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IMP
<br />STATE OF MINNESOTA - GENERAL FUND
<br />EXCERPTS OF "FUND BALANCE ANALYSIS" DOCUMENTS
<br />(All Amounts in 1,000 of Dollars)
<br />FINANCIAL RESOURCES APPLIED TO /FOR
<br />LOCAL GOVERNMENT:
<br />EDUCATION AIDS:
<br />EXHIBIT D
<br />Page 4 of 5
<br />1981 -83 BIENNIUM
<br />(July 1, 1981 - June 30, 1983)
<br />1/81
<br />Recommended
<br />Budget
<br />Actual
<br />Change/
<br />Difference
<br />- Foundation Aid $ 1,493,142 $ 1,164,554 $ (328,588)
<br />Transportation Aid 258,305 198,334 (59,971)
<br />Special and Compensatory Aid 209,102 190,231 (18,871)
<br />Vocational Education Aid 286,557 251,720 (34,837)
<br />Other Local Education Aids 55,889 55,159 (730)
<br />Budget Reduction and
<br />Funding Shifts -0- -0- -0-
<br />Total Education Aids 2,302,995 1,859,998 (442,997)
<br />Vow
<br />WIMP
<br />EDUCATION RETIREMENT:
<br />Teachers Retirement Association 174,736 130,942 (43,794)
<br />Teachers /Cities 1st Class 35,236 31,914 (3,322)
<br />Teachers Social Security 132,548 134,987 2,439
<br />Total Education Retirement 342,520 297,843 (44,677)
<br />LOCAL GOVERNMENT AID (Counties,
<br />Cities and Townships Only) 473,640 437,966 (35,674)
<br />PROPERTY TAX AIDS:
<br />Homestead Credits 908,000 788,293 (119,707)
<br />Agricultural Credits (Local
<br />School Districts Only) 148,005 141,902 (6,103)
<br />Other Property Tax Aids 26,520 26,969 449
<br />Total Property Tax Aids 1,082,525 957,164 (125,361)
<br />SPECIAL RETIREMENT AIDS:
<br />Minneapolis Pensions
<br />Local Police /Fire Amortization
<br />OTHER LOCAL GOVERNMENT:
<br />Mining Appt. (Direct Pay)
<br />Police and Fire Aid
<br />Other Local Aid
<br />Total Financial Resources
<br />Applied To /For Local
<br />Government
<br />13,283
<br />13,056
<br />113,155
<br />48,773
<br />55,976
<br />$ 4,445,923
<br />Source: State of Minnesota
<br />As excerpted and formatted by VRT & CO.
<br />9,104
<br />13,073
<br />129,825
<br />44, 090
<br />27,578
<br />(4,179)
<br />17
<br />16,670
<br />(4,683)
<br />(28,398)
<br />$ 3,776,641 $ (669,282)
<br />Note: F.Y. 1981 and 1982 Local Government - Education Aids have been adjusted for aids
<br />rescinded in F.Y. 1981 and then restored in F.Y. 1982 - $232,499,300.
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