At its June 21 meeting, the Burnsville-Eagan-Savage School District 191 Board of Education approved a budget including $128.8 million in general fund spending for the 2018-19 school year. With revenue expected to be $127.1 million, the district will use about $1.6 million from its reserves to cover expenses.
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At its May 24 meeting, the Burnsville-Eagan-Savage School District 191 Board of Education heard a plan to reinstate a gifted program position at Harriet Bishop Elementary, as well as middle school wrestling and tennis programs as part of the proposed budget for 2018-19.
The two items had been marked for elimination, with middle school sports combining with high school programs, in an original proposal presented earlier this spring. The proposal to create combined middle and high school (grades 7-12) cross country and dance programs is still in place.
For the 29th consecutive year, Burnsville-Eagan-Savage School District 191 has received an award for financial reporting from the Association of School Business Officials (ASBO) International. The Certificate of Excellence in Financial Reporting (COE) Award is considered to be the gold standard and the highest recognition for school district financial operations.
“This award represents a significant achievement and reflects your commitment to fiscal integrity and high quality financial reporting,” wrote John Musso, executive director of ASBO.
Looking ahead ...
The annual operating levy will decline by about 2.4% in Burnsville-Eagan-Savage School District 191 next year primarily because debt has been refinanced to lower interest rates.
The District 191 Board of Education has taken advantage of lower interest rates to refinance eligible bonds recently. This is similar to when homeowners refinance their mortgages to lower interest rates thus lowering their payments.
For the third time in a year, the Burnsville-Eagan-Savage School District 191 Board of Education has refinanced some debt to save taxpayers through reduced debt payments. This refinancing will save approximately about $2.4 million over the life of the bonds.
Altogether, refinancing this year will save taxpayers a grand total of $4 million in future debt payments.
At its meeting on June 23, the Burnsville-Eagan-Savage School District 191 Board of Education approved a budget that aims to provide stability during the 2016-17 school year as the district implements Vision One91-related changes.
Members of the Burnsville-Eagan-Savage School District 191 Board of Education are developing a General Fund budget for the 2016-17 school year which must be finalized by June 30. They’ve indicated they’ll use the budget reserve again to avoid reductions for next year as Vision One91 is implemented.
Vision One91 is the work to redesign the district to meet the needs of today’s learners. It involves grade realignment, expanded technology and new opportunities for students.
This letter was sent by email to parents of all students in District 191 on April 29, 2015.
This is the time of year when our Board of Education develops a new budget, so here’s an update on this process for the 2015-16 school year.
The Burnsville-Eagan-Savage School District 191 Board of Education approved a preliminary annual operating levy recently that will locally raise about $34.9 million for the 2015-16 school year. This is about 20 percent of the district's total revenue. School districts receive most of their revenue from the State of Minnesota.