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Financial Profile Reports
Presented by
Jenny Charles
Education Finance Specialist
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Financial Profile Reports
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What are Financial Profile Reports?
Reports that identify Minnesota schools final audited financial data for specific fiscal years (currently, FY 2011 through 2016). Calculations are based upon UFARS program dimensions and include the following reports:
• Total Expenditures• Total Revenues• Expenditure Percentages• Revenue Percentages• Expenditure Per Average Daily Membership (ADM) Served Plus
Tuitioned Out• Revenue Per Average Daily Membership (ADM) Served Plus
Tuitioned Out• Summary Statistics for Independent and Special School Districts• Pupil, Staff and Other District Data
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Where can these reports be found?
MDE > Data Center, then select “Data Reports and Analytics”
Financial Profile Reports
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Financial Profile ReportsMDE > Data Center > Data Report and Analytics, locate the
School Finance Reports section and select
“Financial Profile Reports 2011 – Present”
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Years
2011 - 2016
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Financial Profiles - Definitions
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Financial Profile 1 ReportMDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
select “Total Expenditures”
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Years
2011 - 2016
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Financial Profile 1 ReportMDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
“Total Expenditures”
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Financial Profile 1 ReportMDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
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Profile Dimension
General Fund PK-12 Section
Total Expenditures Percent of Total
Expenditures
District Level Administration
School Level Administration
Regular Instruction
Career and Technical Instruction
Special Education
Student Activities and Athletics
Instructional Support Services
Pupil Support Services
Operation Maintenance and Other
Student Transportation
Equipment
Land and Buildings
Grand Total $ 10,303,383,255 100%
Financial Profile 1 ReportFY 2016 Financial Profiles by Program Dimension Calculations
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Profile Dimension
General Fund PK-12 Section
Total Expenditures Percent of Total
Expenditures
District Level Administration $ 476,406,126 4.62%
School Level Administration $ 399,313,993 3.88%
Regular Instruction $ 4,415,747,562 42.86%
Career and Technical Instruction $ 128,516.482 1.25%
Special Education $ 1,878,154,586 18.23%
Student Activities and Athletics $ 262,166,126 2.54%
Instructional Support Services $ 522,592,720 5.07%
Pupil Support Services $ 295,551,100 2.87%
Operation Maintenance and Other $ 757,140,608 7.35%
Student Transportation $ 584,247,037 5.67%
Equipment $ 403,027,898 3.91%
Land and Buildings $ 180,519,017 1.75%
Grand Total $ 10,303,383,255 100%
Financial Profile 1 ReportFY 2016 Financial Profiles by Program Dimension Calculations
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Financial Profile 2 Report
MDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
“Total Revenues”
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Financial Profile 2 Report
MDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
“Total Revenues”
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Financial Profile 2 ReportMDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
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Profile Dimension Percent of Total
General Fund PK-12 Section Total Revenues Revenues
Property Taxes
Property Tax Shift Recognition
Other
Total Local Sources
General Education Aid
Special Education Aid
All Other State Aid
Property Tax Shift Recognition-State Aid Adj.
Total State Sources
Federal Sources
Fund 01 Total Revenue $10,381,825,071 100.00%
Financial Profile 2 Report
FY 2016 Financial Profiles by Source Dimension Calculations
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Profile Dimension Percent of Total
General Fund PK-12 Section Total Revenues Revenues
Property Taxes $1,441,711,183 13.89%
Property Tax Shift Recognition $123,159 0.00%
Other $428,884,997 4.13%
Total Local Sources $1,870,719,339 18.02%
General Education Aid $6,705,164,764 64.59%
Special Education Aid $1,038,068,362 10.00%
All Other State Aid $387,125,139 3.73%
Property Tax Shift Recognition-State Aid Adj. $-123,159 0.00%
Total State Sources $8,130,235,107 78.31%
Federal Sources $380,870,626 3.67%
Fund 01 Total Revenue $10,381,825,071 100.00%
Financial Profile 2 Report
FY 2016 Financial Profiles by Source Dimension Calculations
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Financial Profile 5 Report
MDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
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Financial Profile 8 Report
MDE > Data Center > Data Reports and Analytics >
Financial Profile Reports 2011 – Present (2011 – 2016)
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Consolidated Financial Report
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• Report breaks out data for two year period
• Provides totals for all sections of revenue
• Provides totals for all sections of expenditure
• Provides totals for all funds
• Shows beginning and ending fund balances along with the net
change in funds.
Consolidated Financial Report
MDE > Data Center > Data Reports and Analytics >
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Consolidated Financial Report - Definitions
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• Report provides Site Expenditure totals Per District
• Report provides District-Wide Allocated Per ADM Served
• Report also provides the Dollars Per ADM Served
• Report provide what percent of the total is for each Program
Category
Expenditures – District/Site Level Report
MDE > Data Center > Data Reports and Analytics >
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Expenditures – District/Site Level Report
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Financial Profile Reports
• Jenny Charles at 651-582-8586 or
• Mary Weigel at 651-582-8770 or
Contacts
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