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North Smithfield School District - Five-year Financial Trend Analysis

The attached presentation has been assembled using data from public documents in order to bring clarity to events over the past five years that result in the financial situation we now find ourselves in. All detailed data is and has been available on the School District's website under the Business Department/Budget link. This is a personal effort rather than an effort as a School Committee member. I would have done this regardless of being elected to the School Committee because of my interests in education and concern about the path of education in the United States in general and North Smithfield in particular.

Three things are quite clear to me (at least). Firstly, that the school district has done an excellent job redistributing costs in order to control it's "bottom line". Secondly, that the continued reduction in Federal and State aid to education in this town is a major driver of the need for increased local appropriation and associated tax increases. Thirdly that the School District's original requested budget 0f $22,028,307 is only 1.8% more than the amount of actual expenses paid in FY 2009.

I will make this presentation to any local group that requests it in order to assure taxpayers are able to achieve a clear understanding of the facts. If you have any questions, please feel free to phone or email me.
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George R. Hemond
18 Eaton Street
North Smithfield RI 02895
401.651.1462

• Five Year Financial Trend Analysis:  Prepared by Mr. Hemond

• Commissioner Gist Uniform Chart of Accounts (UCOA) Message