Division of School Finance 400 NE Stinson Blvd. Minneapolis, MN 55413 General Information: Minnesota Statutes 2021, section 1238.10, requires that every school board shall publish the subject data of this report. District Name: Windom Area Schools m DEPARTMENT OF EDUCATION Fund General Fund/Restricted General Fund/Other Food Service Fund Community Service Fund Building Construction Fund Debt Service Fund Trust Fund Internal Service Fund OPEB Revocable Trust Fund OPEB Irrevocable Trust Fund OPEB Debt Service Fund Total - All Funds Outstanding July 1, 2022 Plus: New Issues FY 2023 Beginning Fund Balances $ $ S Less: Redemeed Issues Outstanding June 30, 2023 $ $ $ $ $ $ $ Long-Term Debt $ $ $ $ $ Short-Term Debt 2,594,983 $ 3,107,336 $ 299,549 $ 130,607 $ 648,201 $ 457,636 $ 18,227 $ *Other Post-Employment Benefits (OPEB) $ 7,256,539 $ 28,094,143 164,475 $ $ 1,417,915 26,840,703 FY 2023 Actual Revenues and Transfers In 2,584,656 $ 15,922,245 $ 1,003,130 $ 430,602 S 11,301 $ 2,350,827 $ 2,058 $ Certificates of Indebtedness NONE Other Short-Term Indebtedness NONE The complete budget may be inspected upon request to the superintendent. Comments: FY 2023 Actual Expenditures and Transfers Out -$ District Revenues and Expenditures Budget for Fiscal Year (FY) 2023 and FY 2024 $ $ 22,304,818 $ 2,448,023 $ 15,916,824 $ 1,063,146 $ 378,464 $ 509,510 $ 2,313,238 $ 9,500 $ $ $ $ -$ $ $ $ $ $ $ 22,638,706 $ 6,922,652 $ 22,838,403 $ Current Statutory Operating Debt per Minnesota Statutes, section 1238.81 June 30, 2023 Actual Fund Balances - 2,731,616 $ 3,112,756 $ 239,533 $ 182,745 $ 149,992 $ 495,225 $ 10,785 $ FY 2024 Budget Revenues and Transfers In . District Number: FY 2024 Budget Expenditures and Transfers Out 3,143,804 $ 15,817,511 $ 1,092,118 $ 440,912 $ 1,949 $ 2,331,809 S 10,301 $ Amount of General Fund Deficit, if any, in excess of 2.5% of expenditures 06/30/2023 Cost per student - Average Daily Membership (ADM) 06/30/2023 $ Total Operating Expenditures FY 2023 Total ADM Served + Tuitioned Out ADM + Adjusted Extended ADM FY 2023 Operating Cost per ADM $ 0177 3,025,771 $ 15,461,426 $ 1,134,408 $ 429,289 $ 151,941 S 2,310,663 S 9,000 $ $ $ $ $ 22,522,498 $ $0 ED-00110-46 June 30, 2024 Projected Fund Balances 2,849,649 3,468,840 197,243 194,367 (0) 516,371 12,086 7,238,557 19,192,742.00 1,209.35 15,870.30 Division of School Finance 400 NE Stinson Blvd. Minneapolis , MN 55413 General Information : Minnesota Statutes 2021 , section 1238.10 , requires that every school board shall publish the subject data of this report . District Name : Windom Area Schools m DEPARTMENT OF EDUCATION Fund General Fund / Restricted General Fund / Other Food Service Fund Community Service Fund Building Construction Fund Debt Service Fund Trust Fund Internal Service Fund OPEB Revocable Trust Fund OPEB Irrevocable Trust Fund OPEB Debt Service Fund Total - All Funds Outstanding July 1 , 2022 Plus : New Issues FY 2023 Beginning Fund Balances $ $ S Less : Redemeed Issues Outstanding June 30 , 2023 $ $ $ $ $ $ $ Long - Term Debt $ $ $ $ $ Short - Term Debt 2,594,983 $ 3,107,336 $ 299,549 $ 130,607 $ 648,201 $ 457,636 $ 18,227 $ * Other Post - Employment Benefits ( OPEB ) $ 7,256,539 $ 28,094,143 164,475 $ $ 1,417,915 26,840,703 FY 2023 Actual Revenues and Transfers In 2,584,656 $ 15,922,245 $ 1,003,130 $ 430,602 S 11,301 $ 2,350,827 $ 2,058 $ Certificates of Indebtedness NONE Other Short - Term Indebtedness NONE The complete budget may be inspected upon request to the superintendent . Comments : FY 2023 Actual Expenditures and Transfers Out - $ District Revenues and Expenditures Budget for Fiscal Year ( FY ) 2023 and FY 2024 $ $ 22,304,818 $ 2,448,023 $ 15,916,824 $ 1,063,146 $ 378,464 $ 509,510 $ 2,313,238 $ 9,500 $ $ $ $ - $ $ $ $ $ $ $ 22,638,706 $ 6,922,652 $ 22,838,403 $ Current Statutory Operating Debt per Minnesota Statutes , section 1238.81 June 30 , 2023 Actual Fund Balances - 2,731,616 $ 3,112,756 $ 239,533 $ 182,745 $ 149,992 $ 495,225 $ 10,785 $ FY 2024 Budget Revenues and Transfers In . District Number : FY 2024 Budget Expenditures and Transfers Out 3,143,804 $ 15,817,511 $ 1,092,118 $ 440,912 $ 1,949 $ 2,331,809 S 10,301 $ Amount of General Fund Deficit , if any , in excess of 2.5 % of expenditures 06/30/2023 Cost per student - Average Daily Membership ( ADM ) 06/30/2023 $ Total Operating Expenditures FY 2023 Total ADM Served + Tuitioned Out ADM + Adjusted Extended ADM FY 2023 Operating Cost per ADM $ 0177 3,025,771 $ 15,461,426 $ 1,134,408 $ 429,289 $ 151,941 S 2,310,663 S 9,000 $ $ $ $ $ 22,522,498 $ $ 0 ED - 00110-46 June 30 , 2024 Projected Fund Balances 2,849,649 3,468,840 197,243 194,367 ( 0 ) 516,371 12,086 7,238,557 19,192,742.00 1,209.35 15,870.30