SLP School Board approves 2017-2018 budget

Staff Writer
Since 2013, I have primarily covered the Anoka-Hennepin and Spring Lake Park school districts as well as the city of Spring Lake Park for ABC Newspapers.

The Spring Lake Park School Board unanimously approved the district’s 2017-2018 budget last month.

Revenue is expected to be $81.2 million, and expenditures are estimated to total $132.8 million.

Though the numbers appear to show a large deficit, the budget is structurally balanced with ongoing costs matching ongoing expenditures, according to Business Director Amy Schultz.

The general fund shows a surplus of $57,841, but lots of factors will continue to be in flux between now and the start of school in September.

Revenue sits at $62.9 million, and expenditures come in closer to $62.85 million.

Food service, community service, OPEB debt service and trust and agency funds are essentially balanced.

The debt service fund shows revenue of $10.9 million with expenses closer to $27.9 million. A discrepancy has been par for the course in recent years with several bond refundings and the bond sale following a referendum in April 2016.

The construction fund shows expenditures of $35 million, primarily due to the new school currently being built on land adjacent to the National Sports Center in Blaine. The school is expected to open ahead of the 2018-2019 school year. Revenue in the construction fund is lower at $350,000, but bond dollars will begin to be spent down to finance the new school building and other projects, according to Schultz.

“Next year’s going to be a really busy year for construction,” she said.

Board members praised administration before voting to approve the budget.

“You and your department do such a good job of keeping track of all of it,” Board Member Amy Hennen said.

Board Member Jim Amundson was absent for the vote June 13.

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