Business Services Department

The purpose of the Business Services Department is to support the school district in meeting its educational goals by accurately accounting for all financial transactions of the school district and by providing timely and friendly service on all business matters.

• Financial Forum Presentation March 11, 2019
• Right-sizing for the 2018-19 school year

The school board and the Financial Planning Action Committee of St. Francis Area Schools are committed to maximizing dollars sent to the classroom while maintaining balanced budgets and sound financial practices.

The school district has been recognized for its sound financial practices by the Minnesota Department of Education (MDE), Moody’s Investors Services, and the auditors of Malloy Montague Karnowski , Radosevich & Co. (MMKR). The school district received its fifth MDE School Finance Award in February 2010 in recognition of outstanding accomplishments in financial management, including compliance with state statutes.

The school district has received seven audit reports with no audit findings. Per Ken Malloy, partner of the independent auditing MMKR, less than 20 percent of the clients of MMKR receive audit reports with no audit findings. That the school district has seven school years with no audit findings is due to the daily efforts of the Business Services Department and school and program administrative staff and their commitment to sound financial practices.

Finally, the Worner Study and the Metropolitan Educational Cooperative Service Unit reports offer comparisons of St. Francis Area Schools finances with surrounding school districts and other school districts of similar size. Per these reports, the school district is at the bottom of the charts for revenues per student and in the top percentages for dollars sent to the classroom.

Provided by School Finance in Minnesota from MASBO on Vimeo.

Reports

District Revenues and Expenditures Budget

Fiscal Year 2019 and  2020

Financial Statements and Supplemental Information

2018-19
2017-18
2016-17
2015-16

Presentations

• General Fund Financial Highlights presented to School Board February 24, 2020
• Management Report presented to School Board January 14, 2019
• Preliminary Budget 2018-19 presented to School Board June 25, 2018
• 2017-18 Adopted Budget
• Audit Report Year Ended June 30, 2017 presented to School Board January 22, 2018
• Financial Forum Presentation January 29, 2018

Note: Dates are for guidance purposes; actual dates may vary.