St' Louis Park Schools

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St. Louis Park Schools

• Budget Update
• March 10, 2008

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Budget 2008-2009

• Projected Fund Balance Deficit (833,221)
• School Board Tentative Fund Balance Target
  500,000
• Needed Reductions for 2008-2009 1,333,221

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Fiscal year 2009 Budget Assumptions

• 250,000 of additional General Education Revenue
  of 1 increase with stable enrollment from the
  current year
• 1,200,000 of additional salaries/benefits for
  expected increases in salaries and benefits

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Elementary Building Equalization

• Total needed for elementary 299,360
• Equalization Reductions 120,863
• Remaining Budgets needed 178,497
• Per Building 35,699

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