Approval of 2016-2017 Revised Budgets

Approval of the revised 2016-2017 budgets will change the individual fund totals as follows:

1.       General Fund Revenues from $90,576,598 to $92,055,709.
2.       General Fund Expenditures from $90,114,069 to $94,581,270.
3.       Food Service Fund Revenues from $4,213,667 to $3,993,000.
4.       Food Service Fund Expenditures from $4,068,378 to $4,114,085.
5.       Community Service Fund Revenues from $6,082,288 to $6,403,575.
6.       Community Service Fund Expenditures from $5,895,063 to $6,445,501.
7.       Debt Service Fund Revenues from $7,365,331 to $8,531,168.
8.       Debt Service Fund Expenditures from $10,253,675 to $8,143,446.
9.       Building Construction Fund Revenues from $158,527 to $101,986.
10.       Building Construction Fund Expenditures from $35,485,270 to $16,772,715.
11.       OPEB Debt Service Fund Revenues from $1,028,301 to $972,524.

Enclosed, as a separate document, is the recommended revised 2016-2017 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 2016.