Approval of the revised 2023-2024 budgets will change the individual fund totals as follows, as compared to the FY 24 Preliminary Budget which was board approved in June 2023: 

1.       General Fund Revenues from $122,163,609 to $126,737,352.

2.       General Fund Expenditures from $117,333,412 to $120,445,183.

3.       Food Service Revenues from $5,933,350 to $6,140,431.

4.       Food Service Expenditures from $5,963,286 to $6,137,986.

5.       Community Service Fund Revenues from $6,939,860 to $7,017,381.

6.       Community Service Fund Expenditures from $5,999,761 to $7,581,954.

7.       Construction Fund Revenues from $150,000 to $115,380,643.

8.       Construction Fund Expenditures from $9,398,844 to $17,860,408.

9.       Debt Service Revenue from $9,707,684 to $9,936,044.  

10.       OPEB Debt Service Revenues from 812,815 to $812,816.

Enclosed, as a separate document, is the recommended revised 2023-2024 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 2023. The primary drivers behind many of the changes in this Budget compared to the Preliminary Budget include: updated enrollment, capital outlay expenditures, and employment agreement updates. The increase in construction fund revenue and expenditures is related to the successful passage of our bond referendum in November 2023.  District administration recommends approval.