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FY2022-2023 General Fund

Proposed Budget

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May 09, 2022 Regular Board Meeting

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General Fund

Purpose:

To account for all revenues and expenditures for general operations of the school district including but not limited to administration, regular instruction, special education, transportation, normal operations and maintenance, and extra-curricular activities

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General Fund

Revenue Assumptions:

  • Enrollment: Based on slight enrollment increase, estimated as of January 2022

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  • 2% Formula Increase $6,863 per pupil unit

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  • Revenue highlights:
    • Federal ESSER funding - ongoing
    • Metering of payments 90/10
    • Special Education Funding
    • Compensatory revenue reduction - Free & Reduced application and percentage decline for the second year in a row due to the universal free meal program

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General Fund Revenue Breakdown

  • State Revenue: $138,298,020
  • Property Taxes: 40,304,790
  • Federal Revenue: 5,439,582
  • Other Local Revenue: 3,779,506
  • Misc. Sales Revenue: 401,294
  • Investment Income: 171,442

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Total Revenue: $188,394,634

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General Fund

Expenditure Assumptions:

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  • Salary and Benefit increases reflect employee contract settlements

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  • Transportation contract costs have been accounted for

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  • Retirements, step movement, staffing needs have been accounted for and adjusted based on anticipated student enrollment

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  • Assumes buildings will have no carryovers from 2021-2022

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  • New staffing positions included for Prairie View Middle School opening in Fall 2022

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  • COVID-19 Federal Funds continue to be spent on various needs across the District until exhausted

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General Fund Expenditure Breakdown

  • Salaries and Wages: $104,278,652
  • Employee Benefits: 38,696,587
  • Purchased Services: 23,722,027
  • Supplies: 7,003,558
  • Capital & Equipment: 12,808,658
  • Other Expenditures: 1,021,471

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Total Expenditures: $187,530,953

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General Fund

Projected

Beginning Fund Balance: $17,814,084

Revenues 188,394,634

Expenditures 187,530,953*

Ending Fund Balance: $18,677,765

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*Does not include carryovers from FY21-22

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General Fund

Projected Unassigned

Beginning Fund Balance: $13,688,112

Revenues 164,013,339

Expenditures 164,414,599

Ending Fund Balance: $13,286,852*

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*8.08% of unassigned general fund expenditures

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General Fund

  • Detailed budget books by fund provided to School Board

  • Presentation intended to be an overview of the changes

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  • Begin planning based on new allocations

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  • Monitoring of current market conditions, legislative action and student enrollment will be ongoing

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General Fund – Next Steps

  • Asking for Board Approval at the May 23, 2022 meeting

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Questions?

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Information

For more detailed information,

please go to our website at:

www.isd728.org

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Contact Kim Eisenschenk or Joe Primus at:

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kimberly.eisenschenk@isd728.org

763-241-3403

joseph.primus@isd728.org

763-241-3437

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