fridley public schools budget fy 2018 2019 june 19, 2018 · improving parent, school and community...
TRANSCRIPT
Matthew Hammer, Director of Finance
Fridley Public SchoolsAdopted Budget FY 2018‐2019
June 19, 2018
Fridley Budget Planning
Improving academic achievement
Using the most effective instructional strategies
Maintaining a safe and positive learning environment
Building financial stability
Improving parent, school and community partnership
Fridley Budget Planning
Improving academic achievement
Using the most effective instructional strategies
Maintaining a safe and positive learning environment
Building financial stability
Improving parent, school and community partnership
Enrollment
Enrollment
2,899
2,966
3,022 3,052
3,020
2,963
2013‐2014 2014‐2015 2015‐2016 2016‐2017 2017‐2018 Est. 2018‐2019 Est.
Enrollment
1,127 1,1281,092 1,111
1,054
924 948 964925
887852
881933 916
954
2014-15 2015-16 2016-17 2017-18 EST. 2018-2019 EST.
K-4 5-8 9-12
General Fund Unassigned Fund Balance
Actual Actual Actual Actual Budget BudgetFY13‐14 FY14‐15 FY15‐16 FY16‐17 FY17‐18 FY18‐19
Expenditures $28,817,392 $29,572,625 $32,472,338 $33,474,005 $34,167,239 $34,587,705Fund Balance $1,337,127 $2,052,826 $2,449,325 $2,458,210 $2,418,218 $2,428,140Fund Balance % 4.64% 6.94% 7.54% 7.34% 7.08% 7.02%
$1,337,127
$2,052,828
$2,449,325 $2,458,210 $2,418,218 $2,428,140
2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 EST. 2018-2019 EST.
Revenue By Source
Revenue Source FY 17 Actual FY 17 % FY 19 Budget FY 19 %State Revenues $35,182,136 83.8% $36,153,644 80.6%Local Revenues $5,651,019 13.5% $7,479,699 16.7%Federal Revenues $1,164,750 2.8% $1,212,068 2.7%Incoming Transfers Other Funds $0 0.0% $0 0.0%Total $41,997,905 100.0% $44,845,411 100.0%
State Revenues
84%
Local Revenues
13%
Federal Revenues
3%
State Revenues
80%
Local Revenues
17%
Federal Revenues
3%
General Fund Budget
FY18‐19 Unassigned Revenues $34,597,627FY18‐19 Unassigned Expenditures $34,587,705
Surplus $ 9,922
Ending Fund Bal June 2018 $ 2,418,218Estimated Fund Bal June 2019 $ 2,428,140June 30, 2019 Fund Balance % 7.02%
Expense Budget Fiscal Year 2019
Administration4.1%
District Support Services5.0%
Regular Instruction40.1%
Vocational Education Instruction
0.6%
Special Education Instruction
20.6%
Instructional Support Services
7.3%
Pupil Support Services10.7%
Sites and Buildings9.0%
Fiscal and Other Fixed2.6%
Expense Budget Fiscal Year 2019
$.80 Directly Supports Students
$.11 Sites/Buildings/Other
$.05 District Support Services
$.04 Administration
Expense Budget Fiscal Year 2019
Salaries & Wages54.0%
Employee Benefits19.7%
Purchased Services16.4%
Supplies & Materials3.0%
Capital Expenditures3.6%
Debt Service0.8%
Other Expenditures2.5%
Food Service
FY18‐19 Revenues $2,089,586FY18‐19 Expenditures $2,099,337
Deficit $ (9,751)Ending Fund Bal June 2018 $ 507,516Estimated Fund Bal June 2019 $ 497,765
Community Service
FY18‐19 Revenues $ 3,254,580FY18‐19 Expenditures $ 3,340,744
Deficit $ (86,164)
Ending Fund Bal June 2018 $ 433,327Estimated Fund Bal June 2019 $ 347,163
Other Funds
Capital Internal DebtProjects Service Service
FY18‐19 Revenues $ 517,397 $ 6,071,000 $ 4,561,515FY18‐19 Expenditures $ 2,391,584 $ 5,992,041 $ 4,851,828Surplus/(Deficit) $ ( 1,874,187) $ 148,959 $ (290,313)
Fund Bal. 6/30/18 $ 2,750,162 $ 6,370,843 $ 1,055,464Est. Fund Bal. 6/30/19 $ 875,975 $ 6,519,802 $ 1,029,906
