Marquette Area Public Schools 2016 - Financial Overview | Munetrix

United States Michigan UPR Marquette-Alger RESA Marquette Area Public Schools 2016

Citizens' Guide Items

Revenues

Expenditures

Balance Sheet

Category Name	Amount
Local Sources	10,195,201
State Sources	18,068,775
Federal Sources	677,048
Incoming Transfers and Other Transactions	2,409,422
Fund Modification	15,000
	31,365,446

Category Name	Amount
Instruction - Basic Programs	13,990,092
Instruction - Added Needs, Adult/Continuing Education	4,809,517
Pupil Services	2,478,706
Instruction Staff	671,685
General Administration	429,936
School Administration	1,764,379
Business, Interest & Abatements	403,823
Operations & Maintenance	2,986,791
Transportation	1,389,093
Central Support Services	1,327,642
Athletics & Other Support Services	586,909
Community Services	241,532
Payments to Other Schools	4,202
Capital Projects	18,624
Fund Modifications (Transfers Out)	76,301
	31,179,233

Category Name	Amount
Cash & Current Assets	11,581,333
Current Payables	4,192,355
Fund Balance	7,388,977

Indicator Score

Assumptions

Components of Fund Equity

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Category Name	Amount
Year	2016
Data Status	Historic
Scenario	Baseline
Data Source	Manual
Indicator Score	0
Operating Revenues	31,365,446
Operating Expenses	31,179,233
Foundation Allowance	7,391
Enrollment	3,231
Fund Balance	7,388,977
Taxable Value	$1,200,281,485
MPSERS Rate

The assumption building the base for the 2015-16 budget are as follows:

Taxable Values +1%

Foundation Allowance $7,138 per pupil with $50 Best Practice and $60 MPSERS 147a offset per pupil funding.

Enrollment based on 12/2013 projections by StanFred Consulting (3,164)

Staffing and Compensation +2% increase, 5 retirees with 4 replaced, Retirement 25.78% with 8% UAAL revenue/expenditures under 147c/d, Medical Insurance +3% with Hard Caps.

Category Name	Amount
Committed Fund Balance	3,000,000
Assigned Fund Balance	1,223,403
Unassigned Fund Balance	3,165,574
	7,388,977

Reports Available for Marquette Area Public Schools fiscal year 2016

Revenues & Expenditures

Fiscal Indicator

Fiscal Indicator Score Card