment, in which students feel valued, challenged, and safe. The theme of this school year is “building”. To be specific, we are working to build the structures, systems and supports necessary to meet the demands of a changing world. While schools as institutions must push themselves to be adaptive and agile, we also need to provide a stable environment that meets the needs of our learners. To that end, we are strengthening several key areas of our school this year, and are already seeing the results. In the area of student support, we are fortunate to have two new faces who have already made a big impact on our school environment. Claire Greene joined us this year as our school counselor, and has jumped right in, implementing anti-bullying classes and student support groups, as well as coordinating college and career planning, and maintaining our status as a VSAC Gear-Up school, which provides postsecondary planning support and scholarships to all Cabot students. Taking over as school nurse is Tamara Colten-Stevens, who in a short time has become a caring and trusted individual on campus. Both of these folks play a huge role in building strength and stability at Cabot and supporting students outside of classes. Our elementary team has continued to work on aligned math and writing curricula, focusing on key skills and concepts that will build on strengths and provide a solid foundation for future challenging work. Project-based learning has taken hold firmly in our grades 3 and 4 classroom, and teaches real-world skills such as public speaking and professionalism, coupled with creative, engaging academic content. We hope you’ll come check out an exhibition of learning! The elementary team is also working on coordinating academic and behavioral interventions through a multi-tiered system of support (MTSS), which better ensures that students receive the help they need through a data-based process. At the secondary level, our work on personalized learning continues, guided by grant support and on-site coaching from two organizations who are universally recognized as the best in the business - the Great Schools Partnership and Tarrant Institute for Innovative Education. Work with these great folks continues to help us make learning meaningful at all levels, from the middle school’s phenomenal leadership program, weaving adventure-based leadership with US government and civics to projects like The Limes in high school, where students not only improve as musicians, but learn the business, logistics, and technical skills necessary to function as a traveling band.

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As the educational landscape in Vermont continues to change and evolve, Cabot School looks to the future, and remains excited about the potential of collaboration with neighboring schools, expanding the available offerings to our students. Throughout all of this change, my goal remains to keep the very best interests of Cabot’s youth at the very heart of everything we do. I remain honored to work with your children, grateful for your support, and welcome the community to set up a visit to your school and see our progress firsthand.

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GRADUATING CLASS OF 2015

CABOT SCHOOL

HANNAH BARNHART

REBECCA BLAISDELL

KYLE CELLEY

KAYLA CHURCHILL

HEIDI COOKSON

VIRGINIA FOSTER

BRITTANY HOUGHTON

KLYER LOVELESS

MADELINE MORSE

JOHN “IAN” NALLY

FORREST PAQUIN

MARK SCHUMACHER

GAGE SIRONI

EMMA STECKER

LYRICA STELLE

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CABOT SCHOOL FACULTY & STAFF 2015-2016

Last Name First Name Position Salary

Employer

Benefits

Salary &

Benefits

Adelman Sarah Elementary Teacher $47,212.00 $17,515.40 $64,727.40 Bergman Alison Art Teacher $54,353.00 $22,712.28 $77,065.28 Booth Sheila Para-educator $17,133.00 $21,910.07 $39,043.07 Bothfeld Deb Physical Education Teacher $57,488.00 $12,444.55 $69,932.55 Bothfeld Deb Driver $11,614.00 $888.47 $12,502.47 Boyes Brian Music Teacher $57,131.00 $5,870.52 $63,001.52 Carrasco Hendrich Para-educator $15,877.30 $2,087.86 $17,965.16 Christensen Mark Driver $21,441.00 $3,067.17 $24,508.17 Crocker Michael Math/Science Teacher $55,940.00 $22,833.69 $78,773.69 Daye Sarah Elementary Teacher $48,402.00 $10,897.71 $59,299.71 Deasy Carolyn Kindergarten Teacher $66,957.00 $23,676.49 $90,633.49 Delaney Michelle Athletic Director $11,500.00 $879.75 $12,379.75 Desroches Leah-Marie Music Teacher $24,280.00 $3,005.10 $27,285.10 Dezotelle Darrin Social Studies & Math Interventionist $40,793.00 $10,315.62 $51,108.62 Dimick Dawn Food Service $14,536.00 $16,637.88 $31,173.88 Ferrario Donna Elementary Teacher $63,875.00 $23,440.72 $87,315.72 Gallagher Claire Elementary Teacher $41,261.00 $4,904.15 $46,165.15 Greene Claire Guidance Counselor $44,832.00 $10,624.61 $55,456.61 Grootenboer Charlene Para-educator $17,761.00 $17,061.97 $34,822.97 Hendrix Michael Science Teacher $45,625.00 $10,685.27 $56,310.27 Hewitt Julia English Teacher $39,603.00 $7,584.64 $47,187.64 Hornblas Amy Health Teacher $8,570.00 $955.61 $9,525.61 Kramer Alexis Responsive Interventionist $41,200.00 $12,612.76 $53,812.76 Kruse Holly Librarian $64,669.00 $18,850.86 $83,519.86 Letourneau Cheryl Para-educator $17,133.00 $16,979.39 $34,112.39 Liard Lisa Elementary Teacher $44,435.00 $17,302.96 $61,737.96 Manning Stephenie Administrative Assist/Para-educator $25,285.00 $10,690.82 $35,975.82 Milles Rebakka Elementary Teacher $43,245.00 $10,503.20 $53,748.20 O'Donnell Kaitlyn World Language $44,832.00 $17,333.33 $62,165.33 Pike Leonia Para-educator $25,301.00 $18,053.48 $43,354.48 Pitkin Susan Para-educator $18,390.00 $22,075.37 $40,465.37 Rich Michelle Custodian $15,288.00 $1,169.53 $16,457.53 Ricker Pamela Driver Education Teacher $8,728.00 $967.69 $9,695.69

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Last Name First Name Position Salary Employer

Benefits Salary &

Benefits Savoca Linda Executive Assistant $43,040.00 $25,316.84 $68,356.84 Schilling David Principal $70,000.00 $19,258.68 $89,258.68 St. John Scott Food Service Director $36,670.00 $19,548.51 $56,218.51 Stratman Peter Language Arts/Social Studies Teacher $53,957.00 $22,681.99 $76,638.99 Talamini Lynn Pre-School Teacher $63,082.00 $12,020.73 $75,102.73 Tobin William Math Teacher $56,337.00 $22,864.06 $79,201.06 Werner Eric Custodian/Driver $41,147.00 $25,067.91 $66,214.91 Withers Connie Food Service & Custodian $32,063.00 $18,942.57 $51,005.57

These are the employees as of the beginning of the school year

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NOTES TO BUDGET PRESENTATION

Education Spending:

Under Act 68 a school district creates a budget based on the individual needs of the school. From that total budget the "Local Revenues" are subtracted to leave the amount of "Education Spending" required to fund the rest of the budget. Contrary to what it sounds like Local Revenue is the sum total of all revenues that the school district could expect to collect from sources other than the Education Fund.

As determined above, the "Education Spending" is received by the school district from two sources. First the Act 68 formula that calculates the residential and non-residential tax rates are applied to the Town's "Education Grand List". This determines how much money can be raised locally. Any amount of education spending not raised locally is sent to the school district from the State Education Fund and completes the funding of the budget. See the "Estimated Tax Rate" to view the formula used to calculate the tax rates.

Special Education Funding:

The total cost of special education is paid in the following manner. First, some expenses are fully paid for by Federal Grants, such as IDEA-B grant received by the Supervisory Union. Second, any students that are in the custody of a state agency, attending Cabot School, and have additional expenses are fully reimbursed by the State. Third, Vermont awards a "Mainstream Grant" based on a formula for all the special education needs in the State. The local School District "matches" two thirds of the grant with local money. A fourth component may apply if a special education student's individual cost exceeds $50,000. In this situation any costs are reimbursed at 90% of the amount over $50,000. After all of these revenues are subtracted from the total of special education costs, the State reimburses a portion of the remaining amount. For the last few years the reimbursement rate has been 56% of the net special education costs.

Changes in Special Education Budgeting

One of the major expenditures in school budgets is special education. State law has shifted how special education is provided and budgeted. The Vermont State Legislature enacted Act 153 in 2009 which was subsequently amended with Acts 156 in 2012 and Act 56 in 2013. These laws were enacted to encourage increased efficiency and effectiveness in the delivery of education in Vermont, including in special education. The law now requires that all special education professionals be transitioned to the employment of the Supervisory Union. School Boards were given the option of transitioning the paraeducator staff who works with students with disabilities to the Supervisory Union, but because most of those support staff employees also work part of the time with non-disabled students, the Cabot and Twinfield Boards both decided to maintain the paraeducator staff in the local district budgets. All the special education costs are assessed out to the schools and are shown in the special education function for simplicity’s sake, though some services could alternatively have been shown in health related functions.

You will see the result of these changes in the special education budget line items in the Cabot budget and the pie charts. The cost of professional staff show as professional services, which are assessed from the Supervisory Union.

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The Supervisory Union budget shows the salaries and benefits. For FY17 the staff levels have decreased by .50 FTE. The teachers will continue to provide services for their respective school buildings. The assessment reflects the cost of the services to be provided in the school. Over time, we will work towards a process by which resources, including staff, can be deployed where they are most needed, creating efficiencies and ultimately savings for both schools.

This budget shows the costs to Vermont property taxpayers under Act 68 and does not show the portion of the positions that are supported by federal funds such as Medicaid or Title I. In the past, parts of these funds were shown. Cabot has seven positions that are partially supported in this manner: in health, speech, reading and behavioral support. Unfortunately, the federal funds are being reduced each year.

This budget is presented with the information available at the current time from the Agency of Education and the State Commissioner of Taxes. The tax rate is determined by a combination of the budget, the number of students, the Property Yield (formerly known as Base Amount) set by the Legislature and the Base Statewide Equalized Homestead Tax Rate, set by the Legislature. The tax rate is rising, in part due to the reduction in the number of students. This year Cabot has seen a small increase in the State’s Small School’s grant. Determination of actual property tax rates will be made at the conclusion of the 2016 Legislative Session. The final tax rate is adjusted based on the Common Level of Appraisal (CLA) for your town. The higher the Level of Appraisal, the lower the tax rate. Cabot’s CLA decreased from 101.73% last year to 101.61% this year. Accurate property values create the most equitable property tax bills for residents.

Finally, tax payers should remember that their school tax bill will depend on their household income. Those with a household income of approximately $98,000 or less may be eligible for a reduction under Act 68. Taxpayers must apply for that reduction and complete Household Income Form HI-144 and Property Tax Adjustment Claim Form HS-122. You can get more information by looking online at www.state.vt.us/tax/propertyadj.shtml

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BUDGET CATEGORY DESCRIPTIONS

All school districts are required by the VT Department of Education to follow Handbook II in the design and implementation of accounting and budgeting systems. Handbook II separates items into two major components. First are Functions, which is the grouping of activities that have a specific purpose. Within the Functions are Object Codes. These serve to describe the nature of the expenditure in the area of activity. Each Function contains the same groups of Object Codes. While most object codes mean the same thing in each function (salaries and wages) others will relate to the activity being performed. Supplies for example are different in the Instruction function than in the Plant Operation function, but both bear the same 600 series Object Codes. Function Name Description of Activities Instruction All regular education activities conducted in the classroom

including tuition paid for students to area high schools. Usually, the largest area of costs.

Special Education Activities involving students who are eligible for specialized

services and have individualized education plans designed to ensure an appropriate education. Items such as occupation and physical therapy, psychological counseling and evaluations are included as professional services. Tuition for programs dealing with students whose needs cannot be met in the local school is included under tuition, as well as transportation to those programs.

Guidance Office of the school guidance counselor who works with non-

special education students, parents and teachers to provide counseling on learning problems, social development and career plans.

Nurse Activities associated with nursing such as health inspections,

treatment of minor injuries and referrals for other health services. Speech Activities which identify assess and treat children with speech,

hearing and language impairments. Students may be regular education or special education students.

Student Support Specialized instruction of a non special education nature for

students who are having some difficulties. Includes Title I activities for remedial math and reading recovery. Also may include dealing with students on discipline issues.

Library Activities such as selecting, acquiring, preparing, and circulating

books and other printed material. Coordinate learning activities with teaching staff for using the library and guiding individuals in the use of using library books.

20

Professional Development Continuing professional education of the staff. May involve workshops, college courses and conferences in specialized areas of instruction or enhancement of skills.

Tech Support Activities related to acquisition, maintenance and student

use/learning of technology, specifically computers and software. School Board General administration and policy development of the school

district, including educational content, personnel, budget and fiscal matters.

Principal’s Office Activities concerned with directing, managing and supervising the

operation of a school. Activities are performed by a principal and clerical staff.

Fiscal Services Activities directly related to day to day fiscal operations of the

school. Included are budgeted amounts for Tax Anticipation Borrowing interest for cash flow purposes. Coordinates with School District Treasurer for investing and cash flow activities. This could be employees of the district or of the supervisory union on professional services expenditure.

Plant Operation Activities concerned with keeping the physical plant open,

comfortable and safe to use. Keeps the grounds, buildings and equipment in effective working condition and state of repair.

Transportation Activities related to conveying students to and from school, and to

and from co-curricular activities, in compliance with state and federal laws for the operation and maintenance of vehicles.

Facility and Debt Service Related to budgeting for improvements or building of additions or

new school buildings. Debt service includes the budgeting for long term debt principal and interest payments. Usually related to long lived assets such as buildings or major assets (busses or kitchen equipment)

21

Object Code Description of Grouped Object Codes The same object code groups are included in each function. 100 series Salaries and wages. Teacher, para-educator, administrative and

custodial are categorized under the function in which they work 200 series Benefits. For each function where salaries or wages are paid

benefits are included. Not all employees receive all the benefits. FICA, worker compensation, unemployment compensation are mandatory by law for each employee. Health, disability, life and dental insurance are awarded by contract or school policy.

300 series Professional services. Services that can be performed only by

persons or firms with specialized skills and knowledge. A product may or may not result, with the delivery of a service as the primary reason for hiring of the professional. Consultants, doctors, accountants, architects, and lawyers are examples. Special education may have significant professional services for evaluation and treatment of students. Also included here is supervisory union assessments.

400 series Services used to operate, repair, maintain, and rent property owned

or used by the school. These services are provided by someone other than school district employees.

500 series Services provided by organizations or personnel not employed by

the school, other than professional or repair services. Items such as property, fidelity and liability insurance, tuition paid to other school districts, transportation contracts for student bussing, advertising, telephone and travel costs for employees.

600 series Supplies and materials. All forms of supplies for operation of the

school. Paper, textbooks, heating oil, electricity, periodicals and workbooks, classroom audio-visual and computer software are all considered as supplies.

700 series Equipment and other long lived assets. Building, computers,

machinery for the building and grounds and vehicles. 800/900 series Other and Transfers. Items that are not classified elsewhere. Dues

and fees, interest for both short (less than 1 year) and long term borrowing and repayment of principal. Transfers are to special funds for some future use, but also to cover a deficit in a specific fund such as hot lunch.

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Type Revenues Percent AmountLocal Tuition from other schools 0.92% 34,000

Interest 0.42% 15,520Athletic Receipts 0.04% 1,366

E-Rate 0.06% 2,300Miscellaneous 0.19% 7,000

State Special Education 7.51% 278,647State Placed 0.98% 36,450Transportation 1.06% 39,311Small Schools Grant 3.99% 147,836Mainstream Grant 1.98% 73,486Vocational Tuition 1.93% 71,406Essential Early Education 0.33% 12,206Driver Education 0.02% 650Vocational Transportation 0.40% 15,000

Education Spending Cabot Share 52.11% 1,932,439State Share 28.06% 1,040,544

100.00% 3,708,161

FY17 BudgetGeneral Fund Revenues

Tuition from other schools, 0.92%

Interest, 0.42% Athletic Receipts, 0.04% E-Rate, 0.06%

Miscellaneous, 0.19%

Special Education, 7.51%

State Placed, 0.98%

Transportation, 1.06%

Small Schools Grant, 3.99%

Mainstream Grant, 1.98%

Vocational Tuition, 1.93%

Essential Early Education, 0.33%

Driver Education, 0.02%

Vocational Transportation, 0.40%

Cabot Share , 52.11%

State Share, 28.06%

Cabot FY17 Revenue

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Object Name Percent Amount

100 Salaries & Wages 40.61% 1,505,810

200 Benefits 14.18% 525,655

300 Professional Services 28.38% 1,052,217

400 Property Services 4.07% 150,970

500 Other Services 4.19% 155,497

600 Supplies 4.06% 150,625

700 Equipment 1.59% 59,125

800 Other & Interest 1.25% 46,483

900 Principal & Specific 1.67% 61,780

100.00% 3,708,161

Budget FY17

Salaries & Wages, 40.61%

Benefits, 14.18%

Professional Services, 28.38%

Property Services, 4.07%

Other Services, 4.19%

Supplies, 4.06%

Equipment, 1.59%Other & Interest, 1.25%

Principal & Specific, 1.67%

Cabot FY17 Proposed Budget Expenditures by Object

25

Function: RevenueBudget FYE Actual FYE Budget FYE Budget FYE

Title June 30, 2015 June 30, 2015 June 30, 2016 June 30, 2017 Incrs/(Decrs)Local Ed Fund Local Share 0 0 0 0 0

Tuition from other schools 132,800 74,120 102,000 34,000 (68,000)Interest 12,450 19,193 15,520 15,520 0Athletic Receipts 1,000 1,561 1,000 1,366 366Services to other Schools 0 0 0 0 0E-Rate 0 0 2,300 2,300 0Miscellaneous 9,300 9,969 7,000 7,000 0

Total 155,550 104,843 127,820 60,186 (67,634)

State Education Fund Payments 2,817,257 2,819,454 2,919,641 2,972,983 53,342On-Behalf Vocational Payments 95,175 92,978 94,637 71,406 (23,231)Small Schools Grant 123,600 125,997 129,051 147,836 18,785Transportation aid 36,700 36,574 22,540 39,311 16,771Mainstream Grant 70,200 70,211 72,298 73,486 1,188Special Ed Reimbursements 279,500 293,377 321,247 278,647 (42,600)Special Ed Extraordinary 46,000 0 0 0 0

State Placed Students 0 65,971 0 36,450 36,450

Essential Early Education 14,635 14,635 15,074 12,206 (2,868)Driver Education Reimbursement 800 441 650 650 0Voc Ed Transportation 0 0 0 15,000 15,000High School Completion 0 0 0 0 0

Small Schools Stability Grant 36,000 37,159 0 0 0Other Grants/Services 0 0 0 0 0

Total 3,519,867 3,556,797 3,575,138 3,647,975 72,837

Other Federal Grants 0 0 0 0 0Prior Year Revenues 0 844 0 0 0

Reserve Fund Transfer 0 0 0 0 0

Prior Year Expense Refund 0 0 0 0 0

Total 0 844 0 0 0

Totals 3,675,417 3,662,485 3,702,958 3,708,161 5,203 0.14%

As of: January 11, 2016

Local Revenue 663,772

Cabot School DistrictFY15 Budget/FY15 Actual/FY16 Budget/FY17 Proposal

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Function TitleBudget FYE

June 30, 2015Actual FYE

June 30, 2015Budget FYE

June 30, 2016Budget FYE

June 30, 2017Budget

Incrs/(Decrs)

1000 Instruction 1,590,932 1,571,475 1,496,026 1,585,447 89,421

1200 Special Education 628,978 668,536 500,542 403,750 (96,792)

1400 Co-Curricular 52,684 46,243 51,730 64,727 12,997

2120 Guidance 78,219 76,811 63,075 62,614 (461)

2121 Student Support 41,880 36,528 38,834 40,146 1,312

2130 Health 36,129 32,507 39,300 40,086 786

2140 Psychological Services 0 (1,654) 148,870 201,975 53,105

2150 Speech 0 1,084 2,500 0 (2,500)

2160 OT Services 0 0 14,000 14,233 233

2190 PT Services 0 775 3,500 3,442 (58)

2210 Professional Development 26,500 33,920 29,000 30,000 1,000

2222 Library 130,527 105,968 115,433 92,909 (22,524)

2290 Technology 72,477 79,549 87,003 90,373 3,370

2300 S.U. Assessments & School BRD 157,329 155,819 175,312 177,947 2,635

2400 Principal's Office 232,821 222,564 222,773 225,719 2,946

2500 Fiscal Services 90,213 94,239 97,398 112,853 15,455

2600 Plant Operation 314,673 360,609 354,239 341,252 (12,987)

2700 Transportation 76,824 63,133 66,399 99,092 32,693

4000 Construction Activity 10,000 7,368 30,000 50,000 20,000

5000 Debt Service 135,231 107,084 167,024 71,595 (95,429)

5000 Transfers 0 20,159 0 0 0

5000 Prior Year 0 0 0 0 0

Total Expenditures 3,675,417 3,682,717 3,702,958 3,708,161 5,203 0.14%

Total Revenue 3,675,417 3,662,485 3,702,958 3,708,161

Surplus/(Deficit) 0 (20,233) 0 (0)


Version: 1.5

Budget FYE Actual FYE Budget FYE Budget FYE Budget

Number Name June 30, 2015 June 30, 2014 June 30, 2016 June 30, 2017 Incrs/(Decrs)

100 Salaries & Wages 1,626,445 1,655,471 1,530,114 1,505,810 (24,304)

200 Benefits 559,416 528,717 522,184 525,655 3,471

300 Professional Services 792,347 823,577 923,496 1,052,217 128,721

400 Property Services 109,317 106,736 120,280 150,970 30,690

500 Other Services 218,511 235,467 195,881 155,497 (40,384)

600 Supplies 171,513 139,814 149,775 150,625 850

700 Equipment 34,827 37,477 59,874 59,125 (749)

800 Other & Interest 41,498 40,322 45,654 46,483 829

900 Principal & Specific 121,543 115,137 155,700 61,780 (93,920)

Totals 3,675,417 3,682,717 3,702,958 3,708,161 5,203


Version: 1.5

Cabot School DistrictFY15 Budget/FY15 Actual/FY16 Budget/FY17 Proposal

Cabot School District

Function Summary

Objects Summary

FY15 Budget/FY15 Actual/FY16 Budget/FY17 Proposal

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Instruction

Regular Ed Instruction Function 1100For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 966,209 994,071 911,925 959,514 47,589100 Staff Salaries 0 16,993 13,457 8,144 (5,313)100 Substitutes 33,321 38,400 35,000 44,104 9,104200 Benefits 286,644 285,620 265,389 289,180 23,791300 Professional Services 70,302 41,431 49,371 19,600 (29,771)400 Property Services 2,000 1,285 3,050 1,050 (2,000)500 Other Services 157,511 140,694 148,950 112,275 (36,675)600 Supplies 42,810 19,798 23,825 23,595 (230)700 Equipment 4,000 7,513 6,600 6,575 (25)800 Other 860 194 3,535 570 (2,965)900 Principal & Specific 0 0 0 0 0

1,563,657 1,546,000 1,461,102 1,464,606 3,504

Regular Ed Instruction Pre K Function 1100For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 8,489 8,643 18,843 64,150 45,307100 Staff Salaries 0 9,413 7,340 25,712 18,372100 Substitutes 0 223 0 0 0200 Benefits 1,697 6,418 8,741 30,979 22,238300 Professional Services 17,089 40 0 0 0400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0

600 Supplies 0 738 0 0 0700 Equipment 0 0 0 0 0

800 Other 0 0 0 0900 Principal & Specific 0 0 0 0

27,275 25,476 34,924 120,840 85,916

Special Ed Instruction Function 1200For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0100 Staff Salaries 114,597 106,446 85,795 88,347 2,552100 Substitutes 19,729 6,774 15,000 10,000 (5,000)200 Benefits 92,179 83,241 84,093 87,017 2,924300 Professional Services 378,892 414,381 280,903 206,180 (74,723)400 Property Services 500 0 0 0 0500 Other Services 1,000 54,318 6,000 0 (6,000)600 Supplies 4,500 2,305 4,500 0 (4,500)700 Equipment 4,500 716 4,500 0 (4,500)

800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

615,897 668,181 480,791 391,544 (89,247)

CABOT SCHOOL DISTRICTDETAIL OF FUNCTION

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Special Ed Instruction Pre K Function 1200For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0100 Staff Salaries 0 0 0 0 0100 Substitutes 0 333 0 0 0300 Professional Services 13,081 0 19,751 12,206 (7,545)400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0

600 Supplies 0 0 0 0 0700 Equipment 0 0 0 0 0

800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

13,081 355 19,751 12,206 (7,545)

Co-Curricular Activities Function 1400For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 27,656 29,221 28,988 35,481 6,493100 Staff Salaries 0 0 0 0 0200 Benefits 3,278 2,506 3,393 3,968 575300 Professional Services 11,000 8,803 9,900 9,900 0400 Property Services 1,200 650 1,200 1,200 0500 Other Services 3,000 475 499 524 25600 Supplies 5,050 2,901 5,250 2,400 (2,850)700 Equipment 750 1,091 1,750 10,150 8,400800 Other 750 595 750 1,105 355900 Principal & Specific 0 0 0 0 0

52,684 46,243 51,730 64,727 12,997

Total of Instruction 2,272,594 2,286,255 2,048,298 2,053,924 5,626

Student Support ServicesGuidance Function 2120

For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 63,341 63,313 52,315 47,652 (4,663)200 Benefits 12,428 12,083 10,065 11,664 1,599

300 Professional Services 0 150 0 0 0400 Property Services 0 0 0 0 0500 Other Services 0 105 0 0 0600 Supplies 1,146 986 550 3,198 2,648700 Equipment 1,154 0 0 0 0800 Other 150 174 145 100 (45)900 Principal & Specific 0 0 0 0 0

78,219 76,811 63,075 62,614 (461)

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Student Support Function 2121For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 35,228 28,000 28,840 29,633 793200 Benefits 5,677 8,528 8,794 9,313 519300 Professional Services 0 0 0 0 0400 Property Services 0 0 0 0 0500 Other Services 100 0 0 0600 Supplies 675 0 1,200 1,200 0700 Equipment 200 0 0 0 0800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

41,880 36,528 38,834 40,146 1,312

Health Function 2130For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 33,629 32,507 39,300 40,086 786400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0600 Supplies 2,000 0 0 0 0700 Equipment 500 0 0 0 0800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

36,129 32,507 39,300 40,086 786

Psychological Services Function 2140For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 0 (1,654) 148,870 201,975 53,105400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0600 Supplies 0 0 0 0 0700 Equipment 0 0 0 0 0800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

0 (1,654) 148,870 201,975 53,105

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Speech Function 2150For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 0 1,084 2,500 0 (2,500)400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0600 Supplies 0 0 0 0 0700 Equipment 0 0 0 0 0800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

0 1,084 2,500 0 (2,500)

OT Services Function 2160For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 0 0 14,000 14,233 233400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0600 Supplies 0 0 0 0 0700 Equipment 0 0 0 0 0800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

0 0 14,000 14,233 233

PT Services Function 2190For Fiscal Year: 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 0 775 3,500 3,442 (58)400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0600 Supplies 0 0 0 0 0700 Equipment 0 0 0 0 0800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

0 775 3,500 3,442 (58)

156,228 146,050 310,079 362,496 52,417Total of Student Support

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Instructional Support ServicesProfessional Development Function 2210For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 17,000 23,845 20,500 20,500 0300 Professional Services 8,000 9,266 7,000 8,000 1,000400 Property Services 0 0 0 0 0500 Other Services 1,500 809 1,500 1,500 0600 Supplies 0 0 0 0700 Equipment 0 0 0800 Other 0 0 0900 Principal & Specific 0 0 0

26,500 33,920 29,000 30,000 1,000

Library Function 2222For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 63,981 60,922 66,174 42,546 (23,628)100 Staff Salaries 13,892 12,447 12,813 13,919 1,106100 Substitutes 0 0 0 0 0200 Benefits 39,854 21,416 21,146 22,445 1,299300 Professional Services 200 0 0 0 0400 Property Services 0 0 500 500 0500 Other Services 0 0 0 0 0600 Supplies 11,124 9,615 13,800 13,000 (800)700 Equipment 1,476 1,568 1,000 500 (500)800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

130,527 105,968 115,433 92,909 (22,524)

Technology Function 2290For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 48,852 53,485 46,979 42,466 (4,513)400 Property Services 750 0 0 750 750500 Other Services 4,000 0 0 1,425 1,425600 Supplies 2,628 3,488 0 9,332 9,332700 Equipment 16,247 22,576 40,024 36,400 (3,624)800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

72,477 79,549 87,003 90,373 3,370

Total of Instructional Support 229,504 219,437 231,436 213,282 (18,154)

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Administrative FunctionS. U. Assessments & School Board Function 2310For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 10,500 9,532 10,500 11,000 500300 S.U. Assessments 128,829 135,916 149,512 151,387 1,875400 Property Services 0 0 0 0 0500 Other Services 13,000 8,525 12,200 12,460 260600 Supplies 400 338 400 400 0700 Equipment 0 0 0 0 0800 Other 1,600 1,508 1,600 1,600 0900 Ancillary Programs 3,000 0 1,100 1,100 0

157,329 155,819 175,312 177,947 2,635

Principal's Office Function 2410For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 88,055 79,976 75,000 77,500 2,500100 Staff Salaries 54,475 54,796 57,312 59,110 1,798100 Substitutes 1,500 1,814 0 0 0200 Benefits 46,904 47,757 47,541 50,590 3,049300 Professional Services 0 1,495 3,100 500 (2,600)400 Property Services 29,007 26,683 25,770 25,770 (0)500 Other Services 5,700 4,115 5,000 5,000 0600 Supplies 4,680 5,466 6,250 6,250 0700 Equipment 1,000 91 1,000 500 (500)800 Other 1,500 370 1,800 500 (1,300)900 Principal & Specific 0 0 0 0 0

232,821 222,564 222,773 225,719 2,946

Fiscal Operations Function 2520For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Profes Serv. SU Assessmt 70,263 68,670 71,598 80,760 9,162400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0600 Supplies 0 194 400 400 0700 Equipment 0 0 0 0 0800 Other 19,950 25,376 25,400 31,693 6,293900 Principal & Specific 0 0 0 0

90,213 94,239 97,398 112,853 15,455

Total of Administration Functions 480,363 472,622 495,483 516,520 21,037

33


Operations, Transportation and Construction ServicesOperations Function 2600For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 45,805 47,182 0 0 0100 Staff Salaries 66,113 76,799 92,107 0 (92,107)100 Substitutes 0 286 0 0 0200 Benefits 40,395 34,041 43,038 0 (43,038)300 Professional Services 0 45,052 62,002 172,789 110,787400 Property Services 55,360 49,189 52,260 62,700 10,440500 Other Services 23,100 20,343 20,432 21,113 681600 Supplies 79,900 83,796 80,400 80,650 250700 Equipment 4,000 3,921 4,000 4,000 0800 Other 0 0 0 0 0900 Principal & Specific 0 0 0 0 0

314,673 360,609 354,239 341,252 (12,987)

Transportation Function 2700For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0100 Staff Salaries 24,054 19,065 29,205 0 (29,205)100 Substitutes 0 354 0 0 0200 Benefits 13,360 3,240 9,484 0 (9,484)300 Professional Services 1,710 2,643 4,710 77,692 72,982400 Property Services 10,500 21,560 7,500 9,000 1,500500 Other Services 9,600 6,083 1,300 1,200 (100)600 Supplies 16,600 10,188 13,200 10,200 (3,000)700 Equipment 1,000 0 1,000 1,000 0800 Other 0 0 0 0 0900 Transportation Contract 0 0 0 0 0

76,824 63,133 66,399 99,092 32,693Construction Services Function 4000For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 0 0 0 0 0400 Property Services 10,000 7,368 30,000 50,000 20,000500 Other Services 0 0 0 0600 Supplies 0 0 0 0700 Equipment 0 0 0 0800 Other 0 0 0 0900 Fund Transfer 0 0 0 0

10,000 7,368 30,000 50,000 20,000

Total of Operation/Transport/Construction401,497 431,110 450,638 490,344 39,706

34


Prior Year Expenditures/Fund Transfers/Construction Activity

Debt Service and Fund Transfer Function 5000For Fiscal Year: 30-Jun-15 30-Jun-16 30-Jun-17Object Title Budget Actual Budget Budget Incr/(Dcrs)

100 Professional Salaries 0 0 0 0 0200 Benefits 0 0 0 0 0300 Professional Services 0 0 0 0 0400 Property Services 0 0 0 0 0500 Other Services 0 0 0 0 0600 Supplies 0 0 0 0 0700 Equipment 0 0 0 0 0800 Interest 16,688 12,106 12,424 10,915 (1,509)900 Fund Transfer 0 20,159 0 0 0900 Principal 118,543 94,978 154,600 60,680 (93,920)

135,231 127,243 167,024 71,595 (95,429)

Grand Totals 3,675,417 3,682,717 3,702,958 3,708,161 5,203

35


Enrollment

FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17

EstimatesPre-Kindergarten 14 20 11 12 11 9 12 18Kindergarten 15 13 18 14 11 12 10 12Grade 1 13 17 16 14 12 12 12 10Grade 2 13 13 17 13 16 11 13 12Grade 3 13 16 18 14 16 14 10 13Grade 4 14 14 14 8 13 19 12 10Grade 5 17 13 21 10 9 13 18 12Grade 6 15 17 16 16 8 13 15 18Grade 7 15 20 18 11 13 10 11 15Grade 8 16 15 16 17 10 16 10 11Grade 9 16 19 18 16 15 13 16 10Grade 10 20 13 18 14 16 13 13 16Grade 11 22 16 12 15 16 11 15 13Grade 12 16 22 20 11 16 14 13 15

Total Enrollment 219 228 233 185 182 180 180 185

FY10 FY11 FY12 FY13 FY14 FY15 FY16

Pre-Kindergarten 20.00 11.00 11.55 10.90 9.00 12.00Kindergarten 14.63 13.10 17.72 15.00 11.00 11.00 10.00Grade 1 12.05 16.00 15.75 15.15 11.72 12.00 12.00Grade 2 12.05 12.10 16.00 13.00 16.10 11.00 12.00Grade 3 13.50 16.00 15.07 14.65 16.04 12.19 10.00Grade 4 13.50 13.00 15.00 7.14 12.72 19.00 9.10Grade 5 17.91 13.00 20.35 10.00 8.23 12.01 18.00Grade 6 14.00 17.38 15.00 14.00 8.00 10.32 12.19Grade 7 14.00 18.00 17.41 11.00 10.00 10.00 7.37Grade 8 12.62 14.00 16.00 16.62 10.00 13.05 9.08Grade 9 13.00 14.85 17.00 13.59 17.00 12.00 13.00Grade 10 9.93 11.00 14.70 14.55 15.56 15.20 9.00Grade 11 18.00 8.18 11.00 11.36 15.00 16.00 15.00Grade 12 14.05 20.00 12.04 8.05 12.00 11.00 14.00

Total ADM 179.24 206.61 214.04 175.66 174.27 173.77 162.74

FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17

Actual Calculation 200.53 198.06 196.52 209.01 199.54 179.23 179.88 177.45Phantoms 0.00 0.00 0.00 0.00 2.15 15.40 7.94 3.80Hold-harmless Calc 200.53 198.06 196.52 209.01 201.69 194.63 187.82 181.25


Average Daily Membership


Equalized Pupils (EP)

36

FY16 Annual Report

FY16 Revised by Legislature

FY17 Proposed Budget

Increase (Decrease)

% Increase (Decrease)

Budgeted Expenditures $3,702,958 $3,702,958 $3,708,161 $5,203 0.14%

Local Revenues $688,680 $688,680 $663,772 ($24,908) -3.62%

Education Spending $3,014,278 $3,014,278 $3,044,389 $30,111 1.00%

Equalized Pupils 187.82 187.82 181.25 (6.57) -3.50%

Education Spending per Equalized Pupil

$16,048.76 $16,048.76 $16,796.63 $748 4.66%

Estimated Property Yield (Base Amount)

$9,459 $9,459 $9,870 $411 4.35%

District Spending Adjustment

169.667% 169.667% 170.179% 0.512% 0.30%

Base Statewide Equalized Homestead Tax Rate

$1.00 $0.99 $1.00 $0.010 1.01%

Local Equalized Homestead Tax Rate

$1.6967 $1.6797 $1.7018 $0.022 1.31%

Common Level of Appraisal 101.73% 101.73% 101.61% -0.12% -0.12%

Local Homestead Tax Rate $1.6678 $1.6511 $1.6748 $0.0237 1.43%

Base Statewide Equalized Non-Homestead Tax Rate

$1.535 $1.535 $1.538 $0.0030 0.20%

Local Statewide Equalized Non-Homestead Tax Rate

$1.5089 $1.5089 $1.5136 $0.0047 0.31%

Base Statewide Income Sensitivity Percent

1.94% 1.94% 2.00% 0.06% 3.09%

Local Income Sensitivity Percent

3.29% 3.29% 3.40% 0.11% 3.40%


* This does not show the impact of any proposed allowable growth rates, which at the time of print has not been determined by the Vermont Legislature.

37

Estimated Tax Rates Calculation FY17 FY16Cabot Cabot

Budgeted Expenditures 1 $3,708,161 $3,702,958

Less: Local Revenues 2 (663,772) (688,680)

Net Education Fund Spending 3 3,044,389 3,014,278

Equalized Pupils (1) 4 181.25 187.82

Education spending per equalized pupil 5 16,797 16,048.76

Base for tax rate calculation (2) 6 9,870 9,459

District spending adjustment factor 7 170.179% 169.667%

Statewide Residential Property Tax Rates (2) 8 $1.000 $0.990

District spending adjustment 170.179% 169.667%

$1.7018 $1.6797

Common Level of appraisal adjustment (3) 101.61% 101.73%

Estimated Residential Tax Rate $1.67 $1.65

Change from Prior Year Actual Tax Rate $0.024 $0.0775

Statewide Non Residential Tax Rate (2) $1.538 $1.530

Common Level of appraisal adjustment 101.61% 101.73%

$1.5136 $1.5040

Notes:

(1) Equalized pupil calculation is from Dept. of Education and is based on FY'15 and FY'16

data and averaged over those two years. Final Data issued Dec 21, 2015.

(2) Amounts are based on the suggested amounts of the Governor to the Legislature

on Dec 01, 2015 and are subject to final approval or change by the 2016 Legislative session.

(3) Common level of appraisal percentage is calculated by VT Department of Taxes, Division

of Property Valuation and Review and CLA figure received December 14, 2015

Property Taxes Based on Home Value

Property Value 100,000$ 150,000$ 100,000$ 150,000$

Grand List @ 1% 1,000$ 1,500$ 1,000$ 1,500$

Residential Tax Rate (See Estimated Tax Calculation) 1.6748$ 1.6748$ 1.6511$ 1.6511$

Estimated Residential Education Property Tax $1,674.82 $2,512.23 1,651.13$ 2,476.70$

Increase in property taxes $23.69 $35.53 77.56$ 116.34$

Percent of increase 1.43% 1.43% 4.93% 4.93%

Property Taxes Based on Household Income

Household Income 50,000$ 50,000$ 50,000$ 50,000$

Income Sensitivity Rate 3.036% 3.036% 3.290% 3.290%

Maximum Residential Education Property Tax 1,518.00$ 1,518.00$ 1,645.00$ 1,645.00$

Property Tax Reduction based on Household Income (156.82)$ (994.23)$ (6.13)$ (831.70)$

Decrease of property tax based on Income Sensitivity 9.36% 39.58% 0.37% 33.58%

* This does not show the impact of any proposed allowable growth rates, which at the time of print has not been determined by the Vermont Legislature.

Line 3 / Line 4

Line 5 / Line 6

Line 7 calculation

Initial amount for base rate


Line 8 x Line 7

38

PRELIMINARY Three Prior Years Comparisons - Format as Provided by AOE ESTIMATESONLY

District: Cabot T038Property dollar equivalent yield

Homestead tax rate per $9,870 of spending per equalized pupil

County: Washington Washington Northeast 9,870 1.00

11,065

Expenditures FY2014 FY2015 FY2016 FY2017

1. Budget (local budget, including special programs, full technical center expenditures, and any Act 144 expenditures)

$3,637,061 $3,675,417 $3,702,958 $3,708,161 1.

2. plus Sum of separately warned articles passed at town meeting + - - - 2.

3. minus Act 144 Expenditures, to be excluded from Education Spending (Manchester & West Windsor only) - - - - 3. 4. Locally adopted or warned budget $3,637,061 $3,675,417 $3,702,958 $3,708,161 4.

5. plus Obligation to a Regional Technical Center School District if any + - - - 5.

6. plus Prior year deficit repayment of deficit + - - - 6.

7. Total Budget $3,637,061 $3,675,417 $3,702,958 $3,708,161 7.

8. S.U. assessment (included in local budget) - informational data - - - 8. 9. Prior year deficit reduction (included in expenditure budget) - informational data - - - - 9.

Revenues

10. Offsetting revenues (categorical grants, donations, tuitions, surplus, etc., including local Act 144 tax revenues)

$817,861 $762,985 $688,680 $663,772 10.

11. plus Capital debt aid for eligible projects pre-existing Act 60 + - - - 11.

12. minus All Act 144 revenues, including local Act 144 tax revenues (Manchester & West Windsor only) - - - - 12.

13. Offsetting revenues $817,861 $762,985 $688,680 $663,772 13.

14. Education Spending $2,819,200 $2,912,432 $3,014,278 $3,044,389 14.

15. Equalized Pupils 201.69 194.63 187.82 181.25 15.

16. Education Spending per Equalized Pupil $13,977.89 $14,963.94 $16,048.76 $16,796.63 16. 17. minus Less ALL net eligible construction costs (or P&I) per equalized pupil - $284.16 $388.51 $357.57 NA 17. 18. minus Less share of SpEd costs in excess of $50,000 for an individual (per eqpup) - - - $9.92 NA 18. 19. minus Less amount of deficit if deficit is SOLELY attributable to tuitions paid to public

schools for grades the district does not operate for new students who moved to the district after the budget was passed (per eqpup)

-- - -

NA19.

20. minus Less SpEd costs if excess is solely attributable to new SpEd spending if district has 20 or fewer equalized pupils (per eqpup) - - - - NA

20.

21. minus Estimated costs of new students after census period (per eqpup) - - - - NA 21. 22. minus Total tuitions if tuitioning ALL K-12 unless electorate has approved tuitions greater

than average announced tuition (per eqpup) - - - - NA22.

23. minus Less planning costs for merger of small schools (per eqpup) - - - - NA 23. 24. minus Teacher retirement assessment for new members of Vermont State Teachers'

Retirement System on or after July 1, 2015 (per eqpup) - NA NA - NA24.

threshold = $15,456 threshold = $16,166 threshold = $17,103 District Threshold

25. Allowable growth per pupil spending threshold (secs. 37 & 38, Act 46, 2015) NA NA NA $16,241.64 25. 26. plus Excess Spending per Equalized Pupil over threshold (if any) + - - - $554.99 26. 27. Per pupil figure used for calculating District Equalized Tax Rate $13,978 $14,964 $16,049 $17,351.62 27.

28. District spending adjustment (minimum of 100%) 152.747% 161.163% 169.667% NA 28. based on $9,151 based on $9,285 based on $9,459

Prorating the local tax rate29. Anticipated district equalized homestead tax rate (to be prorated by line 30) $1.4358 $1.5794 $1.6797 $1.7580 29.

[$17,351.62 ÷ ($9,870.00 / $1.000)] based on $0.94 based on $0.98 based on $0.99 based on $1.00

30. Percent of Cabot equalized pupils not in a union school district 100.00% 100.00% 100.00% 100.00% 30.

31. Portion of district eq homestead rate to be assessed by town $1.4358 $1.5794 $1.6797 $1.7580 31. (100.00% x $1.76)

32. Common Level of Appraisal (CLA) 94.92% 100.37% 101.73% 101.61% 32.

33. Portion of actual district homestead rate to be assessed by town $1.5126 $1.5736 $1.6511 $1.7301 33. ($1.7580 / 101.61%) based on $0.94 based on $0.98 based on $0.99 based on $1.00

34. Anticipated income cap percent (to be prorated by line 30) 2.75% 2.90% 3.05% 3.14% 34. [($17,351.62 ÷ $11,065) x 2.00%] based on 1.80% based on 1.80% based on 1.80% based on 2.00%

35. Portion of district income cap percent applied by State 2.75% 2.90% 3.05% 3.14% 35. (100.00% x 3.14%) based on 1.80% based on 1.94% based on 1.94% based on 2.00%

36. Percent of equalized pupils at union 1 - - - - 36.

37. - - - - 37.

Income dollar equivalent yield per 2.0% of household income

- Following current statute, the Tax Commissioner recommended a property yield of $9,955 for every $1.00 of homestead tax per $100 of equalized property value. The Tax Commisioner also recommended an income yield of $11,157 for a base income percent of 2.0% and a non-residential tax rate of $1.538. New and updated data have changed the proposed property yield to $9,870 and the income yield to $11,065.- Final figures will be set by the Legislature during the legislative session and approved by the Governor.- The base income percentage cap is 2.0%.

If the district belongs to a union school district, this is only a PARTIAL homestead tax rate. The tax rate shown represents the estimated portion of the final homestead tax rate due to spending for students who do not belong to a union school district. The same holds true for the income cap percentage.

AOE/School Finance/bcj 06Jan16 Prior Years Comparison P:\Christina Kimball\Budget Info\FY17\ File PriorYrsLEA

39

PrincipalBalance

PrincipalPayment

InterestPayment

InterestPayment

TotalInterest

TotalPayment

Year 1-Jul 1-Dec 1-Dec 1-Jun

1 FY08 235,000 0 3,532 5,087 8,619 8,6192 FY09 235,000 15,000 5,087 4,797 9,883 24,8833 FY10 220,000 15,000 4,797 4,502 9,298 24,2984 FY11 205,000 15,000 4,502 4,201 8,703 23,7035 FY12 190,000 15,000 4,201 3,896 8,098 23,0986 FY13 175,000 15,000 3,896 3,586 7,483 22,4837 FY14 160,000 15,000 3,586 3,272 6,859 21,8598 FY15 145,000 15,000 3,272 2,955 6,227 21,227

9 FY16 130,000 10,000 2,955 2,741 5,695 15,69510 FY17 120,000 10,000 2,741 2,524 5,265 15,26511 FY18 110,000 10,000 2,524 2,306 4,830 14,83012 FY19 100,000 10,000 2,306 2,081 4,387 14,38713 FY20 90,000 10,000 2,081 1,853 3,934 13,93414 FY21 80,000 10,000 1,853 1,620 3,472 13,47215 FY22 70,000 10,000 1,620 1,384 3,004 13,00416 FY23 60,000 10,000 1,384 1,156 2,540 12,54017 FY24 50,000 10,000 1,156 927 2,083 12,08318 FY25 40,000 10,000 927 697 1,624 11,62419 FY26 30,000 10,000 697 466 1,162 11,16220 FY27 20,000 10,000 466 233 699 10,69921 FY28 10,000 10,000 233 233 10,233

Total 235,000 53,814.90 50,282.52 104,097.42 339,097.42

CABOT BOND SCHEDULE2007 Bond - Woodchip Heating

40

Cabot SchoolCAPITAL FUND FINANCIAL REPORT

FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Total FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 Total

REVENUE

Interest 12,119 7,746 2,052 234 192 75 38 35 22,492

Fundraising 20,333 53,563 16,939 3,000 50 93,884

Grants 9,100 9,100 16,691 10,000 35,000 4,000 65,691

State Aid 161,783 144,804 241,299 241,298 789,184 13,015 13,015

Bond Proceeds 235,000 235,000

Loan Proceeds

Prior Year

Transfer from GF 20,000 20,000 15,000 15,000 15,000 15,000 15,000 75,000

Total Revenue 29,100 247,119 7,746 2,052 234 161,975 144,879 241,337 241,334 1,075,776 20,333 83,269 41,939 53,000 19,050 15,000 15,000 247,590

EXPENDITURES

Salaries 9,239 9,239

Benefits 849 849

Prof Services 32,304 68,843 4,106 105,253 16,878 3,813 96 20,787

Property Services 652,159 172,275 50,734 875,168 113,994 6,335 120,329

Other Services 430 430 1,403 423 1,826

Supplies 3,119 97,065 3,076 103,260

Equipment 21,880 720 22,600

Prior Yr Adj

Total Expenditures 32,304 731,520 176,381 50,734 990,940 3,119 251,220 14,367 96 268,802

(3,204) (484,402) (168,635) (48,682) 234 161,975 144,879 241,337 241,334 84,837 17,214 (167,951) 27,572 52,904 19,050 15,000 15,000 (21,212)

WOODCHIP PROJECT PERFORMING ARTS CENTER

REVENUE LESSEXPENDITURES

41

FY15Actual

FY16Budget

FY17Budget

Beginning Balance All Funds July 1 (257,566) 144,872 144,872GENERAL REVENUE FUND

Beginning Balance July 1 0 0 0Revenue 3,772,322 3,702,958 3,708,161Expenditures (3,792,695) (3,702,958) (3,708,161)Revenue Less Expenditures (20,374) 0 0Transfer from Reserve Fund - Undesignated 0 0 0Transfer to Reserve Fund - Undesignated 20,374 0 0Transfer to Food Service Fund 0 0 0Transfer to Capital Projects Fund 0 0 0Transfer from Capital Projects Fund 0 0 0Transfer to Capital Projects Fund 0 0 0Transfer from Reserve Fund 0 0 0Transfer to Reserve Fund - Bus 0 0 0

Closing Balance General Revenue Fund June 30 0 0 0SPECIAL REVENUE FUND

Beginning Balance July 1 0 75,739 75,739Revenue 230,259 45,000 95,069Expenditures (154,521) (45,000) (95,069)Revenue Less Expenditures 75,739 0 0Transfer from General Fund 0 0 0

Closing Balance Special Revenue Fund June 30 75,739 75,739 75,739CAPITAL PROJECTS FUND

Beginning Balance July 1 (177,709) 63,625 63,625Revenue 241,334 0 0Expenditures 0 0 0Revenue Less Expenditures 241,334 0 0Transfer from General Fund 0 0 0Transfer to General Fund 0 0 0

Closing Balance Capital Projects Fund June 30 63,625 63,625 63,625FOOD SERVICE FUND

Beginning Balance July 1 30,975 21,417 21,417Revenue 147,184 160,000 160,000Expenditures (156,742) (160,000) (160,000)Revenue Less Expenditures (9,558) 0 0Transfer from General Fund 0 0 0

Closing Balance Food Service Fund June 30 21,417 21,417 21,417RESERVE FUND - Undesignated

Beginning Balance July 1 (115,298) (20,374) (20,374)Revenue- Loan Proceeds 115,298 0 0Transfer from General Fund (20,374) 0 0Net Transfer from General Fund 94,924 0 0

Closing Balance Undesignated Reserve Fund June 30 (20,374) (20,374) (20,374)RESERVE FUND - Bus

Beginning Balance July 1 2,715 2,715 2,715Revenue- Loan Proceeds 0 0 0Transfer from General Fund 0 0 0Net Transfer from General Fund 0 0 0Transfer from Reserve Fund - Undesignated 0 0 0

Closing Balance Bus Reserve Fund June 30 2,715 2,715 2,715ENDOWMENT FUND

Beginning Balance July 1 1,750 1,750 1,750Revenue 0 0 0Expenditures 0 0 0Revenue Less Expenditures 0 0 0

Closing Balance Endowment Fund June 30 1,750 1,750 1,750

Closing Balance All Funds June 30 144,872 144,872 144,872


TREASURER'S REPORTSummary of Fund Balances

42


Employer

Benefits

Salary &

Benefits

Ackerman Pete Director of Facilities Operations $62,000.00 $9,900.68 $71,900.68Charron Sylvia Ex. Assistant/ HR Coordinator $38,252.00 $12,643.66 $50,895.66Johnson Patricia Director of Curriculum $81,763.00 $13,449.82 $95,212.82Kimball Christina Business Manager $72,000.00 $29,125.08 $101,125.08Renaud Amy Fiscal Services Clerk $35,028.00 $24,263.26 $59,291.26Sykas Amy Special Services Manager $36,963.00 $2,827.67 $39,790.67Thomas Nancy Superintendant $106,404.00 $9,887.59 $116,291.59Tucker Mark Director of Special Education $80,000.00 $20,023.68 $100,023.68Young Ashley Fiscal Services Bookkeeper $37,087.00 $24,534.02 $61,621.02

WNESU Expenses are shared between Cabot School and Twinfield Union School


Employer

Benefits

Salary &

Benefits

Bialowoz Paul Grades 7-8 Special Educator $49,759.00 $22,113.16 $71,872.16Boucher Denise Speech Language Pathologist $65,362.00 $6,500.19 $71,862.19Burtt Johnnye Elementary Special Educator $49,338.00 $17,678.03 $67,016.03Clements Joseph Elementary Special Educator $66,205.00 $18,968.35 $85,173.35duPont Catherine High School Special Educator $51,446.00 $22,489.89 $73,935.89Hohn Rebecca Essential Early Education $54,820.00 $18,097.40 $72,917.40Lindert Jennifer Grades 7-12 Special Educator $61,804.00 $23,282.28 $85,086.28Nally Rebecca Elementary Special Educator $52,370.00 $5,506.31 $57,876.31Riley Ellen Grades 7-12 Special Educator $61,495.00 $11,899.32 $73,394.32Sykas Amy Special Educator $30,362.00 $9,517.64 $39,879.64Wilson Steffani Speech Language Pathologist $52,711.00 $22,586.66 $75,297.66Youngbaer Jane Special Educator/Instruc support $66,256.00 $18,972.25 $85,228.25

WNESU Instructional Staff Expenses are billed back to Cabot School and Twinfield Union School

WASHINGTON NORTHEAST SUPERVISORY UNION STAFF 2015-2016

WASHINGTON NORTHEAST SUPERVISORY UNION INSTRUCTIONAL STAFF 2015-2016

44

FY15Actual

FY16Budget

FY17Budget

Beginning Balance All Funds July 1 48,577 28,298 43,298

GENERAL FUNDBeginning Balance July 1 84 484 484

Transfers from Special Revenue Fund 0 0 0Assessments/Purchased Services 1,775,016 1,891,276 2,548,413Other 74,158 0 0

Total Revenue 1,849,174 1,891,276 2,548,413Instruction 25,579 25,957 0Special Education 1,140,096 1,075,373 1,133,510Curriculum Development 33,618 57,922 58,859Central Administration 243,372 237,748 256,506Special Services Administration 133,459 152,683 143,383Business Office 221,193 237,351 244,728Occupancy Costs 28,590 104,242 478,147Transportation 0 0 233,279Other 22,867 0 0

Total Expenditures 1,848,774 1,891,276 2,548,413Revenue Less Expenditures 400 0 0

Closing Balance General Fund June 30 484 484 484

SPECIAL REVENUE FUNDBeginning Balance July 1 48,493 27,814 42,814

Local Funds 0 5,000 0State Funds 47,390 74,800 92,700Federal Funds 844,809 512,400 808,000Other Federal Sources 10,238 0 0

Total Revenue 902,437 592,200 900,700Instructional Services 27,096 150,000 330,724Special Education 174,902 0 195,796Support Services - Students 24,363 20,000 0Support Services - Instr Staff 75,919 90,000 0Support Services - School Admin 13,472 0 0Support Services - Fiscal 0 0 0Community Service 0 5,000 0Subgrants to Cabot & Twinfield 604,610 312,200 416,994Misc 2,754 0 0

Total Expenditures 923,116 577,200 943,514Revenue Less Expenditures (20,679) 15,000 (42,814)

Closing Balance Special Revenue Fund June 30 27,814 42,814 0

Closing Balance All Funds June 30 28,298 43,298 484

Washington Northeast Supervisory UnionServing Cabot and Twinfield Union Schools

FY17 TREASURER'S REPORT

45

Revenue

30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Budget Actual Budget Budget Incr/(Dcrs)

Interest Income 0 400 0 0 0General Assessment-SU 685,105 659,633 637,265 1,271,520 634,255Special Ed Administration-SU 0 0 152,682 143,383 (9,299)Special Ed Assessment-SU 1,132,095 1,089,805 1,075,372 1,133,510 58,138Excess Costs 0 0 0 0 0Educational Services 68,021 25,579 25,957 0 (25,957)Fiscal Services 3,800 0 0 0 0Grants 0 21,667 0 0 0Other 0 52,091 0 0 0

Totals 1,889,021 1,849,174 1,891,276 2,548,413 657,137

Function Summary 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17

Function Title Budget Actual Budget Budget Incr/(Dcrs)1100 Regular Instruction 68,020 75,870 25,957 0 (25,957)1200 Special Education 1,002,947 597,819 897,249 970,108 72,859

1200-11 Special Education Pre K 39,532 43,721 45,119 40,544 (4,575)2140 Psychological Services 0 316,240 36,000 30,350 (5,650)2150 Speech Services 63,787 74,947 44,205 45,008 8032160 OT Services 18,390 56,519 46,800 40,100 (6,700)2190 PT Services 7,440 2,759 6,000 7,400 1,4002212 Curriculum Development 39,842 33,618 57,922 58,859 9372310 School Board & Assessments 22,215 24,151 25,715 39,557 13,8422320 Superintendent 208,857 217,022 212,033 216,949 4,9162420 Special Services Admin 139,500 133,459 152,683 143,383 (9,300)2520 Business 241,785 221,193 237,351 244,728 7,3772600 Operations & Maintenance 36,706 28,590 104,242 478,147 373,9052700 Transportation 0 0 0 233,279 233,2795500 Sub Grants 0 22,867 0 0 0

Totals 1,889,021 1,848,774 1,891,276 2,548,413 657,137

Object Summary 30-Jun-15 30-Jun-15 30-Jun-16 30-Jun-17Object Name Budget Actual Budget Budget Incr/(Dcrs)

100 Salaries 1,001,361 939,593 1,023,631 1,394,718 371,087200 Benefits 301,637 337,896 311,397 521,832 210,435300 Professional Services 319,277 447,137 429,213 436,180 6,967400 Property Services 25,292 24,211 24,515 25,955 1,440500 Other Services 199,765 56,264 67,820 131,133 63,313600 Supplies 22,080 9,802 19,010 20,370 1,360700 Equipment 15,000 2,793 10,500 13,000 2,500800 Dues/Fees/Interest 4,609 8,210 5,190 5,225 35900 Principal/Sub Grant/Transfer 0 22,867 0 0 0

Totals 1,889,021 1,848,774 1,891,276 2,548,413 657,137

Surplus/(Deficit) 0 400 0 0 0As Of: December 21, 2015

Version: 1.2

SU Wide Activities

FY15 Budget/FY15 Actual/FY16 Budget/FY17 BudgetWASHINGTON NORTHEAST SUPERVISORY UNION

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NOTICES

Under P.L. 94-142, the individuals with Disabilities Education Act (IDEA), the Cabot School District must ensure that all children who are residents of Plainfield and Marshfield (age’s birth through 21 years) who may be disabled, regardless of the severity of their disability, and in need of early intervention or special education and related services are identified, located and evaluated. All infants and toddlers (birth-age 2) who may have special needs, conditions, or developmental delays are eligible for information and outreach services. In addition, all children and youth (ages 3-21) who are eligible for special education services are entitled to a free appropriate public education in the least restrictive environment. If you know of a child (birth-age 21) who may have a developmental delay or disability and be eligible for services and who is not currently receiving such services at public expense, please notify: Mark Tucker, Director of Special Services, Washington Northeast Supervisory Union, P.O. Box 470, Plainfield, VT 05667 (802) 454-9924. The Cabot School District complies with Title II of the American with Disabilities Act which prohibits discrimination against or exclusion of people from projects, services, activities or employment on the basis of disability. Any qualified citizen needing accommodations to attend meetings or to participate in the affairs of the school district may request so of the principal within a reasonable time frame. Copies of public reports could be made available on audio cassette or in large print upon request. Sign language, interpreters may be requested for deaf participants when given adequate notice. The Cabot School District ensures equal educational, employment and public participation opportunities regardless of race, creed, color, national origin, gender, age, handicapping condition and/or disability or sexual orientation in compliance with federal and state laws. A parent has the right to tell the school that (s)he does not wish to have “directory information” about his or her child disclosed. “Directory Information” is information contained in the educational record of a student which would not generally be considered harmful or an invasion of privacy if disclosed, and is the student’s: name; parent or other family members; address or family’s address; telephone number; date and place of birth; major field of study; participation in officially recognized activities and sports; weight and height as a member of an athletic team; dates of attendance; degrees and awards received; and the most recent previous educational agency or institution attended. If the parent does not notify the school in writing, information designated as “directory information” can be provided without parental consent. For more information please contact: David Schilling, Principal, Cabot School, P.O. Box 98, Cabot, VT 05647 (802)563-2289. TTD phone available. These notices are available in other languages upon request at the Washington Northeast Supervisory Union Office (802) 454-9924.

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