Laserfiche WebLink
MOUNDS VIEW PUBLIC SCHOOLS <br /> GENERAL FUND PROJECTIONS <br /> (UNRESERVED REVENUE & EXPENDITURES) <br /> 1996-97 & 1997-98 <br /> 1996-97 BUDGET PROJECTIONS <br /> BEFORE AFTER <br /> PROGRAM PROGRAM <br /> REDUCTIONS* REDUCTIONS* <br /> Revenue $68,283 ,570 $68,283 ,570 <br /> Expenditures 70,480,506 68 , 669 , 056 <br /> Operating Deficit ($ 2, 196,936) ($ 385,486) <br /> Beginning Fund Balance 841,810 841, 810 <br /> Ending Fund Balance ($ 1, 355 , 126) $ 456 ,324 <br /> * Program reductions planned for 1996-97 are $1,811,450. <br /> . • <br /> PROJECTED PROJECTED <br /> 1996-97 1997-98 CHANGE <br /> Revenue $68, 283 , 570 $66, 627,350 ($1, 656, 220) (a) <br /> Expenditures 68 , 669 , 056 70, 473 ,523 ( 1,804 ,467) (b) <br /> Oper. Deficit ($ 385,486) ($ 3 ,846, 173) ($3 , 460, 687) <br /> Beg. Fund Balance 841, 810 456, 324 ($ 385, 486) (c) <br /> End. Fund Balance $ 456 , 324 ($ 3 , 389 ,849) ($3 , 846, 173) <br /> (a) Due to General Education revenue losses (actual General Education <br /> revenue loss is greater-see page 3) . <br /> (b) Inflationary increase of 3%. <br /> (c) Based on current plans for the 1996-97 budget there is an operating <br /> deficit of $385, 486 . This deficit carries over to 1997-98 and <br /> compounds the negative effects of revenue decline and inflationary <br /> increases in expenditures. <br /> • <br /> 9 <br />