Matthew Hammer, Director of Finance

Fridley Public SchoolsAdopted Budget FY 2016‐17

June 21, 2016

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 2,987 

3,025 

2012‐2013 2013‐2014 2014‐2015 2015‐2016 Est. 2016‐2017 Est.

Enrollment

1,107 1,121 1,127 1,1291,101

864 848

924 948979

856 860 852 866 882

2012-13 2013-14 2014-15 2015-16 EST. 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 $29,054,130 $29,326,316 $28,838,575 $29,572,943 $31,052,547 $32,082,317Fund Balance $1,399,852 $1,009,535 $1,337,127 $2,052,828 $2,255,730 $2,344,564Fund Balance % 4.82% 3.44% 4.64% 6.94% 7.26% 7.31%

$1,399,852

$1,009,535

$1,337,127

$2,052,828$2,255,730 $2,344,564

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 EST. 2015-2017 EST.

Revenue By Source

Revenue Source FY 15 Actual FY 15 % FY 17 Budget FY 17 %State Revenues $31,976,498  83.7% $33,784,567  83.7%Local Revenues $4,756,778  12.5% $5,313,145  13.2%Federal Revenues $1,464,924  3.8% $1,279702  3.2%Incoming Transfers Other Funds $0  0.0% $0  0.0%Total $38,198,200  100.0% $40,377,414 100.0%

State Revenues

84%

Local Revenues

12%

Federal Revenues

4%

State Revenues

84%

Local Revenues

13%

Federal Revenues

3%

General Fund Budget

FY16‐17 Unassigned Revenues $32,171,151FY16‐17 Unassigned Expenditures $32,082,317

Surplus $     88,834

Estimated Fund Bal June 2016 $  2,255,730Estimated Fund Bal June 2017 $  2,344,564June 30, 2017 Fund Balance % 7.31%

Expense Budget Fiscal Year 2017

Administration4.2% District Support Services

5.5%

Regular Instruction40.3%

Vocational Education Instruction

0.7%

Special Education Instruction

20.9%

Instructional Support Services

7.0%

Pupil Support Services11.1%

Sites and Buildings7.7%

Fiscal and Other Fixed2.6%

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 Services16.4% Supplies & Materials

3.2%

Capital Expenditures2.6%

Debt Service0.8%

Other Expenditures2.3%

Food Service

FY16‐17 Revenues $2,003,109FY16‐17 Expenditures $2,059,531

Deficit (    $56,422)

Estimated Fund Bal June 2016 $336,380Estimated Fund Bal June 2017 $279,958

Community Service

FY16‐17 Revenues $ 3,046,433FY16‐17 Expenditures $ 2,984,566

Surplus $ 61,867

Estimated Fund Bal June 2016   $     10,118Estimated Fund Bal June 2017 $     71,985

Other Funds

Capital Internal DebtProjects Service Service

FY16‐17 Revenues             $       464,983 $ 5,166,000        $   4,345,957FY16‐17 Expenditures       $  15,410,000   $ 4,783,250        $ 25,369,885Surplus/(Deficit)             $ (15,405,000)         $    382,750        $(21,023,928)

Est. Fund Bal. 6/30/16  $  25,252,599 $ 4,949,631           $20,676,308Est. Fund Bal. 6/30/17  $    9,847,599 $ 5,332,381           $   (347,620)

Matthew HammerDirector of FinanceFridley Public SchoolsMatt.Hammer@Fridley.k12.mn.us

Questions / Comments