St' Louis Park Schools, ISD

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St. Louis Park Schools, ISD 283

• School Board Budget Hearing
• April 28, 2008

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General Fund Unreserved-Undesignated Fund Balance
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2007-2008 Revised General Fund Budget (includes
transportation, excludes ATTPS)

• Beginning Fund Balance 443,547
• Revenues 45,836,078
• Expenses 45,999,462
• Ending Fund Balance 280,163

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Budget Process Calendar

• December-January Community/Employee Input
• December-January District office budget
  reductions
• February Building budget reductions
• March Staffing
• April Budget Hearing
• June Board Adoption of Budget

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Budget Impact Items that continue to change

• Enrollment
• Legislative Session
• Federal and State Mandates
• Rising Costs Health Insurance, Utilities, Food,
  Fuel
• State Retirement Program Increases (TRA/PERA)
• Number of Resident Pupil units attending out of
  district tuition programs
• Contract Negotiations

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Enrollment Trend
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2008-2009 Budget Assumptions

• 250,000 of additional General Education Revenue
  of 1 increase
• Stable enrollment from the current year(07-08)
• 1,200,000 of additional salaries/benefits for
  expected increases in salaries and benefits
• Utility cost increases, mitigated by SEE program

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08-09 General Fund Preliminary(includes
transportation, excludes ATTPS)

• Revenue 46,086,078
• Expenditures 47,199,462
• Projected Deficit - 1,113,384

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(No Transcript)
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General Fund Expenditures
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08-09 Projected General Unreserved Fund Balance

• Projected Beginning Fund Balance 280,163
• Revenue 46,086,078
• Expenditures 47,199,462
• Less Proposed Reductions
  1,335,454
• Projected Ending Balance 502,233

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General Fund Budget Reductions