Approval of 2018-2019 Revised Budgets

Approval of the revised 2018-2019 budgets will change the individual fund totals as follows:

1.       General Fund Revenues from $103,547,863 to $104,250,821.
2.       General Fund Expenditures from $103,452,318 to $104,239,986.
3.       Community Service Fund Revenues from $6,846,438 to $6,763,060.
4.       Community Service Fund Expenditures from $7,431,600 to $7,499,782.
5.       Construction Fund Revenues from $800 to $6,800.
6.       Construction Fund Expenditures from $2,196,357 to $6,800.
7.       Debt Service Revenue from $8,712,299 to $8,863,829.
8.       Debt Service Expenditures from $8,199,069 to $23,931,500.
9.       Arena Fund Revenues from $697,000 to $728,000.
10.       Arena Fund Expenditures from $691,700 to $728,000.
11.       OPEB Trust Fund Revenues from $550,000 to $450,000.
12.       OPEB Trust Fund Expenditures from $775,047 to $765,047.
13.       OPEB Debt Service Revenues from $957,689 to $981,055.

Enclosed, as a separate document, is the recommended revised 2018-2019 budget for Mankato Area Public Schools programs.  This revised budget is an annual process and is recommended by the administration as a result of revised revenue projections, and a number of budget modifications which have occurred since the original budget was adopted in June of 2018.