Proposed Budget Balance Sheet Summary
Minnesota school districts are required to have an annual board-approved balanced budget. While most independent school districts must take this action prior to June 30 of each year, MPS has a deadline of June 15. The table shows the proposed budget balance sheet summary.
2026-2027 Proposed Balance Sheet
| Fund | Revenue | Expenditures | Transfers | Fund Balance Use |
|---|---|---|---|---|
| General (01) | $737,250,678 | $734,664,138 | -$2,586,540 | $0 |
| Food Service (02) | $24,535,441 | $24,535,441 | $0 | $0 |
| Community Service (04) | $40,245,093 | $42,389,002 | $1,113,399 | -$1,030,510 |
| Sub-Total (Operating Funds) | $802,031,212 | $801,588,581 | -$1,473,141 | -$1,030,510 |
| Building Construction (06) | $90,336,000 | $148,277,954 | $0 | -$57,941,954 |
| Debt Service (07) | $102,482,078 | $102,482,078 | $0 | $0 |
| Internal Service (20) | $62,975,850 | $65,367,212 | $1,473,141 | -$918,221 |
| All Funds Total (Operating, Non-Operating, and Proprietary) | $1,057,825,140 | $1,117,715,825 | $0 | -$59,890,685 |
Notes
Bond proceeds are received when debt is issued and over time, the fund may accumulate additional resources as interest is earned on bond proceeds and as projects are completed under budget. Projects may take multiple years to complete so resources may not be spent in the year they are received. The fund balance in the capital projects fund should be used for authorized projects that align with the intent of the bonds issued. Remaining funds may also be used to pay off the debt that is incurred for the project. Spending of these funds is regulated and cannot be used for general operating expenses.
The internal service fund is used to account for the activities related to the District’s insurance and compensated absences. The fund is used to segregate the District and employee’s premiums paid (revenue) and to account for the expenses paid related to the insurance operations such as health, dental, worker’s compensation and general property insurances. The fund is also used to track compensated absences and assets set aside to pay for those benefits. Internal service funds are utilized to track specific operations to ensure charges to the District cover the costs in an efficient manner.
