Business Services

About the Financial Advisory Committee

Purpose: To advise administration and the school board on economic and school finance issues and to build community trust in school district finances. 

Members (20 members in total): 

• Facilitator, Director of Business Services (1)
• Controller (1)
• Internal Auditor (1)
• Teachers/other staff members (up to 3)
• Principal (up to 2)
• Community members (up to 12)

Tentative Meeting Schedule 

October 26, 2022 | 3:30-5:00 p.m.
November 16, 2022 | 3:30-5:00 p.m.
December 7, 2022 | 3:30-5:00 p.m.
January 25, 2023 | 3:30-5:00 p.m.
Dates/Times TBD - small group preparation for School Board presentation
February 22, 2023 | 3:30-5:00 p.m.
February 28, 2023 School Board Meeting Presentation | 6:30 p.m.
March 29, 2023 | 3:30-5:00 p.m.

Meetings will be held either in person at St. Louis Park High School or via zoom. Meeting agenda and documents shared with the Finance Advisory Committee will be shared on the district website following each meeting.

FY 2025 Finance Advisory Committee Meeting Schedule

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April 16, 2024 Meeting Documents

FY2025 Budget and Fiscal Recommendations

Sept. 20, 2023 Meeting Documents

Agenda | Attendance Sheet | FY2025 Budget Timeline | Fund Financial Pie Charts | FY2024 Enrollment Comparison | FY2024 Fund Balance | Education Funding

Oct. 25, 2023 Meeting Documents

Agenda | FY2025 Budget Timeline |Operating Financial Pie Charts | FY2024 Enrollment Projection| FY2024 Preliminary Pay Levy Analysis | FY2024 vs FY2023 Preliminary Revenue Comparison Report

Nov. 15, 2023 Meeting Documents

Agenda | FAC Object Expenditure Comparison | FIN Expenditure Comparison | Program Expenditure Comparison | Fund Org Expenditure Comparison 

Dec. 7, 2023 Meeting Documents

Enrollment Budget Update | FACFY2023-Draft | FY 2023 Year End Fund Balance Results

Jan. 24, 2024 Meeting Documents

Agenda | FY2025 Preliminary Enrollment Projections | Expenditure Comparison Chart | Expenditure Comparison Data Only

Feb. 21, 2024 Meeting Documents

Agenda | FY2023 Audited General Fund | FY2024 Budgeted General Fund  

March 29, 2023 Meeting Documents

Agenda

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Feb. 22, 2023 Meeting Documents

Agenda | Draft FAC FY 2023 Report To School Board | FAC School Board Presentation | Education Week article

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Jan. 25, 2023 Meeting Documents

Agenda | Legislative Update | Athletic Fee Comparisons | Budget Deficit Analysis | FY24 Enrollment Projections | High School Fees | Other District Meal Prices

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Dec. 7, 2022 Meeting Documents

Agenda

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Nov.16, 2022 Meeting Documents

Agenda | FAC Feedback | FAC Topic Feedback 

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Oct. 26, 2022 Meeting Documents

Agenda | FY budget timeline | FAC Meeting Schedule

 

October 27, 2021 Meeting Documents

Agenda | 2020-2025 Strategic Plan Flyer | Courageous Conversations Overview | Preliminary FY 2021 Ending Fund Balance | FY 2022 Budgeted Revenue | Financing Education in Minnesota 2020-21

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November 17, 2021 Meeting Documents

Agenda | FY 2022 Enrollment Report | Enrollment Projections

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December 15, 2021 Meeting Documents

Agenda | Enrollment Projections | FY 2021 Running Fund Balance Tie-Out | FY 2022 Running Fund Balance Tie-Out | HS Student Activity Fees | Neighboring Districts Athletic Fee Comparisons

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January 19, 2022 Meeting Documents

Agenda | FY 2023 Budget Timeline | Fees, Enrollment & Fund Balance Notes | FAC Enrollment Projections | FY 2022 Running Fund Balance Tie-Out | FY 2023 Budget Assumptions | Final FAC FY 2021 Report to School Board

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February 16, 2022 Meeting Documents

Agenda | FY 2023 Budget Timeline | DRAFT FAC FY 2022 Report to School Board | 2021 FAC School Board Presentation | Salary and FTE Data by Bargaining Unit

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March 23, 2022 Meeting Documents

Agenda | Strategic Plan Flyer | Meeting Notes

Final FY2021 Report to the School Board

FAC FY2021 School Board Presentation

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October 21, 2020 Meeting Documents

Agenda | FAC Member Survey Results | Budget Timeline | Meeting Notes

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November Finance 101 Training

Finance 101 Materials 

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November 18, 2020 Meeting Documents

Agenda | DRAFT Enrollment Projection Reports | DRAFT FY 2022 Budget Assumptions | Nov. 18 FAC Meeting Notes | Nov. 18 FAC Enrollment Projections Feedback | Oct. 26 Enrollment Update | Budget Presentation to School Board

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December 7, 2020 - FAC Racial Equity Training

Protocol Slides 

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December 9, 2020 Meeting Documents

Agenda | Protocol Slides from FAC Racial Equity Training | FY 2020 DRAFT Budget Assumptions | DRAFT Enrollment Projection Reports | Meal Prices for FY 2022 | Athletic and Parking Fees for FY 2022 | General Education Funding Formula | AMSD Article | 2021 MSBA Legislative Platform | Fund Balance Document | Meeting Notes

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January 20, 2021 Meeting Documents

Agenda | MN Revenue and Economic Update | Enrollment and WADM Projections | FY 2022 Budget Assumptions | Thought Partner Feedback | Budget Timeline 

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February 10, 2021 Meeting Documents

Agenda | February 8 School Board Presentation | 2021-22 Budget Recommendations & Fiscal Recommendations | Big Ideas for School Board Report | Governor's FY 2022-23 Budget Recommendations

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March 24, 2021 Meeting Documents

Agenda