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Business services: district enrollment lower; Wildcat Academy keeps numbers above threshold; auditors scheduled
Summary
Director of business services Robin Foster reported slightly lower enrollment overall but noted 27 students in Wildcat Academy have kept totals above budgeted thresholds. Foster also reviewed monthly revenue/expense differences, audit timing and cash investments.
Robin Foster, the district’s director of business services, told the board the district is starting the year with lower enrollment than projected but that Wildcat Academy’s 27 students are keeping overall counts above a key threshold. Foster reported the district’s enrollment figure as "32 13" in the transcript; staff provided that figure as 3,213 students and said 342 are nonresident students. She said Wildcat Academy had 27 students enrolled and that one additional student will start in the second term.
Foster explained the difference between the monthly revenues-and-expenses report and the treasurer’s cash report: state aid payments received in cash can appear in the treasurer’s cash total while being recorded as revenue in a different fiscal year on the revenue-and-expense report because of receivable timing and audit adjustments. She said the general fund is "pretty much right on for the year," food-service expenses are higher partly because the district purchased ovens at primary and Taylor's Falls schools, and that community-service revenue appears lower due to deferred-revenue accounting for multi-month passes.
Foster said auditors are scheduled to be on site in two blocks: Sept. 29–Oct. 2 and Oct. 22–23 (dates reported by staff). She also pointed out the district is earning competitive interest on liquid accounts, noting the MSD LAF account at about 4.14% and the MAX account at about 4.24%.
Foster reviewed the budget timeline used by administrators and the board, noting state-of-the-district presentations and board budget meetings planned in February and March as part of the budget planning calendar. She reminded the board that the preliminary levy approved at the meeting is not the final levy and that staff will return with final numbers for the truth-in-taxation presentation.
Ending: Foster said the district is working through audit adjustments and receivable/payable timing; staff will finalize levy figures and continue budget planning with the board ahead of the final levy and bond decisions.
