General Accounting
Overview
The General Accounting Department provides oversight to ensure the accurate, transparent, and compliant management of District funds. The department is responsible for recording and reporting financial transactions, preparing financial statements, and maintaining internal controls to safeguard District assets.
Budget Summary
Division: Finance Division
Sub-Division: Finance Division
Total Budget Allocation: $1,606,859
Salary/Non-Salary
|
Amount |
Percentage |
| Salary |
$1,143,197 |
71.14% |
| Non-Salary |
$463,662 |
28.86% |
| Total |
$1,606,859 |
100.00% |
Funding Sources
| Name |
Budgeted Amount |
| Achievement & Integration |
$21,443 |
| Building Bond Fund |
$257,395 |
| Department Budget (General Fund) |
$1,316,037 |
| Tech Levy (1097) |
$11,984 |
| Total |
$1,606,859 |
Budget Category Amounts
|
Amount |
| Capital |
$257,395 |
| Central Operations |
$1,349,464 |
| Other |
$0 |
| School Support |
$0 |
| Student Support |
$0 |
| Total |
$1,606,859 |
Positions
Position Summary
| Position Count |
FTE Amount |
Salary Amount |
Fringe/Benefits Amount |
Total Salary Budget |
| 8 |
8.00 |
$830,209 |
$312,988 |
$1,143,197 |
Positions
| Name |
FTE |
| Accountant |
4.00 |
| Accountant, Senior |
2.00 |
| Financial Analyst, Senior |
1.00 |
| Manager, Accounting & Finance |
1.00 |
| Total |
8.00 |
Non-Salary Expenses
| Name |
Funding Type |
Amount |
Explanation |
| Contracted Services |
Department Budget (General Fund) |
$123,424 |
Investment Fees |
| Contracted Services |
Department Budget (General Fund) |
$196,339 |
Fees and services associated with annual audit |
| Contracted Services |
Department Budget (General Fund) |
$16,808 |
Brinks money pick-up services |
| Contracted Services |
Department Budget (General Fund) |
$52,000 |
Fees associated with Hennepin County Truth-In-Taxation |
| Admin Supplies |
Department Budget (General Fund) |
$7,107 |
SafeGuard - Banking Supplies (checkbooks, endorsement stamps, deposit bags, etc) |
| Conf. Registration/Travel |
Department Budget (General Fund) |
$8,000 |
MASBO Annual Conference and other Accounting Trainings |
| Non Instruc Software |
Department Budget (General Fund) |
$14,000 |
Excel4Apps Licenses |
| Non Instruc Software |
Tech Levy (1097) |
$11,984 |
Debtbook Lease Management and SBITA Management Subscription |
| Bank Fees |
Department Budget (General Fund) |
$34,000 |
Monthly Bank Analysis Charge |
| Total |
$463,662 |
|
