During a recent school board meeting, officials discussed the current school budget, emphasizing that approximately 75% of expenditures are allocated to staffing, particularly in response to rising special education costs mandated by law. The conversation highlighted the challenges of accurately predicting the fund balance for the fiscal year ending June 30, 2024, due to fluctuating student needs and expenses.

Board members noted that while the prior year’s fund balance was around $800,000, it is difficult to project the current balance as the school year progresses. Monthly reviews of the fund balance will continue, with updates provided at each school board meeting.

Questions from attendees included inquiries about the Exeter Region Cooperative School District (ERCSD) funding and the formula used to allocate expenses among towns, which is based on a two-year enrollment average. Additionally, concerns were raised regarding the perceived decline in student enrollment at Stratham Memorial School (SMS). However, officials clarified that enrollment projections remain stable, with no significant decline anticipated.

The meeting also addressed the legal requirements surrounding special education spending, with officials indicating that while specific percentages of spending are not mandated, the budget must adequately meet the needs of students as required by law. Further details on special education staffing and budget allocations will be provided by the director of special education in future communications.

Overall, the meeting underscored the complexities of school budgeting in the face of evolving educational needs and regulatory requirements.