Approval of 2017-2018 Revised Budgets

Approval of the revised 2017-2018 budgets will change the individual fund totals as follows:

1. General Fund Revenues from $95,248,159 to $97,587,019.
2. General Fund Expenditures from $97,882,692 to $100,216,710.
3. Food Service Fund Revenues from $4,377,000 to $4,552,080.
4. Food Service Fund Expenditures from $4,328,430 to $4,501,567.
5. Community Service Fund Revenues from $6,374,649 to $6,512,823.
6. Community Service Fund Expenditures from $6,932,687 to $7,220,466.
7. Construction Fund Expenditures from $2,314,393 to $7,260,765.
8. Arena Fund Revenues from $752,704 to $723,000.
9. Arena Fund Expenditures from $784,855 to $723,000.
10. OPEB Trust Fund Revenues from $500,000 to $700,000.
11. OPEB Trust Fund Expenditures from $840,871 to $923,417.

Enclosed, as a separate document, is the recommended revised 2017-2018 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 2017.