Matthew Hammer, Director of Finance Fridley Public Schools Revised Budget FY 2016‐17 January 17, 2017
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Matthew Hammer, Director of Finance
Fridley Public SchoolsRevised Budget FY 2016‐17
January 17, 2017
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
2,904 2,899
2,966
3,022 3,025
2012‐2013 2013‐2014 2014‐2015 2015‐2016 2016‐2017 Est.
Enrollment
1,107 1,121 1,127 1,1281,091
864 848
924 948 963
856 860 852881 906
2012-13 2013-14 2014-15 2015-16 2016-17 EST.
K-4 5-8 9-12
General Fund Unassigned Fund Balance
Actual Actual Actual Actual Budget BudgetFY11‐12 FY12‐13 FY13‐14 FY14‐15 FY15‐16 FY16‐17
Expenditures $29,042,572 $29,346,947 $28,817,392 $29,572,625 $32,484,416 $33,034,856Fund Balance $1,399,852 $1,009,535 $1,337,127 $2,052,826 $2,449,325 $2,521,362Fund Balance % 4.82% 3.44% 4.64% 6.94% 7.54% 7.63%
$1,399,852
$1,009,535
$1,337,127
$2,052,828
$2,449,325 $2,521,362
2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2015-2017 EST.
Revenue By Source
Revenue Source FY 16 Actual FY 16 % FY 17 Budget FY 17 %State Revenues $34,177,980 82.9% $34,402,567 83.5%Local Revenues $5,756,191 13.9% $5,418,747 13.1%Federal Revenues $1,338,423 3.2% $1,396,822 3.4%Incoming Transfers Other Funds $0 0.0% $0 0.0%Total $42,272,594 100.0% $41,218,136 100.0%
State Revenues
83%
Local Revenues
14%
Federal Revenues
3%
State Revenues
84%
Local Revenues
13%
Federal Revenues
3%
General Fund Budget
FY16‐17 Unassigned Revenues $33,106,893FY16‐17 Unassigned Expenditures $33,034,856
Surplus $ 72,037
Ending Fund Bal June 2016 $ 2,449,325Estimated Fund Bal June 2017 $ 2,521,362June 30, 2017 Fund Balance % 7.63%
Expense Budget Fiscal Year 2017
Administration4.2%
District Support Services5.0%
Regular Instruction40.9%
Vocational Education Instruction
0.8%
Special Education Instruction
21.0%
Instructional Support Services
7.0%
Pupil Support Services10.9%
Sites and Buildings7.7%
Fiscal and Other Fixed2.5%
Expense Budget Fiscal Year 2017
$.80 Directly Supports Students
$.11 Sites/Buildings/Other
$.05 District Support Services
$.04 Administration
Expense Budget Fiscal Year 2017
Salaries & Wages55.2%
Employee Benefits19.5%
Purchased Services17.0% Supplies & Materials
3.2%
Capital Expenditures2.1%
Debt Service0.8%
Other Expenditures2.2%
Food Service
FY16‐17 Revenues $2,061,308FY16‐17 Expenditures $2,059,531
Surplus $1,777
Ending Fund Bal June 2016 $549,734Estimated Fund Bal June 2017 $551,512
Community Service
FY16‐17 Revenues $ 2,822,435FY16‐17 Expenditures $ 2,807,037
Surplus $ 15,398
Ending Fund Bal June 2016 $ 208,173Estimated Fund Bal June 2017 $ 223,571
Other Funds
Capital Internal DebtProjects Service Service
FY16‐17 Revenues $ 464,983 $ 5,166,000 $ 4,345,957FY16‐17 Expenditures $ 15,869,983 $ 4,973,250 $ 25,369,885Surplus/(Deficit) $ (15,405,000) $ 192,750 $(21,023,928)
Fund Bal. 6/30/16 $ 21,278,912 $ 5,564,483 $20,845,937Est. Fund Bal. 6/30/17 $ 5,873,912 $ 5,757,233 $ (177,991)
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