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<br />The Comprehensive Annual Financial Report for the focal year ended June 30, 2006, will be presented to the school board
<br />for approval at its Oct. 30 meeting and posted on the district web site (www.isdl2.org). Some highlights are listed below:
<br />General Fund
<br />Year ended
<br />Local sources
<br />Property taxes
<br />Investment earnings
<br />Other
<br />State sources
<br />Federal sources
<br />Total
<br />revenue by source
<br />June 30, 2006
<br />$ 1,158,009
<br />391,840
<br />1,394,874
<br />47,352,334
<br />2,039,426
<br />$52,336,483
<br />General Fund expenditure by object
<br />Year ended June 30, 2006
<br />$31,591,393
<br />8,743,446
<br />8,931,945
<br />1,746,930
<br />1,079,034
<br />314,515
<br />$52,796,714
<br />Salaries
<br />Employee benefits
<br />Purchased services
<br />Supplies, materials, equipment
<br />Capital expenditures
<br />Debt service
<br />Total expenditures
<br />Expenses for fiscal year 2006 (all funds)
<br />Source: Comprehensive Annual Financial Report, June 30, 2006— Auditor's note :: The
<br />district's expenditures are predominately related to educating students.
<br />Administration 3.6 Sites and Buildings 6.9
<br />District Support Services 1.6 Fiscal /Other Fixed Costs 0.6
<br />Elementary and Secondary Food Service 4.1
<br />Regular Instruction 36.4 Community Service 3.9
<br />Vocational Education Instruction 2.1 Depreciation Not Included in
<br />Special Education Instruction 18.1 Other Functions 4.7
<br />Instructional Support Services 4.2 Interest and Fiscal Charges on
<br />Pupil Support Services 6.4 Long -Term Debt 7.4
<br />Levy —what was promised —what was delivered
<br />Centennial residents approved a five -year $4.7 million op-
<br />erating levy referendum last November. The district prom-
<br />ised to use the first $2 million to keep up with inflation,
<br />which it has done. The district promised to use the remain-
<br />ing $2.7 million in several ways, listed below, followed by
<br />what has been delivered thus far.
<br />Promised
<br />* Reduce class sizes by restoring 15 -20 teachers
<br />* Restore paraprofessionals who work directly with students
<br />* Restore services (i.e. library, computer, TAG, counseling,
<br />music, art, technology, busing)
<br />* Purchase new textbooks
<br />* Update curriculum
<br />* Increase teacher /staff development
<br />* Aid the district with rising fuel costs
<br />* Help control extra - curricular fees
<br />* Slow the need for future budget reductions
<br />Delivered
<br />* Added back 27 teachers.
<br />* Added back eight paraprofessionals and kept three others
<br />added last year due to high class sizes (these staff members
<br />would have been cut without the levy).
<br />* Added funding and staff to Gifted Education, music at
<br />the secondary level, and high school counseling. Increased
<br />busing at the high school .
<br />* Increased the textbook budget by 60 percent which, over
<br />the course of several years, will allow Centennial to pur-
<br />chase up -to -date instructional materials across all curricular
<br />areas.
<br />* Learner outcomes are reassessed on a five -year cycle that
<br />includes reviewing student performance data, instructional
<br />best practices, alignment with Minnesota academic stan-
<br />dards, and identification of instructional strategies and cur-
<br />riculum resources to help meet those needs. The restoration
<br />of funds allows the district to more comprehensively ad-
<br />dress the identified instructional and curricular needs.
<br />* Staff development priorities are determined through an
<br />annual needs assessment conducted at the building and
<br />district level, along with state /federal mandates. Additional
<br />funding allows the district to improve the quality of these
<br />events, and approval of the CACS (Centennial Alternative
<br />Compensation System or Q Comp) increases staff develop-
<br />ment and provides a teacher mentorship program. Elemen-
<br />tary teachers received training this fall on a newly acquired
<br />data management system
<br />that simplifies data analysis
<br />and offers classroom tools to
<br />apply test scores directly to
<br />instruction.
<br />* Fuel cost expenses funded
<br />with the increase.
<br />* Reduced fees for extra-cur-
<br />ricular activities.
<br />* Suspended need to plan
<br />for budget reductions.
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