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4. Forest Lake School District budget presentationForest Lake Area Schools School Board: Rob Rapheal Luke Odegaard Gail Theisen Julie Corcoran Karen Morehead Jill Olson Jeff Peterson Superintendent: Steve Massey Business Manager: Larry Martini District Per Pupil Revenue Comparisons 2017 Revenue and Spending Per Student $12,800 $12,600 $12,400 $12,200 $12,000 $11,800 $11,600 $11,400 $11,200 $11,000 $10,800 Revenue Per Student Expenditure Per Student n Forest Lake State Ave ■ 7 -County Metro Ave 2/26/2018 1 C The Basic Formula Has Not Kept Up With Inflation The basic formula is a critical source of funding from the state. 59,000 $2,514 —Actual Basic Formula Allowance per per Pupil S7p1V Pupil Gap '2 flnflation Adjusted Basic Formula jIPD) C, d d AAW 53,000 Forest Lake Area Schools VoterlBord Approved Referendum Authority Per Pupil Unit FY 17.181Excludes Local Optional Revenuel Group Average $ 1,194.69 Forest Lake $ 461.67 Variance $ (723.02): $1,600 $1 A00 $1,200 $1,000 $800 -- — 8600 5460 52x}0 SO 41 eal Q•� Il r y�gy c Source: MDE Rsrnues Per ADM, FY 2005 to FY 2070 (all revenues cenwned to per pupil unit © EHLERS 2/26/2018 N 1,t $879 0,� orar$ X00) � c� q9 © EHLERS 2/26/2018 N General Fund Revenue 17-18 *STATE SOURCES F *PROPERTY TAXES _- - 3% 79% - OFEDERALSOURCES 3% oOTHER STATE SOURCES $ 56,250,000 PROPERTY TAXES 11,000,000 FEDERAL SOURCES 1,800,000 OTHER 2,400,000 _ 71,450,000 Forest Lake Area Schools Business Services June 1, 2017 General Fund Expenditures 17-18 ❑ SALARIES AND WAGES ■EMPLOYEE BENEFITS 0PURCHASED SERVICES OSUPPLIES & MATERIALS eCAPITAL EXPENDITURE OINTEREST & OTHER EXPENSE SALARIES AND WAGES EMPLOYEE BENEFITS PURCHASED SERVICES SUPPLIES & MATERIALS CAPITAL EXPENDITURE 3% T °ln 2% 0% 3 43,350,886 16,206,893 8,048,338 1,980,844 1,632,306 227.996 71,447.263 Forest Lake Area Schools Business Services June 1, 2017 2/26/2018 3