MENAHGA

ISD 821

FY25 ORIGINAL BUDGET

Regular School Board Meeting

Monday, June 17, 2024
 MENAHGA
FY25 ORIGINAL BUDGET

Table of Contents

Page
All Funds Summary ……………………………………………….
1

Fund 01 - General Fund ……………………………………………….

2

Fund 01 - General Fund Balance Summary ……………………………………………….

3

Fund 02 - Food Service Fund ……………………………………………….

4

Fund 04 - Community Education Fund ……………………………………………….

5

Fund 07 - Debt Service Fund ……………………………………………….

6
 MENAHGA
FY25 ORIGINAL BUDGET
BUDGET SUMMARY - ALL FUNDS

Revised Original Budget

Final Final Budgret Increase/ %
FY22 FY23 FY24 FY25 (Decrease) Change
FUND 01 - General Fund
Incl. Transportation, Capital, Scholarships & Student
Revenue $ 11,856,780 $ 12,490,503 $ 13,501,574 $ 13,469,138 $ (32,436) -0.24%
Expenditures $ 11,348,314 $ 12,534,826 $ 13,105,607 $ 13,329,984 $ 224,377 1.71%
Net Surplus/(Deficit) $ 508,466 $ (44,323) $ 395,967 $ 139,154 $ (256,813)
FUND 02 - Food Service Fund
Revenue $ 895,951 $ 823,555 $ 864,800 $ 864,800 $ - 0.00%
Expenditures $ 785,510 $ 811,216 $ 956,598 $ 982,795 $ 26,197 2.74%
Net Surplus/(Deficit) $ 110,441 $ 12,339 $ (91,798) $ (117,995) $ (26,197)
FUND 04 - Community Ed Fund
Revenue $ 195,353 $ 218,150 $ 205,337 $ 212,444 $ 7,107 3.46%
Expenditures $ 193,490 $ 231,702 $ 263,571 $ 225,139 $ (38,432) -14.58%
Net Surplus/(Deficit) $ 1,863 $ (13,552) $ (58,234) $ (12,695) $ 45,539
FUND 07 - Debt Service Fund
Revenue $ 1,323,793 $ 1,035,435 $ 1,369,407 $ 1,331,897 $ (37,510) -2.74%
Expenditures $ 1,034,013 $ 1,229,775 $ 1,284,925 $ 1,307,275 $ 22,350 1.74%
Net Surplus/(Deficit) $ 289,780 $ (194,340) $ 84,482 $ 24,622 $ (59,860)
TOTAL REVENUE $ 14,271,877 $ 14,567,643 $ 15,941,118 $ 15,878,279 $ (62,839) -0.39%
TOTAL EXPENDITURES $ 13,361,327 $ 14,807,519 $ 15,610,701 $ 15,845,193 $ 234,492 1.50%

TOTAL ALL FUNDS

Net Surplus/(Deficit) $ 910,550 $ (239,876) $ 330,417 $ 33,086 $ (297,331)

1
MENAHGA
Revised Budget FY24 GENERAL FUND 01
Original Budget FY25

Revised Original Increase / %

Final Final Budget Budget (Decrease) Change
FY22 FY23 FY24 FY25 FY25 FY25
EXPENDITURES

100 Salaries & Wages $ 6,855,347 $ 7,269,069 $ 7,702,775 $ 7,953,726 $ 250,951 3.26%
200 Employee Benefits 1,891,743 1,959,565 2,164,592 2,221,690 57,098 2.64%
300 Purchased Services 1,520,730 1,702,951 1,745,267 1,771,184 25,917 1.48%
400 Supplies & Materials 677,739 912,712 884,970 928,554 43,584 4.92%
500 Capital Expenditures 375,365 460,343 517,683 367,500 (150,183) -29.01%
800 Other Expenditures 27,390 90,187 90,320 87,330 (2,990) -3.31%
900 Transfers - 139,999 - - - 0.00%
$ 11,348,314 $ 12,534,826 $ 13,105,607 $ 13,329,984 224,377 1.71%

REVENUE $ 11,856,780 $ 12,490,503 $ 13,501,574 $ 13,469,138 (32,436) -0.24%

Net Surplus/(Deficit)
$ 508,466 $ (44,323) $ 395,967 $ 139,154 $ (256,813)

2
 MENAHGA
GENERAL FUND BALANCE SUMMARY
Expenditures Projected Expenditures
Reserve Fund Balance
Final FY23 Revenue FY24 FY24 Transfers FY24 Revenue FY25 FY25 Transfers FY25
Gifted and Talented 438 - 13,408 (13,408) - $ - 13,502 (12,874) - 628
Long Term Facilities Maint 467 (243,331) 106,688 (148,750) - $ (285,393) 124,092 (88,750) - (250,051)
Medical Assistance 472 84,620 112,500 (165,100) - $ 32,020 118,000 (132,127) - 17,893
Student Activities 130,675 64,429 (64,429) $ 130,675 64,429 (64,429) 130,675
Scholarships 402 48,917 1,800 - - $ 50,717 1,800 - - 52,517
TOTAL RESERVE FUND BALANCE $ 20,881 $ 298,825 $ (391,687) $ - $ (71,981) $ 321,823 $ (298,180) $ - (48,338)

Expenditures Projected Expenditures

Unassigned Fund Balance
Final FY23 Revenue FY24 FY24 Transfers FY25 Revenue FY25 FY25 Transfers FY25
TOTAL UNASSIGNED FUND BALANCE $ 3,235,986 $ 13,050,980 $ (12,823,910) $ - $ 3,463,056 * $ 13,147,315 $ (13,031,804) $ - $ 3,578,567 **

FY24 FY25
Assigned Fund Balance
Final FY23 (Use)/Assign Final FY24 (Use)/Assign FY25
Separation $ 8,500
TOTAL ASSIGNED FUND BALANCE 8,500 - - - -

* FY24 Unassigned Fund Balance 26%

**FY25 Projected Unassigned Fund Balance 27%

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MENAHGA
Revised Budget FY24 FOOD SERVICE FUND 02
Original Budget FY25

Revised Original Increase / %

Final Final Budget Budget (Decrease) Change
FY22 FY23 FY24 FY25 FY25 FY25
EXPENDITURES

100 Salaries & Wages $ 265,390 $ 258,849 $ 321,344 $ 305,690 $ (15,654) -4.87%
200 Employee Benefits 67,206 63,455 76,939 77,405 466 0.61%
300 Purchased Services 24,008 30,078 41,465 20,200 (21,265) -51.28%
400 Supplies & Materials 428,906 452,995 484,850 577,000 92,150 19.01%
500 Capital Expenditures - 5,839 32,000 2,500 (29,500) -92.19%
800 Other Expenditures - - - - - 0.00%
$ 785,510 $ 811,216 $ 956,598 $ 982,795 26,197 2.74%

REVENUE $ 895,951 $ 823,555 $ 864,800 $ 864,800 - 0.00%

Net Surplus/(Deficit)
$ 110,441 $ 12,339 $ (91,798) $ (117,995) $ (26,197)

FUND BALANCE PROJECTION - FUND 02 FOOD SERVICE

June 30 Bal % of Exp

Restricted
FY19 $ 52,103 7.64%
FY20 $ (96,496) $ (44,393) -4.45%
FY21 $ 46,221 $ 1,828 0.31%
FY22 $ 110,441 $ 112,269 14.29%
FY23 $ 12,339 $ 124,608 15.36%
FY24 $ (91,798) $ 32,810 3.43%
Projected:
FY25 $ (117,995) $ (85,185) -8.67% *

*Notes:
Target fund balance = 3 months of expenditures / $320K
MENAHGA
Revised Budget FY24 COMMUNITY EDUCATION FUND 04
Original Budget FY25

Revised Original Increase / %

Final Final Budget Budget (Decrease) Change
FY22 FY23 FY24 FY25 FY25 FY25
EXPENDITURES

100 Salaries & Wages $ 93,169 $ 121,751 $ 142,920 $ 110,755 $ (32,165) -22.51%
200 Employee Benefits 22,234 28,726 35,464 31,247 (4,217) -11.89%
300 Purchased Services 66,723 70,973 76,475 75,425 (1,050) -1.37%
400 Supplies & Materials 10,654 10,252 8,712 7,712 (1,000) -11.48%
500 Capital Expenditures - - - - - 0.00%
800 Other Expenditures 710 - - - - #DIV/0!
$ 193,490 $ 231,702 $ 263,571 $ 225,139 (38,432) -14.58%

REVENUE $ 195,353 $ 218,150 $ 205,337 $ 212,444 7,107 3.46%

Net Surplus/(Deficit)
$ 1,863 $ (13,552) $ (58,234) $ (12,695) $ 45,539

FUND BALANCE PROJECTION - FUND 04 COMMUNITY EDUCATION

June 30 Bal % of Exp

Restricted
FY19 $ 72,217 42.35%
FY20 $ 20,759 $ 92,976 61.63%
FY21 $ (112,113) $ (19,137) -6.30%
FY22 $ 1,863 $ (17,274) -8.93%
FY23 $ (13,552) $ (30,826) -13.30%
FY24 $ (58,234) $ (89,060) -33.79%
Projected:
FY25 $ (12,695) $ (101,755) -45.20%

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MENAHGA
Revised Budget FY24 DEBT SERVICE FUND 07
Original Budget FY25

Revised Original Increase / %

Final Final Budget Budget (Decrease) Change
FY22 FY23 FY24 FY25 FY25 FY25
EXPENDITURES

710 Bond Principal $ 535,000 $ 745,000 $ 825,000 $ 875,000 $ 50,000 6.06%

720 Bond Interest 497,350 483,350 458,500 430,850 (27,650) -6.03%
790 Other 1,663 1,425 1,425 1,425 - 0.00%
$ 1,034,013 $ 1,229,775 $ 1,284,925 $ 1,307,275 22,350 1.74%

REVENUE $ 1,323,793 $ 1,035,435 $ 1,369,407 $ 1,331,897 (37,510) -2.74%

Net Surplus/(Deficit)
$ 289,780 $ (194,340) $ 84,482 $ 24,622 $ (59,860)

FUND BALANCE PROJECTION - FUND 07 DEBT SERVICE

June 30 Bal % of Exp

Restricted
FY19 $ 133,089 14.50%
FY20 $ 14,585 $ 147,674 12.93%
FY21 $ (7,462) $ 140,212 13.65%
FY22 $ 289,780 $ 429,992 41.58%
FY23 $ (194,340) $ 235,652 19.16%
FY24 $ 84,482 $ 320,134 24.91%
Projected:
FY25 $ 24,622 $ 344,756 26.37%