Details for 2019-2020 Budget

Published in the Mille Lacs Messenger January 15, 2020 1012984

Division of School Finance
1500 Highway 36 West
Roseville, MN 55113-4266

DISTRICT REVENUES AND EXPENDITURES
BUDGET FOR FISCAL YEAR (FY) 2019 AND FY 2020

ED-00110-42

GENERAL INFORMATION: Minnesota Statutes, section 123B.10, requires that every school board shall publish the subject data of this report.
District Name: Isle Public Schools
District Number: 0473
FY 2019 ACTUAL
FY 2020 BUDGET
FY 2019
FY 2019 ACTUAL
JUNE 30, 2019
FY 2020 BUDGET
JUNE 30, 2020
EXPENDITURES
EXPENDITURES
FUND
BEGINNING
REVENUES AND
ACTUAL FUND
REVENUES AND
PROJECTED
AND
AND
FUND BALANCES TRANSFERS IN
BALANCES
TRANSFERS IN
FUND BALANCES
TRANSFERS OUT
TRANSFERS OUT
General Fund/Restricted
$74,637
$1,388,327
$1,309,999
$152,965
$1,162,225
$1,293,638
$21,552
General Fund/Other
$1,529,737
$4,835,279
$4,639,927
$1,725,089
$4,524,780
$4,878,169
$1,371,700
Food Service Fund
$33,001
$258,385
$265,396
$25,989
$267,150
$274,224
$18,915
Community Service Fund
$66,198
$186,991
$172,052
$81,138
$182,614
$171,022
$92,730
Building Construction Fund
$$$$$$$Debt Service Fund
$$$$$$$Trust Fund
$62,289
$16,915
$17,574
$61,630
$7,000
$16,000
$52,630
Internal Service Fund
$$$* OPEB Revocable Trust Fund
$$$$$$$OPEB Irrevocable Trust Fund
$$$$$$$OPEB Debt Service Fund
$$$$$$$TOTAL-ALL FUNDS
$1,765,862
$6,685,897
$6,404,948
$2,046,811
$6,143,769
$6,633,053
$1,557,527
CURRENT STATUTORY OPERATING DEBT PER
MINNESOTA STATUTES, SECTION 123B.81
LONG-TERM DEBT
Outstanding July 1, 2018
$952,911
AMOUNT OF GENERAL FUND DEFICIT, IF ANY, IN
$EXCESS OF 2.5% OF EXPENDITURES 06/30/2019
Plus: New Issues
$306,225
Less: Redeemed Issues
Outstanding June 30, 2019
SHORT-TERM DEBT
Certificates of Indebtedness

COST PER STUDENT - AVERAGE DAILY
MEMBERSHIP (ADM) 06/30/2019

$481,909
$777,227
$-

TOTAL OPERATING EXPENDITURES
FY 2019 TOTAL ADM SERVED + TUITIONED
OUT ADM + ADJUSTED EXTENDED ADM
FY 2019 OPERATING COST PER ADM

Other Short-Term Indebtedness
$The complete budget may be inspected upon request to the superintendent.
Comments: This information can be found on the district website at www.isle.k12.mn.us.

Published in the
Mille Lacs Messenger
January 15, 2020
1012984

$5,960,425.85
428.25
$13,918.10

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