Approval of 2014-2015 Revised Budgets

Attached is the recommended revised 2014-2015 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 2014.
 
Approval of the revised 2014-2015 budgets will change the individual fund totals as follows:

 

1.	General Fund Unappropriated Revenues from $77,160,746 to $77,663,203
2.	General Fund Unappropriated Expenditures from $77,666,265 to $78,759,282
3.	Food Service Fund Revenues from $3,620,700 to $3,763,200
4.	Food Service Fund Expenditures from $3,765,341 to $3,974,841
5.	Community Service Fund Revenues from $4,999,432 to $5,290,743
6.	Community Service Fund Expenditures from $5,281,123 to $5,494,729
7.	Capital Fund Revenue from $3,186,578 to $3,259,894
8.	Capital Fund Expenditures from $3,916,075 to $4,094,275
9.	Deferred Maintenance Expenditures from $562,100 to $470,000
10.	Health & Safety Fund Expenditures from $400,000 to $650,000
11.	Debt Redemption Fund Revenues from $6,977,584 to $17,003,225
12.	Debt Redemption Fund Expenditures from $10,167,984 to $10,180,384
13.	Building Construction Fund Revenues from $80,000 to $600,000
14.	Building Construction Fund Expenditures from $19,030,000 to $12,390,000
15.	OPEB Debt Service Fund Revenues from $1,797,129 to $1,790,552

The administration recommends Board approval of the Revised Budgets for 2014-2015.