Approval of 2015-16 Revised Budgets

Approval of the revised 2015-2016 budgets will change the individual fund totals as follows:
 

1.       General Fund Unappropriated Revenues from $79,457,649 to $81,574,216.
2.       General Fund Unappropriated Expenditures from $79,230,912 to $81,976,885.
3.       Food Service Fund Revenues from $3,786,700 to $3,901,000.
4.       Food Service Fund Expenditures from $3,864,841 to $3,981,930.
5.       Community Service Fund Revenues from $5,249,273 to $6,200,828.
6.       Community Service Fund Expenditures from $5,562,425 to $5,806,768.
7.       Capital Fund Expenditures from $3,585,534 to $3,579,534.
8.       Deferred Maintenance Expenditures from $820,000 to $675,000.
9.       Debt Redemption Fund Revenues from $7,507,122 to $23,443,282.
10.       Debt Redemption Fund Expenditures from $9,951,384 to $13,777,484.
11.       Building Construction Fund Revenues from $150,000 to $300,000.
12.       Building Construction Fund Expenditures from $31,750,000 to $35,051,000.
13.       OPEB Debt Service Fund Revenues from $800,000 to $0.

Enclosed, as a separate document, is the recommended revised 2015-2016 budget for Mankato Area Public Schools programs.  This revised budget is recommended by the administration as a result of salary adjustments with staff, revised revenue projections, and as a result of a number of program modifications which have occurred since the original budget was adopted in June of 2015.