ISD

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ISD 911 - Cambridge-Isanti
School Finance Presentation Prepared
Presented by DeeDee Kahring Director of
Finance March 3, 2002
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ISD 911 - Cambridge-Isanti

• ISD 911 Facts

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ISD 911 - Cambridge-Isanti

• ISD 911 School District Facts
• 252 square miles
• 720,000 square feet of district buildings
• 717 full-time and part-time employees
• 4695 students
• 22,659 residents
• Host district for three cooperatives
• Year round education program grades K-8
• 38th Largest School District (Out of 345)

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ISD 911 - Cambridge-Isanti
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ISD 911 - Cambridge-Isanti

• School Finance

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ISD 911 - Cambridge-Isanti

• Fund Definitions

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ISD 911 - Cambridge-Isanti

• School District Funds
• 01 - General Fund
• Educational
• Instructional
• Pupil support
• District administration
• Maintenance
• Transportation
• Capital

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ISD 911 - Cambridge-Isanti

• School District Funds
• 02 - Food Service
• School Food Service Program
• 04 - Community Services
• Community Education
• Early Childhood
• Adult Basic Education
• Recreation

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ISD 911 - Cambridge-Isanti

• School District Funds
• 07 - Debt Service
• Bond Indebtedness
• 08 09 - Trust Agency
• Rum River Special Ed Coop
• Oakland Vocational Coop
• ECMECC
• Student Activities

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ISD 911 - Cambridge-Isanti

• Revenue

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ISD 911 - Cambridge-Isanti
FY 02 General Education Aid and Levy Formula
Total Formula Allowance - Local Effort State Aid
(Formula Allowance x Pupil Units) - (ANTC x Tax
Capacity Ratio) State Aid
(4068 x 5411.83) - (13,280,509 x 32.41) State
Aid
22,015,324 - 4,304,213 17,711,111
State Aid per Pupil Unit 17,711,111 / 5411.83
3272.67
Local Revenue per Pupil Unit 4,304,213 /
5411.83 795.33
Percent State Aid 3272.67 / 4068 80.45
Percent Local Aid 795.33 / 4068 19.55
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ISD 911 - Cambridge-Isanti
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ISD 911 - Cambridge-Isanti

• Expense

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ISD 911 - Cambridge-Isanti

• Program Expense Categories
• Administration - Includes School Board,
  Superintendent, Principals, Directors of
  Instructional Areas
• District Support - Includes Human Resources,
  Finance, School Elections
• Elementary Secondary Regular Instruction -
  Includes all activities dealing directly with
  teaching of pupils.

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ISD 911 - Cambridge-Isanti

• Program Expense Categories (contd)
• Vocational Education Instruction - Courses and
  activities for students seeking career
  exploration and employability
• Exceptional (Special Education) Instruction -
  Learning experiences for pupils with atypical
  characteristics or conditions
• Instructional Support Services - Assistance for
  the instructional staff. (Examples, media,
  curriculum)

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ISD 911 - Cambridge-Isanti

• Program Expense Categories (contd)
• Pupil Support - Services provided to students
  (Examples, counseling/guidance, health services,
  social work)
• Operations Maintenance - Activities related to
  the operations, maintenance, repair of the
  districts facilities and grounds

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ISD 911 - Cambridge-Isanti
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ISD 911 - Cambridge-Isanti
Expenses as a Percent of Total Budget FY
2002 Budget Budget Percent District
Services 1,983,953 7.1 Elementary/Secon
dary 1,491,366 5.3 Dellwood Learning
Center 234,789 0.8 Federal Programs
947,222 3.4 Cambridge Elem 3,448,135
12.3 Isanti Elem/SFAS 3,190,110
11.4 Cambridge Middle 3,507,238
12.5 Isanti Middle 2,992,474
10.7 Minnesota Center 614,880
2.2 Cambridge-Isanti High 7,542,968
27.0 Activities (net of revenue) 550,647
2.0 Transportation 1,460,266
5.2 Total 27,964,048 100.0
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ISD 911 - Cambridge-Isanti

• Referendum

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ISD 911 - Cambridge-Isanti

• Long-Term Debt

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ISD 911 - Cambridge-Isanti

• Enrollment

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ISD 911 - Cambridge-Isanti
October 1 Data
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October 1 Data
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ISD 911 - Cambridge-Isanti
October 1 Data
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ISD 911 - Cambridge-Isanti
October 1 Data
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ISD 911 - Cambridge-Isanti
October 1 Data
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ISD 911 - Cambridge-Isanti
October 1 Data - Includes part time full time
students
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ISD 911 - Cambridge-Isanti

• Fund Balances

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ISD 911 - Cambridge-Isanti

• General Fund Balances
• Reserved - Represent available resources for
  specific purposes. Created by Legislature to
  ensure that revenues are used only for specific
  purposes.
• Unreserved - Represent resources available to
  meet any current and future years expenses.

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ISD 911 - Cambridge-Isanti

• The most common statistic used to evaluate the
  school district financial health is the
  unreserved fund balance as a percent of operating
  expenditures.
• Statewide this percentage began dropping in
  Fiscal Year 1998, as spending outpaced funding
  increases.
• The Cambridge-Isanti School Districts has a goal
  to achieve a 10 unreserved fund balance.
  Currently we are at 1.8.

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• FY 2003 Budget Assumptions

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ISD 911 - Cambridge-Isanti

• FY 2003 - Revenue Assumptions
• 2.7 Increase on Funding Formula
• Projections on other revenue
• Examples
• Athletics/Activities (held revenue flat)
• Investments (decreased interest earnings)
• Impact of Governor's Big Fix
• Equity Aid
• Special Education Aid

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ISD 911 - Cambridge-Isanti

• FY 2003 Expense Assumptions
• Used current staff as base year
• Restored building/program supply budgets
• Increased categories by percent if known
• Increased all other categories by 4
• Impact of Governors Big Fix
• 6.5 Sales Tax

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ISD 911 - Cambridge-Isanti

• Budget FY 2003

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