Approval of 2019-2020 Revised Budgets

Approval of the revised 2019-2020 budgets will change the individual fund totals as follows:

1.       General Fund Revenues from $108,433,799 to $111,414,206.
2.       General Fund Expenditures from $108,378,134 to $113,285,994.
3.       Food Service Fund Revenues from $4,607,000 to $4,639,000.
4.       Food Service Fund Expenditures from $4,978,428 to $4,649,692.
5.       Community Service Fund Revenues from $7,151,791 to $7,122,508.
6.       Community Service Fund Expenditures from $7,286,833 to $7,303,990.
7.       Debt Service Revenue from $8,640,049 to $8,621,853.     
8.       OPEB Debt Service Revenues from $954,894 to $954,635.
9.       OPEB Debt Service Expenditures from $961,651 to $962,155.

Enclosed, as a separate document, is the recommended revised 2019-2020 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 2019.