Marquette Area Public Schools 2017 - Financial Overview | Munetrix

United States Michigan UPR Marquette-Alger RESA Marquette Area Public Schools 2017

Citizens' Guide Items

Revenues

Expenditures

Balance Sheet

Category Name	Amount
Local Sources	10,128,654
State Sources	18,598,574
Federal Sources	606,615
Incoming Transfers and Other Transactions	2,300,951
Fund Modification	9,999
	31,644,792

Category Name	Amount
Instruction - Basic Programs	14,065,557
Instruction - Added Needs, Adult/Continuing Education	5,287,002
Pupil Services	2,611,278
Instruction Staff	585,137
General Administration	413,694
School Administration	1,941,724
Business, Interest & Abatements	572,336
Operations & Maintenance	3,097,697
Transportation	1,287,052
Central Support Services	839,344
Athletics & Other Support Services	597,915
Community Services	221,368
Payments to Other Schools	27,468
Capital Projects	1,042,462
Fund Modifications (Transfers Out)	20,939
	32,610,973

Category Name	Amount
Cash & Current Assets	10,154,943
Current Payables	3,732,147
Fund Balance	6,422,796

Indicator Score

Assumptions

Components of Fund Equity

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Category Name	Amount
Year	2017
Data Status	Historic
Scenario	Baseline
Data Source	Manual
Indicator Score	1
Operating Revenues	31,644,792
Operating Expenses	32,610,973
Foundation Allowance	7,511
Enrollment	3,183
Fund Balance	6,422,796
Taxable Value	$1,198,956,194
MPSERS Rate

PRESENTED JUNE 2014

The assumptions that are the base of the 2016-17 budget include the following:

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 (3,157)

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

Category Name	Amount
Non Spendable Fund Balance	83,821
Committed Fund Balance	3,000,000
Assigned Fund Balance	1,155,860
Unassigned Fund Balance	2,183,115
	6,422,796

Reports Available for Marquette Area Public Schools fiscal year 2017

Revenues & Expenditures

Fiscal Indicator

Fiscal Indicator Score Card