©2014 CliftonLarsonAllen LLP

©2014 CliftonLarsonAllen LLP

ISD No. 88 New Ulm
June 30, 2018

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 ©2014 CliftonLarsonAllen LLP
INDEPENDENT SCHOOL DISTRICT #88
COMBINING STATEMENT OF REVENUES, EXPENDITURES,
AND CHANGES IN FUND BALANCES
GENERAL FUND
YEAR ENDED JUNE 30, 2018

Nonspendable, Capital Related Restrictions

Committed & Non-Capital Operating Health & Long-Term General
Unassigned Restrictions Capital Safety Facilities Maint. Total Fund Total

Revenues $ 23,088,468 $ 1,860,896 $ 637,836 $ 47,002 $ 654,644 $ 1,339,482 $ 26,288,846

Expenditures and
Operating Transfers 22,328,004 1,840,078 764,094 - 850,181 1,614,275 25,782,357

Excess (Deficit) Revenues 760,464 20,818 (126,258) 47,002 (195,537) (274,793) 506,489
Over Expenditures

Fund Balance June 30, 2017 6,255,447 54,286 827,851 (40,525) 246,095 $ 1,033,421 7,343,154

Fund Balance June 30, 2018 $ 7,015,911 $ 75,104 $ 701,593 $ 6,477 $ 50,558 $ 758,628 $ 7,849,643

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ISD No. 88 New Ulm

©2014 CliftonLarsonAllen LLP

General Fund
Unassigned Fund Balance

7,000,000
5,497,485 5,732,308
6,000,000
4,161,907 5,151,689
5,000,000
4,000,000
2,467,228
3,000,000
2,000,000
1,000,000
0
2014 2015 2016 2017 2018

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ISD No. 88 New Ulm

©2014 CliftonLarsonAllen LLP

General Fund
Restricted Balance (Excluding Capital Related)

140,000
120,081
120,000
100,000 78,396 75,104
80,000 53,467 54,287
60,000
40,000
20,000
0
2014 2015 2016 2017 2018

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ISD No. 88 New Ulm

©2014 CliftonLarsonAllen LLP

General Fund
Operating Capital Fund Balance

827,852
850,000 701,593
669,862
650,000
454,746
450,000 327,886
250,000
50,000
-150,000
2014 2015 2016 2017 2018

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ISD No. 88 New Ulm

©2014 CliftonLarsonAllen LLP

General Fund
Health and Safety Fund Balance

150,000

100,000

50,000 20,028 6,477

0

(50,000) (40,525)
(65,335) (52,099)
(100,000)
2014 2015 2016 2017 2018

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ISD No. 88 New Ulm

©2014 CliftonLarsonAllen LLP

General Fund
Deferred Maintenance Fund Balance

500,000
345,007 412,213 393,891
400,000
300,000
200,000
100,000
0 0
0
2014 2015 2016 2017 2018

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ISD No. 88 New Ulm

©2014 CliftonLarsonAllen LLP

General Fund
Long-Term Facilities Maintenance Fund Balance

246,095
250,000
200,000
150,000
100,000
50,558
50,000
0 0 0
0
2014 2015 2016 2017 2018

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Food Service Fund Balance

354,770 406,625
350,000
297,598
300,000
250,000 210,527
200,000
150,000 146,277
100,000
50,000
0
2014 2015 2016 2017 2018

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Community Service Fund Balance

550,000 485,128 470,870 441,150

450,000
360,665
350,000
250,000 176,234
150,000
50,000
(50,000)
2014 2015 2016 2017 2018

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Capital Project Fund Balance

50,000,000 42,636,123
45,000,000
40,000,000
35,000,000
30,000,000
25,000,000
20,000,000 13,733,709
15,000,000
10,000,000
5,000,000 244,918 0
0
2014
0 2015 2016 2017 2018

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Debt Service Fund Balance

700,000 628,196
600,000 527,921 529,459
488,455
500,000 443,902
400,000
300,000
200,000
100,000
0
2014 2015 2016 2017 2018

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ISD No. 88 New Ulm

©2014 CliftonLarsonAllen LLP

General Fund Revenue
Year Ended June 30, 2018

2.11% 3.23% 19.50%

75.16%

Local Property Taxes State Sources Federal Sources Other

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
ADM’S

3,000
2,500 1,973 2,020 2,066 2,144 2,140
2,000
1,500
1,000
500
-
2014 2015 2016 2017 2018

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
District & School Administration & Support

919 965 932 991

1,000
770 767 803
800
600
400
200
0
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Regular Instruction

4,952 5,211
5,250 4,726 4,847 4,743
4,585 4,497
4,500
3,750
3,000
2,250
1,500
750
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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ISD No. 88 New Ulm
Special Education Instruction

2,389
2,400 2,305
2,300 2,241 2,224
2,200
2,079 2,116
2,100 2,042
2,000
1,900
1,800
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Operations, Maintenance & Other

1,500
1,250
870 902 905
1,000 829 819 830
691
750
500
250
0
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Instructional Support Services

660
700 594
600 535 531
421 430 468
500
400
300
200
100
0
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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ISD No. 88 New Ulm
Pupil Support Services

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ISD No. 88 New Ulm
Transportation

885
900 814 792 820 701
783
750 631
600
450
300
150
0
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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ISD No. 88 New Ulm
Capital Expenditures (includes Health and Safety)

1000 842
773
800
604 627
600 455 433
460
400

200

0
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Food Service

549
600 539
500 414 430 444
388 365
400
300
200
100
0
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Community Service

584 631 558 611

600
500 435
370 399
400
300
200
100
0
2014 2015 2016 2017 2018 2017 2017

ISD NO. 88 2000-3999 State Avg.

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 ©2014 CliftonLarsonAllen LLP
ISD No. 88 New Ulm
Debt Service

1,800
1,600 1,382 1,312 1,359
1,289 1,317
1,400
1,200
1,000
752 701
800
600
400
200
0
2014 2015 2016 2017 2018 2017 2017
ISD NO. 88 2000-3999 State Avg.

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