REPORT FORMAT
The CAFR is presented in three sections:
•
Introductory Section – The introductory section contains the table of contents, this transmittal
letter, an organizational chart, a list of School Board members and the Superintendent’s cabinet
members, a map of the District, and a copy of the Association of School Business Officials
(ASBO) International Certificate of Excellence in Financial Reporting for the District’s
2007–
2008 CAFR.
•
Financial Section – The financial section begins with the independent auditor’s report. This
section includes the MD&A; basic financial statements; required supplementary information; and
combining, individual fund, and capital assets statements and schedules.
•
Statistical Section – The statistical section, which is not audited, includes selected financial,
demographic, and economic data, generally presented on a multi-year comparative basis.
REPORTING ENTITY AND ITS SERVICES
The financial reporting entity includes all the funds of the primary government (the District). Component
units are legally separate entities for which the District (primary government) is financially accountable.
There are no organizations considered to be component units of the District.
The District provides a full range of public education services appropriate to grade levels ranging from
pre-kindergarten through Grade 12. These include regular and enriched academic education, special
education for exceptional children and career/vocational education. Food service and transportation are
provided as supporting programs. The District’s community education program includes early childhood
family education and adult basic education programs, and a myriad of classes for lifelong learning
experiences for children and adults.
The District was incorporated in 1950 and serves a portion of nine suburban communities within Dakota
County located on the southeastern edge of the Minneapolis/St. Paul metropolitan area. The District
enrolled 27,683 students (or average daily membership totaling 27,333.40) in 2008–2009 from a
population of 150,298 people residing in a 108.6 square mile area. In terms of the number of students, the
District is Minnesota’s fourth largest school district. The District encompasses all or part of the
communities of Apple Valley, Burnsville, Coates, Eagan, Empire Township, Inver Grove Heights,
Lakeville, Rosemount, and Vermillion Township.
During the 2008–2009 school year, the District operated 33 school buildings: 4 comprehensive
(Grades 9–12) high schools, 1 optional (Grades 11–12) high school, 6 middle schools (Grades 6–8),
18 elementary schools (kindergarten through Grade 5), 1 area learning center, 1 school (kindergarten
through Grade 12) for students with special needs, 1 early childhood learning center for early childhood
family education and early childhood special education students, and 1 learning center dedicated to adult
basic education students.
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LOCAL ECONOMIC CONDITION AND OUTLOOK
With the exception of voter-approved excess operating referendum and bond referendum, the District is
dependent on the state of Minnesota for its revenue authority. The recent economic downturn has
negatively impacted the state’s ability to adequately fund education. Since the 2009 Legislature was not
able to approve and adopt an education funding plan, the governor exercised his executive power to
increase the property tax shift percentage and adjusted the schedule for state aid payments to school
districts. The general education revenue per pupil funding for the next two school years remains at
$5,124, the same as the 2008–2009 school year. Beginning with the 2009–2010 school year, school
districts will only received 73 percent of their estimated state aid entitlements in the current school year,
with the remaining 27 percent paid the following school year. This delay in state aid payments will
significantly impact school districts’ cash position. It will likely result in many short-term borrowing by
school districts.
Unlike many other school districts, the District has been able to manage its finances and avoid short-term
borrowing with the passage of the 10-year excess operating levy in November 2005. The administration
has been working to develop and implement a process to engage staff and community members in a
discussion of budget adjustment decisions and to consider other options for increasing revenues, which
will be needed as a result of diminishing state funding for education.
DISTRICT’S MISSION STATEMENT
On February 27, 1995, the District’s School Board adopted the following mission statement and beliefs
for the District:
Mission:
Educating our students to reach their full potential.
Beliefs:
Set and maintain high academic standards;
Meet the needs of all learners;
Prepare students to be contributing members of a diverse society;
Promote lifelong learning;
Provide a safe, respectful, positive learning environment;
Work in partnership with families and the community, and
Manage our resources.
STUDENT ASSESSMENT AND TESTING
The District uses a variety of state and national tests to measure student achievement, determine student
ability, and evaluate curriculum.
MCA-II/Graduation-Required Assessments for Diploma (GRAD)
The Minnesota Comprehensive Assessments, Series II (MCA-IIs) are given annually to students in
Grades 3–8 (reading and math), Grades 10 (reading), and Grade 11 (math). The MCA-IIs are designed to
measure district and school progress on teaching and learning the Minnesota Academic Standards.
Student performance on the MCA-IIs is measured by a scaled score that is placed into one of four
achievement levels. Students who meet or exceed the standards are considered to be proficient in the
subject area.
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During the 2008–2009 school year, more than 85 percent of the District’s 10th grade students passed the
reading test on their first attempt compared to 74 percent state-wide, and nearly 92 percent of the
District’s 9th grade students passed the written composition test on their first attempt compared to
89 percent state-wide.
Measures of Academic Progress (MAP)
Measures of Academic Progress (MAP) assessments are designed to measure individual student progress
during the school year.
In the fall of 2008, MAP assessments in reading and math were administered to students in Grades 2–8.
These same students took the assessments again in the spring of 2009. The results of the fall 2008 and
spring 2009 MAP assessments show that students in Grades 2–6 and 8 achieved growth targets in math
and reading compared to the previous school year.
American College Test (ACT)
In 2008–2009, the District’s high school seniors scored well above state and national average composite
scores on the American College Test (ACT) entrance exam.
The ACT average composite score for the District’s class of 2009 was 23.9, up 0.1 from the previous
year. The District’s average was 1.2 points higher than the state average of 22.7, which was also up 0.1
from the previous school year. The Minnesota average was highest in the nation among states where
more than half of all college-bound students took the test. The national average remained at 21.1. The
score range for the ACT is 1 to 36.
The District’s ACT average composite score is based on the results of 1,650 students who took the test,
which represents nearly 79 percent of the graduating class of 2009.
ACHIEVEMENTS AND AWARD
In 2008–2009, the District received the Energy Milestone Award from Schools for Energy Efficiency
(SEE) for exceeding $500,000 in energy savings during the first two years of the District’s participation
in the SEE program. The SEE program focuses on changing the behavior of students, teachers, and other
staff who can impact energy usage in our schools and buildings.
GRADUATION AND POST SECONDARY
The District has a 95 percent graduation rate and approximately 90 percent of district graduates plan to
continue their education after high school.
FINANCIAL AND BUDGETARY CONTROL
The management of the District is responsible for establishing and maintaining internal controls designed
to ensure that the assets of the District are protected from theft, misuse, or losses and to ensure that
adequate accounting data is compiled to allow for the preparation of financial statements in conformity
with accounting principles generally accepted in the United States of America and Minnesota Uniform
Financial Accounting and Reporting Standards.
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The internal control system is designed to provide reasonable, but not absolute, assurance that these
objectives are met. The concept of reasonable assurance recognizes that: 1) the cost of a control should
not exceed the benefits likely to be derived, and 2) the valuation of the costs and benefits requires
estimates and judgments by management.
In addition, the District has also adopted the following policies to ensure compliance with legal
provisions embodied in the annual appropriated budget approved by the School Board:
•
Fund Balance Policy – Requires the District to maintain an operating fund balance of 5 percent
of the expenditure budget.
•
Budget Policy – Establishes a guideline for allocation of district resources.
•
Personnel Staffing Guidelines – Personnel costs represent 84 percent of General Fund
expenditures. These guidelines, which set the staffing allocation for every allocated position in
the District, are updated each February by the administration and the School Board.
The District’s budget process is based, first, on development of a budget projection model that attempts to
predict resources and expenses over a multiple year period. The budget projection is used by the School
Board and the administration to determine budget parameters and staffing guidelines. Second, the budget
adopted in June is based upon the personnel staffing guidelines approved by the School Board and
preparation of the non-personnel budget by school and department administrators, in accordance with
School Board-approved budget parameters. The School Board resolution adopting the budget in June
also includes a provision directing the administration to update the budget in October. This final budget
reflects the District’s actual enrollment count on October 1, the actual staff hired and other dynamics such
as employee contract settlements.
The level of budgetary control is at the fund level. However, in the General Fund, the operating, special
education, pupil transportation, and capital expenditure accounts are treated as separate funds for
budgeting purposes. The District also maintains an encumbrance accounting system as one method of
maintaining budgetary control. Encumbered amounts lapse at year-end. However, outstanding
encumbrances generally are reappropriated as part of the following year’s budget.
As demonstrated by the statements and schedules included in the financial section of this report, the
District continues to meet its responsibility for sound financial management.
CASH MANAGEMENT
Temporary cash balances during the year are invested in various securities as permitted by state statutes.
The District has a formal written investment/cash management policy. Annually, the School Board
approves investment institutions used by the District to purchase investments. In accordance with state
law, all investment institutions must annually acknowledge in writing that they have received and will
abide by the District’s investment policy. The first priority of the District’s policy is to ensure the safety
of investments and the full collateralization of deposits in accordance with state statutes.
RISK MANAGEMENT
The District utilizes an insurance consultant to assist in the review and evaluation of its third-party
commercial property, liability, and workers’ compensation insurance coverage. The District carries
commercial insurance coverage for these risks.
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INDIRECT COST ALLOCATION
Administrative, instructional, warehousing, and maintenance service costs for the District are recorded in
the operating account of the General Fund. However, these services are provided to support not only the
curricular and cocurricular instructional activities, but also activities of the Food Service and Community
Service Special Revenue Funds. The District has a cost identification and allocation program to assure
that costs of these services are properly recognized in the benefiting funds. The District continues to
review the method of interfund allocation and, if necessary, appropriate changes will be made to comply
with the state’s requirements.
CERTIFICATE OF EXCELLENCE
This report will be submitted to the Association of School Business Officials (ASBO) International for
consideration for the Certificate of Excellence in Financial Reporting.
In 2008–2009, the District received the Certificate of Excellence in Financial Reporting from ASBO
International for excellence in the preparation and issuance of the District’s CAFR for 2008. It is the
seventh consecutive year the District has received the award, which was earned by fewer than 5 percent of
all school districts in the state.
The District expects to continue to earn the recognition that accompanies the standards of accuracy and
thoroughness of the Certificate of Excellence program.
FINANCIAL PROSPECTS FOR FUTURE YEARS
With the exception of voter-approved operating levy referendum, the District is dependent on the state of
Minnesota for its revenue authority. Recent developments in the economy and financial condition of the
state will likely affect the state’s ability to provide adequate funding for school districts. The District’s
successful operating levy referendum election held in November 2005 has given the District an additional
$430 per pupil since the 2006–2007 school year. This operating levy is a 10-year levy and the District is
committed to continue to monitor its spending and strive to maintain sustainable operations.
MAJOR INITIATIVES
Raise Student Achievement
One of the District’s goals for the upcoming school year is to raise the achievement of all students and
reduce the racial predictability of student achievement by improving the quality of the student day with
curriculum and instructional practices that are aligned and up-to-date, and assessments that guide
instruction. The District will be pursuing these goals by implementing recommendations of a K–12
Curriculum, Instruction, and Assessment Committee that were developed during the 2008–2009 school
year.
Review Middle School Programs
During 2008–2009, committees of staff and parents reviewed the effectiveness of the middle school
academic and cocurricular programs. The committees have been charged to develop recommendations
for possible changes that will be presented to the School Board for consideration during the 2009–2010
school year.
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Community Engagement on Budget Priorities
The administration plans to develop and implement a process to engage staff and community members in
discussion of budget adjustment decisions which will be needed as a result of diminished state funding for
education and consider options for increasing district revenues.
ACKNOWLEDGMENTS
Preparation of this CAFR requires a great deal of work by many people, and I acknowledge the efforts of
the entire Finance Department staff in providing complete and accurate data for this report.
Sincerely,
Stella Y. Johnson
Coordinator of Finance
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INDEPENDENT AUDITOR’S REPORT
To the School Board of
Independent School District No. 196
Rosemount, Minnesota
We have audited the accompanying financial statements of the governmental activities, each major fund,
and the aggregate remaining fund information of Independent School District No. 196 (the District) as of
and for the year ended June 30, 2009, which collectively comprise the District’s basic financial statements
as listed in the table of contents. These financial statements are the responsibility of the District’s
management. Our responsibility is to express opinions on these financial statements based on our audit.
The prior year partial comparative information presented has been derived from the District’s financial
statements for the year ended June 30, 2008, and in our report dated November 19, 2008, we expressed
unqualified opinions on the respective financial statements of the governmental activities, each major
fund, and the aggregate remaining fund information.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audit provides a reasonable basis for our opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
respective financial position of the governmental activities, each major fund, and the aggregate remaining
fund information of the District as of June 30, 2009, and the respective changes in financial position and
cash flows, where applicable, thereof and the budgetary comparison for the General Fund for the year
then ended, in conformity with accounting principles generally accepted in the United States of America.
The financial statements include prior year partial comparative information, which does not include all of
the information required in a presentation in conformity with accounting principles generally accepted in
the United States of America. Accordingly, such information should be read in conjunction with the
District’s financial statements for the year ended June 30, 2008, from which it was derived.
(continued)
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Independent School District No. 196
Rosemount, Minnesota
“Educating our students to reach their full potential”
Management’s Discussion and Analysis
Fiscal Year Ended June 30, 2009
This section of Independent School District No. 196’s (the District) annual financial report presents
management’s discussion and analysis of the District’s financial performance during the fiscal year ended
June 30, 2009. Please read it in conjunction with the transmittal letter at the front of this report and the
District’s financial statements, which immediately follow this section.
FINANCIAL HIGHLIGHTS
As of June 30, 2009, the District shows an increase in total net assets from current year activities of
$5.40 million. There are many factors that have contributed to the increase. One of the main factors for
the increase can be attributed to the relationship of capital assets, net of depreciation, and the outstanding
debt related to capital assets.
A few key financial highlights from the District’s basic financial statements for the 2008–2009 fiscal year
are listed below.
•
The assets of the District exceeded its liabilities at the close of the 2008–2009 fiscal year by
$153.32 million. Of this amount, $26.64 million (unrestricted net assets) may be used to meet the
District’s ongoing obligations.
•
The District’s total net assets increased by $5.40 million from current year activities. The
District’s investment in capital assets, net of related debt increased by $8.67 million, due in part
to the use of an available “alternate facilities levy” that allows the District to make significant
facility improvements without having to issue debt. Restricted net assets decreased by
$2.66 million, mainly due to the District spending down its net assets restricted for capital
acquisition by $3.60 million. The unrestricted portion of the District’s net assets decreased by
$0.61 million.
•
As of June 30, 2009, the District’s governmental funds reported combined ending fund balance of
$55.50 million, a net decrease of $6.10 million in comparison with the prior year. Approximately
65.60 percent of this total amount, $36.41 million, is unreserved – undesignated fund balance.
•
At the close of the 2008–2009 fiscal year, unreserved – undesignated fund balance for the
General Fund was $34.16 million or 10.69 percent of total General Fund expenditures.
•
The District’s long-term liabilities increased by $16.38 million or 9.49 percent during the current
fiscal year. The key factors in this change were: a net increase of outstanding bonds and capital
notes payable of $18.72 million, a decrease of $2.60 million in capital lease obligations, and an
increase of $257,324 in severance and vacation payable.
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OVERVIEW OF THE FINANCIAL STATEMENTS
The financial section of the annual report consists of the following:
•
Independent Auditor’s Report;
•
Management’s Discussion and Analysis (MD&A);
•
Basic financial statements, including the government-wide financial statements, fund financial
statements, and the notes to basic financial statements;
•
Required supplementary information; and
•
Supplemental information consisting of combining, individual fund, and capital assets statements
and schedules.
The basic financial statements include two kinds of statements that present different views of the District:
•
Government-Wide Financial Statements – The government-wide financial statements,
including the Statement of Net Assets and Statement of Activities, provide short-term and
long-term information about the District’s overall financial status.
•
Fund Financial Statements – The fund financial statements focus on individual parts of the
District, reporting the District’s operation in more detail than the government-wide statements.
The District maintains three groups of fund financial statements:
1. Governmental Funds Statements – Governmental funds statements review how basic
services such as regular and special education were financed in the short-term as well as
what remains for future spending.
2. Proprietary Funds Statements – Proprietary funds statements offer short-term and
long-term financial information about the activities the District operates like businesses.
3. Fiduciary Funds Statements – Fiduciary funds statements provide information about
the financial relationships in which the District acts solely as a trustee or agent for the
benefit of others to whom the resources belong.
The financial statements also include notes that explain some of the information in the statements and
provide more detailed data. Figure 1, shown at the top of the next page, depicts how the various parts of
this annual report are arranged and their relationship to one another.
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Figure 1
Organization of
Comprehensive Annual Financial Report
Management’s
Discussion
and
Analysis
Basic
Financial
Statements
Government-Wide
Financial
Statements
Fund
Financial
Statements
Summary
Notes
to Basic
Financial
Statements
Detail
Figure 2, at the top of the next page, summarizes the major features of the District’s financial statements,
including portions of the District’s activities covered and the types of information they contain. The
remainder of this overview section of the MD&A highlights the structure and contents of each of the
statements.
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Figure 2
Major Features of the Government-Wide and Fund Financial Statements
Government-Wide
Statements
Entire district (except
fiduciary funds)
Scope
Required financial
statements
– Statement of Net Assets
– Statement of Activities
Accounting basis and
measurement focus
Type of asset/liability
information
Accrual accounting and
economic resources focus
All assets and liabilities,
both financial and capital,
short-term and long-term
Type of inflow/outflow All revenues and expenses
information
during the year, regardless
of when cash is received
or paid
Governmental Funds
The activities of the District
that are not proprietary or
fiduciary, such as
building maintenance,
food service, and
community education
– Balance Sheet
Fund Financial Statements
Proprietary Funds
Activities of the District operate
similar to private businesses:
internal service fund
– Statement of Net Assets
– Statement of Revenue,
– Statement of Revenue,
Expenditures, and Changes Expenses, and Changes in
in Fund Balances
Fund Net Assets
Modified accrual accounting
and current financial focus
Generally assets expected
to be used up and
liabilities that come due
during the year or soon
thereafter; no capital
assets or long-term
liabilities included
Revenues for which cash is
received during or soon
after the end of the year;
expenditures when goods
or services have been
received and the related
liability is due and payable
– Statement of Cash Flows
Accrual accounting and
economic resources focus
All assets and liabilities,
both financial and capital,
and short-term and long-term
All revenues and expenses
during the year, regardless
of when cash is received
or paid
Fiduciary Funds
Instances in which the
District administers
resources on behalf of
someone else, such as
flexible benefit plans
– Statement of Fiduciary
Net Assets
– Statement of Changes
in Fiduciary Net Assets
Accrual accounting and
economic resources focus
All assets and liabilities,
both short-term and
long-term; funds do
not currently contain
capital assets, although
they can
All additions and
deductions during the
year, regardless of when
cash is received or
paid
Government-Wide Statements
The government-wide financial statements are designed to provide readers with a broad overview of the
District’s finances, using accounting methods similar to those used by private sector companies.
•
Statement of Net Assets – Presents all of the District’s assets and liabilities with the difference
between the two reported as net assets. Over time, increases or decreases in the District’s net
assets are indicators of whether its financial position is improving or deteriorating, respectively.
•
Statement of Activities – Presents information showing how the District’s net assets changed
during the most recent fiscal year. All of the current year’s revenues and expenses are accounted
for in the Statement of Activities regardless of when cash is received or paid.
To assess the overall health of the District requires consideration of additional non-financial factors such
as changes in the District’s property tax base and the condition of school buildings and other facilities.
In the government-wide financial statements the District’s activities are shown in one category titled
“governmental activities.”
•
Governmental Activities – The District’s basic services are reported here, including regular and
special education, transportation, administration, food services, and community education.
Property taxes and state aids finance most of these activities.
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Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been
segregated for specific activities or objectives. The District uses fund accounting to ensure and
demonstrate compliance with finance-related legal requirements.
The fund financial statements provide more detailed information about the District’s funds, focusing on
its most significant or “major” funds, rather than the District as a whole. Funds (Food Service and
Community Service Special Revenue) that do not meet the threshold to be classified as major funds are
called “nonmajor” funds. Detailed financial information for nonmajor funds can be found in the
combining, individual fund, and capital assets statements and schedules section.
The District maintains three kinds of funds:
•
Governmental Funds – The District’s basic services are included in governmental funds which
generally focus on: 1) how cash and other financial assets that can readily be converted to cash
flow in and out, and 2) the balances left at year-end that are available for spending.
Consequently, the governmental funds statements provide a detailed short-term view that helps to
determine whether there are more or less financial resources that can be spent in the near future to
finance the District’s programs. Because this information does not encompass the additional
long-term focus of the government-wide statements, we provide additional information
(reconciliation schedules) immediately following the governmental funds statements that explain
the relationship (or differences) between these two types of financial statement presentations.
•
Proprietary Funds – Services for which the District charges a fee are generally reported in
proprietary funds. Proprietary funds are reported in the same way as the government-wide
statements. The District currently has two internal service funds for severance and other
post-employment benefits.
•
Fiduciary Funds – The District is the trustee, or fiduciary, for assets that belong to others, such
as the Employee Benefit Trust Fund and Scholarship Private-Purpose Trust Fund. The District is
responsible for ensuring that the assets reported in these funds are used only for their intended
purposes and by those to whom the assets belong. All of the District’s fiduciary activities are
reported in a separate Statement of Fiduciary Net Assets and a Statement of Changes in Fiduciary
Net Assets. We exclude these activities from the government-wide financial statements because
the District cannot use these assets to finance its operations.
FINANCIAL ANALYSIS OF THE DISTRICT AS A WHOLE
The District’s financial position is the product of many factors. As indicated earlier, net assets may serve
over time as a useful indicator of the District’s financial position. The reader needs to understand that the
determination of net capital assets involves a great deal of assumptions and estimates, such as current and
accumulated depreciation amounts. A conservative versus liberal approach to depreciation estimates, as
well as capitalization policies, will produce a significant difference in the calculated amounts.
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Net Assets – The District’s combined net assets were $153.32 million on June 30, 2009. This is an
increase of $5.4 million or 3.65 percent from the previous year total of $147.92 million. (See Table 1)
Table 1
Net Assets – Governmental Activities
Percent Change
2008 to 2009
2009
2008
Current and other assets
Capital assets
$ 227,673,286
238,881,713
$ 197,055,255
243,876,386
15.54%
(2.05%)
Total assets
$ 466,554,999
$ 440,931,641
5.81%
$ 188,940,931
124,291,238
$ 172,565,010
120,445,595
9.49%
3.19%
$ 313,232,169
$ 293,010,605
6.90%
$ 111,989,021
14,697,379
26,636,430
$ 103,319,797
17,359,320
27,241,919
8.39%
(15.33%)
(2.22%)
$ 153,322,830
$ 147,921,036
3.65%
Long-term liabilities
Other liabilities
Total liabilities
Net assets
Invested in capital assets,
net of related debt
Restricted
Unrestricted
Total net assets
The largest portion of the District’s net assets (73.0 percent) reflects its investment in capital assets
(e.g., land, buildings, and furniture and equipment) less any related debt used to acquire those assets that
is still outstanding.
An additional portion of the District’s net assets (9.6 percent) represents resources that are restricted as to
how they may be used, such as capital assets acquisition and debt service payment needs. The remaining
balance of unrestricted net assets ($26.64 million) may be used to meet the District’s ongoing obligations.
The District’s improved financial position is the product of many factors. However, two events of last
year stand out:
•
An increase of $50 in the per pupil unit basic general education formula allowance for the
2008–2009 fiscal year plus a one-time increase (for 2008–2009) in the general education revenue
of $51 per pupil unit.
•
The issuance of Series 2009A General Obligation Taxable Other Post-Employment Benefit
(OPEB) Bonds totaling $37.44 million.
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Table 2, as presented below, contains a condensed version of the Change in Net Assets of the District:
Table 2
Change in Net Assets
Revenues
Program revenues
Charges for services
Operating grants and contributions
Capital grants and contributions
General revenues
Property taxes
General grants and aids
Other
Total revenues
2008
$ 18,275,291
43,753,262
68,959
$ 17,853,460
42,921,499
17,710
74,070,556
187,486,449
4,752,483
328,407,000
74,921,563
186,584,417
6,068,643
328,367,292
(1.14%)
0.48%
(21.69%)
0.01%
10,676,349
7,231,136
139,395,913
4,379,357
52,646,589
17,746,580
22,449,912
32,544,041
551,497
10,634,039
8,999,897
8,822,145
6,927,751
323,005,206
10,572,073
8,012,405
140,899,720
3,498,530
52,071,654
16,520,831
20,173,827
24,115,360
420,089
10,328,031
8,184,218
8,498,619
7,962,893
311,258,250
0.99%
(9.75%)
(1.07%)
25.18%
1.10%
7.42%
11.28%
34.95%
31.28%
2.96%
9.97%
3.81%
(13.00%)
3.77%
5,401,794
$ 17,109,042
(68.43%)
Expenses
Administration
District support services
Elementary and secondary regular instruction
Vocational education instruction
Special education instruction
Instructional support services
Pupil support services
Sites and buildings
Fiscal and other fixed cost programs
Food service
Community service
Unallocated depreciation
Interest and fiscal charges on long-term debt
Total expenses
Increase in net assets
Percent Change
2008 to 2009
2009
$
2.36%
1.94%
289.38%
Changes in Net Assets – The District’s total revenues were $328.41 million for the year ended June 30,
2009. This is an increase of $39,708 or 0.01 percent from the 2007–2008 actual revenues of
$328.37 million.
For 2008–2009, property taxes and general grants and aids accounted for 79.64 percent of total revenue
for the year.
About 13.34 percent of the District’s revenue came from operating and capital grants. Fees and charges
for services accounted for 5.57 percent of the total revenue, while the remaining 1.45 percent came from
other general revenue, including investment income.
-9-
For 2008–2009, the total cost of all programs and services was $323.01 million. This is an increase of
$11.75 million or 3.77 percent over the 2007–2008 total of $311.26 million.
As in past years, the bulk of the District’s resources (73.26 percent) were directed to providing
instructional services to our students enrolled in regular education, special education, and vocational
education programs (including instructional and pupil support). (See Figure 4)
The administrative activities of the District accounted for 3.31 percent of total costs for the year.
Total revenues surpassed expenses, increasing the District’s net assets by $5.40 million.
Figure 3
Sources of Revenues for Fiscal Year 2009
Other
1.45%
General Grants
and Aids
57.09%
Charges for
Services
5.57%
Operating Grants
and Contributions
13.32%
Capital Grants and
Contributions
0.02%
Property Taxes
22.55%
Figure 4
Expenses for Fiscal Year 2009
Instructional
Support Services
5.49%
Pupil Support
Services
6.95%
Sites and Buildings
10.07%
Special Education
Instruction
16.30%
Food Service
3.29%
Community
Service
2.79%
Vocational
Education
Instruction
1.36%
Elementary and
Secondary Regular
Instruction
43.16%
Fiscal and Other
Fixed Cost
Programs
0.17%
Unallocated
Depreciation
2.73%
District Support
Services
2.24%
-10-
Administration
3.31%
Interest and Fiscal
Charges
2.14%
The cost of all governmental activities for 2008–2009 was $323.01 million. Of this amount,
$62.10 million was supported by “charges for services, operating grants, or capital grants” received by the
schools. The net cost of all governmental activities for 2008–2009 was $260.91 million. (See Table 3)
•
A majority of the District’s costs were paid for by district taxpayers and the taxpayers of our state
in property taxes and state aid based on the state-wide education aid formula.
•
The federal and state governments, and other local sources subsidized certain programs with
grants and contributions. This totaled $43.82 million or 13.56 percent of the total costs for
2008–2009.
•
About 5.66 percent or $18.28 million of costs were paid by the users of the District’s programs.
•
Finally, $4.75 million of district revenue came from investment earnings and other general
revenue.
Table 3
Net Cost of Governmental Activities
Net Cost of Services
2009
2008
Administration
District support services
Elementary and secondary regular instruction
Vocational education instruction
Special education instruction
Instructional support services
Pupil support services
Sites and buildings
Fiscal and other fixed cost programs
Food service
Community service
Unallocated depreciation
Interest and fiscal charges on long-term debt
Total
Percent Change
2008 to 2009
$ 10,674,248
7,009,350
125,941,658
3,563,582
23,220,743
17,612,196
21,728,636
32,389,947
551,497
(233,909)
2,699,850
8,822,145
6,927,751
$ 10,566,313
7,695,987
128,236,522
3,080,582
21,912,334
16,372,250
19,584,705
24,044,890
406,337
(432,871)
2,537,020
8,498,619
7,962,893
1.02%
(8.92%)
(1.79%)
15.68%
5.97%
7.57%
10.95%
34.71%
35.72%
(45.96%)
6.42%
3.81%
(13.00%)
$ 260,907,694
$ 250,465,581
4.17%
-11-
FINANCIAL ANALYSIS OF THE DISTRICT’S FUNDS
The financial performance of the District as a whole is also reflected in its governmental funds. As of
June 30, 2009, the District’s governmental funds reported a combined fund balance of $55.50 million, a
decrease of $6.10 million or 9.9 percent from last year’s ending fund balance of $61.59 million. This net
decrease is chiefly due to the following factors:
•
In 2008–2009, actual expenditures and other financing uses were higher than actual revenues and
other financing sources in the General Fund, Debt Service Fund, and Community Service Special
Revenue Fund.
•
A planned spend down of bond proceeds in the Capital Projects – Building Construction Fund for
voter-approved facilities improvement projects at the schools.
•
A recall by the District’s refunding bond escrow agent of $3.84 million general obligation bonds
during 2008–2009.
Table 4 shows the change in total fund balances of each of the District’s governmental funds:
Table 4
Governmental Fund Balances
as of June 30, 2009
Major funds
General
Capital Projects –
building construction
Debt service
Total major funds
Nonmajor funds
Special revenue
Food service
Community service
Total nonmajor funds
Total major and nonmajor funds
Percent
Change
2008 to 2009
2009
2008
Increase
(Decrease)
$ 39,668,557
$ 40,840,312
$ (1,171,755)
(2.87%)
4,935,529
7,707,637
52,311,723
6,380,252
11,252,092
58,472,656
(1,444,723)
(3,544,455)
(6,160,933)
(22.64%)
(31.50%)
(10.54%)
2,253,820
932,675
3,186,495
1,934,059
1,187,191
3,121,250
319,761
(254,516)
65,245
16.53%
(21.44%)
2.09%
$ 55,498,218
$ 61,593,906
$ (6,095,688)
(9.90%)
-12-
GENERAL FUND
The General Fund is used by the District to record the primary operations of providing education services
to students from kindergarten through Grade 12. Pupil transportation activities and capital and major
maintenance projects are also included in the General Fund.
Funding for Minnesota school districts is largely driven by enrollment. Over the last five years, the
District’s enrollment has remained fairly stable in the number of students. Based on the results of the
summer 2004 demographic study of the District and subsequent enrollment projection updates, the
District anticipates that the total number of students will decline slightly for the next several years.
The graph below (Figure 5) shows that the District’s actual average daily membership over the last
five years has decreased steadily and the more significant decline occurred at the elementary level.
Figure 5
Students (Average Daily Membership)
30,000
25,000
20,000
15,000
10,000
5,000
–
2005
2006
2007
Elementary
-13-
Secondary
2008
2009
Table 5, as shown below, presents a summary of General Fund revenues and other financing sources:
Table 5
General Fund Revenues and Other Financing Sources
Year Ended June 30,
2009
2008
Revenues
Local sources
Property taxes
Interest earnings
Other
State sources
Federal sources
Total revenues
Other financing sources
Debt issued
Premium on debt issued
Proceeds from sale of capital assets
Capital leases
Total other financing sources
Total General Fund revenues
and other financing sources
Amount of
Increase
(Decrease)
Percent
Increase
(Decrease)
$ 54,862,700
1,092,257
9,731,961
214,186,092
9,145,713
289,018,723
$ 53,038,956
2,592,197
8,984,486
212,970,606
9,222,494
286,808,739
$ 1,823,744
(1,499,940)
747,475
1,215,486
(76,781)
2,209,984
3.44%
(57.86%)
8.32%
0.57%
(0.83%)
0.77%
35,839,025
135,242
106,387
–
36,080,654
–
–
5,608
4,280,000
4,285,608
35,839,025
135,242
100,779
(4,280,000)
31,795,046
N/A
N/A
1,797.06%
(100.00%)
741.90%
$ 325,099,377
$ 291,094,347
$ 34,005,030
11.68%
N/A – Not Applicable
During 2008–2009, the District’s total General Fund revenue and other financing sources increased by
$34.01 million, or 11.68 percent from the previous year. Basic general education revenue is determined
by a state per pupil funding formula. Other state authorized revenue, including operating levy referendum
and the property tax shift, involve an equalized mix of property tax and state aid revenue. As a result, the
mix of property tax and state aid can change significantly from year to year without any net change in
revenue.
The increase in General Fund revenues is mainly the result of:
1) An increase of $50 in the per pupil unit funding for general education revenue.
2) A one-time increase for general education revenue of $51 per pupil unit. This was approved by
the 2008 Legislature.
3) Higher than expected admissions, co-curricular participation fees collected from students, and
additional funds raised by the schools.
The increase in General Fund other financing sources is chiefly due to the sale of $37.44 million general
obligation taxable OPEB bonds. The District is required to report the proceeds from this bond sale in its
operating funds which include the General Fund, Food Service Special Revenue Fund, and Community
Service Special Revenue Fund.
-14-
Table 6, as shown below, presents a summary of General Fund expenditures and other financing uses:
Table 6
General Fund Expenditures and Other Financing Uses
Year Ended June 30,
2009
2008
Expenditures
Salaries
Employee benefits
Purchased services
Supplies and materials
Capital expenditures
Other expenditures
Total expenditures
Other financing uses
Transfers out
Total General Fund expenditures
and other financing uses
Amount of
Increase
(Decrease)
$ 188,028,098
87,846,728
21,626,859
11,058,294
6,767,977
4,325,992
319,653,948
$ 179,928,894
51,799,569
21,850,105
9,462,413
10,876,238
2,980,706
276,897,925
$ 8,099,204
36,047,159
(223,246)
1,595,881
(4,108,261)
1,345,286
42,756,023
6,617,185
6,766,236
(149,051)
$ 326,271,133
$ 283,664,161
$ 42,606,972
Percent
Increase
(Decrease)
4.50%
69.59%
(1.02%)
16.87%
(37.77%)
45.13%
15.44%
2.20%
15.02%
Total General Fund expenditures and other financing uses increased $42.61 million or 15.02 percent from
the previous year.
In fiscal year 2008–2009 actual salaries were 4.5 percent higher than the prior school year. This is mainly
due to School Board-approved contractual agreements and additional staff hired with funding from local
foundation grants and donations.
Employee benefits increased $36.05 million or 69.59 percent more than the previous school year. This is
directly related to the sale of $37.44 million general obligation taxable OPEB bonds. As mentioned
above, the District is required to report the net proceeds from the bond sale in the District’s operating
funds as other financing sources and as OPEB contributions (expenditures) up to and in excess of the
annual required contributions.
Capital expenditures for the 2008–2009 fiscal year decreased by $4.11 million or 37.77 percent. The
2007–2008 capital expenditures included a $4.28 million capital lease issued for the District’s new
administrative office.
In summary, 2008–2009 General Fund expenditures and other financing uses exceeded General Fund
revenues and other financing sources by $1.17 million. As a result, total fund balance decreased by the
same amount at June 30, 2009. After deducting statutory reserves and internal designations, the
unreserved – undesignated fund balance increased from $33.76 million at June 30, 2008 to $34.16 million
at June 30, 2009.
-15-
Figure 6 and Table 7 show the General Fund – Operating Account unreserved – undesignated fund
balance as a percentage of expenditures.
Figure 6
General Fund – Operating Account
Unreserved – Undesignated Fund Balance as a Percentage of Expenditures
$300,000,000
$290,000,000
$280,000,000
$270,000,000
$260,000,000
$250,000,000
$240,000,000
$230,000,000
$220,000,000
$210,000,000
$200,000,000
$190,000,000
$180,000,000
$170,000,000
$160,000,000
$150,000,000
$140,000,000
$130,000,000
$120,000,000
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$–
11.86%
2005
13.85%
12.03%
2008
2009
11.39%
9.15%
2006
2007
Fund Balance
Total Expenditures
The graph, as shown in Figure 6 above, is the single best measure of the District’s overall financial health.
The unreserved – undesignated fund balance of $34.98 million in the Operating Account of the General
Fund at June 30, 2009 represents 12.03 percent of annual operating account expenditures or slightly over
six weeks of operations. It is the District’s desire to continue to provide quality instructional services to
our students; the administration and School Board will continue to monitor expenditures and strive to
maintain a minimum fund balance of 5 percent of operating costs.
-16-
Table 7
General Fund – Operating Account
Unreserved – Undesignated Fund Balance and Expenditures
Unreserved – undesignated
fund balance
Percent increase (decrease)
Expenditures
2005
2006
2007
2008
2009
$ 25,229,747
$ 20,591,397
$ 26,419,738
$ 34,307,646
$ 34,982,262
28.30%
29.86%
1.97%
(24.94%)
(18.38%)
$ 212,807,924
$ 225,063,993
$ 232,020,352
$ 247,634,144
$ 290,707,366
Percent increase (decrease)
5.10%
5.76%
3.09%
6.73%
17.39%
Percent of fund balance to
expenditures
11.86%
11.39%
13.85%
9.15%
12.03%
General Fund Budgetary Highlights
The District is required to adopt an operating budget prior to the beginning of its fiscal year (July 1),
referred to as the preliminary budget. Over the course of the year, the District revised its annual operating
budget twice. These budget amendments fall into two categories:
•
Implementing budgets for specially funded projects, which include both federal and state grants,
adjusting staffing and various instructional allocations to the schools based on actual enrollment
on October 1, 2008, and unspent funds carried over from fiscal year 2007–2008.
•
Increase in appropriations for significant unbudgeted costs, the largest of which was the increase
in benefits due to the effect of the OPEB bonds, as discussed earlier.
-17-
The final budget amounts, as shown in Table 8 below, include all of these adjustments and represent the
District’s revised estimates for 2008–2009.
Table 8
General Fund Budget
Final Budget
Revenue and other
financing sources
$ 279,015,064
$ 323,809,012
$
44,793,948
16.05%
Expenditures and other
financing uses
$ 285,521,811
$ 332,889,395
$
47,367,584
16.59%
Net gain (loss)
$
$
$
(2,573,636)
39.55%
(6,506,747)
(9,080,383)
Increase
(Decrease)
Percent Change
Preliminary
to Final
Preliminary
Budget
While the District’s final budget for the General Fund anticipated that expenditures and other financing
uses would exceed revenues and other financing sources by $9.08 million, the actual results for the year
show an excess of expenditures and other financing uses over revenues and other financing sources of just
$1.17 million.
•
Actual revenues and other financing sources were about $1.29 million more than expected. This
is mainly due to higher than expected delinquent tax collection, admission and co-curricular
participation fees collected from students, and additional funds raised by the schools. Actual
federal aids received were lower than budget; federal reimbursements are based on actual
expenditures. The District did not spend all of its federal entitlements in 2008–2009; in most
cases the unspent entitlements can be carried over to the next school year.
•
Actual expenditures and other financing uses were $6.87 million or 2.06 percent lower than
budget. A majority of the budget savings came from the regular elementary and secondary
programs and vocational education program.
CAPITAL PROJECTS – BUILDING CONSTRUCTION FUND
Fiscal year 2008–2009 is the fifth year after the passage of the June 2004 $68.00 million facilities
referendum. All of the planned building construction and facilities improvement projects are complete.
The Capital Projects – Building Construction Fund expenditures exceeded revenues and other financing
sources by $1.44 million at June 30, 2009, resulting in a decrease of the same amount in the June 30,
2009 fund balance. The decrease is mainly a result of the planned spend down of the fund balance to
complete approved projects. The Capital Projects – Building Construction Fund balance shows a balance
of $4.94 million as of June 30, 2009.
-18-
DEBT SERVICE FUND
Revenues and expenditures for the District’s Debt Service Fund are directly tied to the District’s bond
principal and interest payment needs. For 2008–2009, approximately 94.32 percent of the District’s debt
service revenues came from property taxes. The balance came from the state in the form of homestead
and agricultural market value property tax credits and interest income from short-term investments.
In 2008–2009, the District’s total Debt Service Fund expenditures and other financing uses exceeded
revenues and other financing sources by $3.54 million.
The June 30, 2009 Debt Service Fund balance totaled $7.71 million. Of this amount, $2,295 is reserved
for bond refunding. The remaining $7.71 million is available for regular debt service.
NONMAJOR FUNDS
Revenues and other financing sources in the nonmajor funds exceeded expenditures by $65,245.
Food Service Special Revenue Fund
The Food Service Special Revenue Fund revenues and other financing sources for 2008–2009 totaled
$11.65 million and expenditures and other financing uses were $11.33 million, resulting in an increase in
the fund balance of $0.32 million. The June 30, 2009 Food Service Special Revenue Fund balance is
$2.25 million.
The 2008–2009 actual revenues and other financing sources were $0.12 million or 1.05 percent less than
the budgeted amount. A majority of the decrease came from the budget for USDA commodities. The
actual commodities received and used by the District were less than the budgeted amount.
The actual 2008–2009 Food Service Special Revenue Fund expenditures were $0.53 million or
4.43 percent lower than the budgeted amount. This is mainly due to using less USDA commodities than
planned, and savings from planned capital improvement projects and equipment purchased.
Consistent with the food service comprehensive capital projects plan, the District will continue to use the
accumulated fund balance to fund routine state authorized equipment purchases and major capital
projects.
Community Service Special Revenue Fund
In 2008–2009, the total revenues and other financing sources for the Community Service Special Revenue
Fund were $9.54 million, and the total expenditures and other financing uses were $9.80 million. Total
expenditures and other financing uses exceeded revenues and other financing sources by $0.25 million,
resulting in a decrease of the same amount in the June 30, 2009 fund balance. The Community Service
Special Revenue Fund balance as of June 30, 2009 is $932,675. Of this amount, $561,757 is reserved for
community education (which includes $619 reserved for prepaids), $221,195 is reserved for the Adult
Basic Education Program, $87,035 is reserved for the Early Childhood Family Education Program, and
$62,688 is reserved for the School Readiness Program.
-19-
INTERNAL SERVICE FUNDS
The District maintains two internal service funds. The Severance Benefits Internal Service Fund is used
to pre-fund severance or retirement pay for eligible retirees. For 2008–2009, the revenues for this fund
include interest income from short-term investments and contributions paid from the District’s
governmental funds. The severance pay liabilities for the District on June 30, 2009 totaled
$11.45 million, and the net assets of the fund were a negative $2.23 million.
The Other Post-Employment Benefits Internal Service Fund accounts for assets contributed to a revocable
trust used by the District to finance its OPEB liabilities, including the proceeds from the $37.44 million
general obligation taxable OPEB bonds issued in January 2009. The June 30, 2009 net assets of this fund
were $32.31 million.
CAPITAL ASSETS AND DEBT ADMINISTRATION
CAPITAL ASSETS
By the end of 2009, the District has net capital assets of $238.88 million representing a broad range of
capital assets, including school buildings, athletic facilities, computer and audio-visual equipment, and
other equipment for various instructional programs (see Table 9). More detailed information about
capital assets can be found in Note 3 of the notes to basic financial statements. Total depreciation
expenses for the year were $11.43 million.
During 2008–2009, the District invested a total of $7.52 million in buildings, furniture and equipment,
and construction in progress. Almost all of the capital investment can be attributed to major maintenance
and building improvement projects approved by the state and funded by alternative facility levy revenue;
health and safety and operating capital revenues.
Table 9
Capital Assets
2009
Land
Land improvements
Buildings
Furniture and equipment
Construction in progress
Less accumulated depreciation
Total
$
8,870,712
10,153,666
329,348,326
40,693,631
3,608,373
(153,792,995)
$ 238,881,713
-20-
2008
$
8,870,712
9,886,433
308,275,232
30,967,101
29,026,823
(143,149,915)
$ 243,876,386
Percent Change
2008–2009
–
2.70%
6.84%
31.41%
(87.57%)
7.43%
(2.05%)
LONG-TERM LIABILITIES
At year-end, the District had $164.23 million in general obligation bonds, refunding bonds, capital notes,
and state energy loans outstanding. This is a net increase of $18.72 million from the previous year, as
shown in Table 10.
•
Outstanding bonds and capital notes show a net increase of $18.72 million, mainly due to the
addition of a $37.44 million bond issued in January 2009 for OPEB, and the retirement of
existing debt. The District continues to make required scheduled payments.
•
The District continued to pay down its debt, retiring $2.60 million of existing leases during the
year.
Table 10
Outstanding Long-Term Liabilities
General obligation bonds
General obligation refunding bonds
Capital notes
State energy loans
Capital leases payable
Severance benefits payable
Accrued vacation payable
Percent Change
2008 to 2009
2009
2008
$ 136,185,000
27,655,000
385,000
7,694
10,475,617
11,451,554
2,781,066
$ 115,215,000
29,730,000
560,000
10,259
13,074,455
11,313,457
2,661,839
18.20%
(6.98%)
(31.25%)
(25.00%)
(19.88%)
1.22%
4.48%
$ 188,940,931
$ 172,565,010
9.49%
-21-
Bond Ratings
The District’s general obligation bonds carry a rating of
Aa2, upgraded by Moody’s Investors Service in February
2008.
Limitation on Debt
The state limits the amount of general obligation debt the
District can issue up to 15 percent of actual market value
of all taxable property within the District’s boundaries.
The estimated market value of all taxable property is
$14.64 billion for calendar year 2009 and the District’s
debt limit is $2.20 billion.
The District’s outstanding debt is significantly below this
limit. The District’s outstanding debt as of June 30, 2009
is $164.23 million. The amount that is applicable to the
debt limit calculation is $156.52 million (total outstanding
debt less Debt Service Fund balance).
Additional details of the District’s capital assets and long-term debt activity can be found in the notes to
basic financial statements.
FACTORS BEARING ON THE DISTRICT’S FUTURE
With the exception of the voter-approved operating referendum, the District is dependent on the state of
Minnesota for its revenue authority. Recent experience has demonstrated that legislated revenue
increases have been insufficient to meet instructional program needs and increased costs due to inflation.
Even though the Legislature approved increases in the per pupil basic general education formula
allowance for the 2007–2008 and 2008–2009 fiscal years, they have not been sufficient to reverse the
impact of the three previous years at the same level of funding with consistently rising costs. Recent
economic downturns have also negatively impacted the state’s ability to adequately fund school districts.
The per pupil funding for the 2009–2010 fiscal year remains at the 2008–2009 level; and school districts
will only receive 73 percent of their estimated state aid entitlements in the current school year, with the
remaining 27 percent paid in the following school year. This delay in state aid payments significantly
impacts school districts’ cash position and will likely result in many short-term borrowing by many
school districts.
Unlike many other school districts in the state, voters in the District approved an operating levy
referendum in November 2005 to provide additional funding for education. This operating levy is a
10-year levy and the District began to collect the revenue in 2006–2007. The District is committed to
maintaining its long-standing commitment to academic excellence and educational opportunity for
students and striving to maintain sustainable operations.
However, unpredictable funding from the state and increasing reliance on local levies for funding basic
programs along with the double-digit increase in health costs and energy cost increases continue to be
major challenges for Minnesota schools.
-22-
CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, customers, investors, and creditors
with a general overview of the District’s finances and to demonstrate the District’s accountability for the
money it receives. If you have questions about this report or need additional financial information,
contact the Finance Department, Independent School District No. 196, Rosemount – Apple Valley –
Eagan Public Schools, 3455 – 153rd Street West, Rosemount, Minnesota 55068.
-23-
-24-
INDEPENDENT SCHOOL DISTRICT NO. 196
Balance Sheet
Governmental Funds
as of June 30, 2009
(With Partial Comparative Information as of June 30, 2008)
General Fund
Capital Projects –
Building
Construction Fund
Debt Service Fund
Nonmajor Funds
$
$
$
Total Governmental Funds
2009
2008
Assets
Cash and temporary investments
Cash and investments held by trustee
Receivables
Current taxes
Delinquent taxes
Accounts and interest receivable
Due from other governmental units
Due from other funds
Inventory
Prepaid items
Total assets
$
75,979,453
70,331
31,421,419
618,999
504,019
24,949,901
–
440,063
378,385
6,395,552
–
–
–
–
–
493,680
–
–
14,998,843
–
10,292,817
225,502
41,505
174,737
56,890
–
–
3,952,359
–
$
960,840
17,927
45,348
1,054,366
–
136,066
619
101,326,207
70,331
$
42,675,076
862,428
590,872
26,179,004
550,570
576,129
379,004
102,796,387
5,637,209
42,357,502
731,388
565,340
24,172,516
1,125
591,613
396,491
$
134,362,570
$
6,889,232
$
25,790,294
$
6,167,525
$
173,209,621
$
177,249,571
$
17,573,561
22,598,297
837,712
550,270
52,265,329
249,845
618,999
94,694,013
$
–
1,953,703
–
–
–
–
–
1,953,703
$
–
–
–
–
17,857,155
–
225,502
18,082,657
$
391,079
623,947
4,745
300
1,675,211
267,821
17,927
2,981,030
$
17,964,640
25,175,947
842,457
550,570
71,797,695
517,666
862,428
117,711,403
$
16,671,271
22,141,763
2,142,043
1,125
71,791,976
2,176,099
731,388
115,655,665
Liabilities and Fund Balances
Liabilities
Salaries and compensated absences payable
Accounts and contracts payable
Due to other governmental units
Due to other funds
Property taxes levied for subsequent year
Unearned revenue
Deferred revenue – delinquent taxes
Total liabilities
Fund balances
Reserved
Unreserved – designated
Unreserved – undesignated, reported in
General Fund
Special revenue funds
Total fund balances
Total liabilities and fund balances
$
3,620,075
1,892,899
4,935,529
–
2,295
7,705,342
932,675
–
9,490,574
9,598,241
34,155,583
–
39,668,557
–
–
4,935,529
–
–
7,707,637
–
2,253,820
3,186,495
34,155,583
2,253,820
55,498,218
134,362,570
$
6,889,232
See notes to basic financial statements
Pages 28 and 29
$
25,790,294
$
6,167,525
$
173,209,621
18,030,606
7,880,593
33,755,458
1,927,249
61,593,906
$
177,249,571
-30-
INDEPENDENT SCHOOL DISTRICT NO. 196
Statement of Revenue, Expenditures, and Changes in Fund Balances
Governmental Funds
Year Ended June 30, 2009
(With Partial Comparative Information for the Year Ended June 30, 2008)
General Fund
Revenue
Local sources
Property taxes
Investment earnings
Other
State sources
Federal sources
Total revenue
$
Expenditures
Current
Administration
District support services
Elementary and secondary regular instruction
Vocational education instruction
Special education instruction
Instructional support services
Pupil support services
Sites and buildings
Fiscal and other fixed cost programs
Food service
Community service
Capital outlay
Debt service
Principal
Interest and fiscal charges
Total expenditures
Excess (deficiency) of revenue over expenditures
Other financing sources (uses)
Debt issued
Premium on debt issued
Proceeds from sales of capital assets
Paid to refunded debt escrow agent
Transfers in
Transfers (out)
Total other financing sources (uses)
Net change in fund balances
Fund balances
Beginning of year
End of year
$
54,862,700
1,092,257
9,731,961
214,186,092
9,145,713
289,018,723
Capital Projects –
Building
Construction Fund
Debt Service Fund
Nonmajor Funds
$
$
$
–
47,538
330
–
–
47,868
17,695,286
374,463
–
691,146
–
18,760,895
1,381,530
88,521
12,361,660
2,699,802
2,931,054
19,462,567
Total Governmental Funds
2009
2008
$
73,939,516
1,602,779
22,093,951
217,577,040
12,076,767
327,290,053
$
74,697,557
3,961,904
21,182,866
216,030,229
11,896,836
327,769,392
12,296,918
8,517,040
163,971,417
4,694,936
59,789,980
19,064,240
23,322,712
24,250,273
551,497
–
48,029
–
–
–
–
–
–
–
–
–
–
–
–
7,669,536
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
–
11,239,092
9,701,466
175,536
12,296,918
8,517,040
163,971,417
4,694,936
59,789,980
19,064,240
23,322,712
24,250,273
551,497
11,239,092
9,749,495
7,845,072
10,293,805
8,012,337
138,688,332
3,501,957
52,056,253
16,489,090
19,977,362
25,540,858
420,089
10,153,258
8,125,587
11,970,869
2,598,837
548,069
319,653,948
–
–
7,669,536
14,887,566
3,911,267
18,798,833
–
–
21,116,094
17,486,403
4,459,336
367,238,411
17,269,095
4,625,339
327,124,231
(30,635,225)
(7,621,668)
(37,938)
(1,653,527)
(39,948,358)
35,839,025
135,242
106,387
–
–
(6,617,184)
29,463,470
–
–
–
–
6,176,945
–
6,176,945
–
–
–
(3,835,000)
328,483
–
(3,506,517)
1,600,975
6,041
–
–
125,803
(14,047)
1,718,772
37,440,000
141,283
106,387
(3,835,000)
6,631,231
(6,631,231)
33,852,670
15,365,000
474,801
6,108
(11,570,000)
6,766,236
(6,766,236)
4,275,909
(1,171,755)
(1,444,723)
(3,544,455)
(6,095,688)
4,921,070
40,840,312
6,380,252
11,252,092
61,593,906
56,672,836
39,668,557
$
4,935,529
$
7,707,637
See notes to basic financial statements
Pages 32 and 33
65,245
3,121,250
$
3,186,495
$
55,498,218
645,161
$
61,593,906
INDEPENDENT SCHOOL DISTRICT NO. 196
Schedule of Changes in Capital Assets
Year Ended June 30, 2009
Balance –
June 30, 2008
Capital assets
Land
Land improvements
Buildings
Furniture and equipment
Construction in progress
Total capital assets
Capital assets by source
General Fund and special revenue funds
General obligation bonds
Certificates of participation
Total capital assets by source
Capital assets by function and activity
Administration and instructional
Food service
Community service
Total capital assets by function and activity
Reconciliation of financial statement
capital expenditures to capital asset additions
Financial statement capital expenditures
General Fund – Operating Account
General Fund – Pupil Transportation Account
General Fund – Capital Expenditure Account
Food Service Special Revenue Fund
Community Service Special Revenue Fund
Capital Projects – Building Construction Fund
Total capital expenditures
$
Additions
Completed
Construction
Balance –
June 30, 2009
8,870,712
9,886,433
308,275,232
30,967,101
29,026,823
$
–
–
2,998
2,333,167
5,180,987
$
–
–
(1,067,461)
(798,006)
(3,278)
$
–
267,233
22,137,557
8,191,369
(30,596,159)
$ 387,026,301
$
7,517,152
$
(1,868,745)
$
–
$ 392,674,708
$ 63,885,665
322,743,103
397,533
$
2,423,020
5,094,132
–
$
(586,413)
(1,282,332)
–
$
–
–
–
$ 65,722,272
326,554,903
397,533
$ 387,026,301
$
7,517,152
$
(1,868,745)
$
–
$ 392,674,708
$ 384,091,633
2,856,406
78,262
$
7,427,427
83,168
6,557
$
(1,853,345)
(15,400)
–
$
–
–
–
$ 389,665,715
2,924,174
84,819
$ 387,026,301
$
7,517,152
$
(1,868,745)
$
–
$ 392,674,708
$
8,838,448
1,493,369
1,974,783
85,214
90,322
1,396,110
13,878,246
Less non-inventoriable expenditures included in above funds
Total additions in capital assets
Retirements
(6,361,094)
$
7,517,152
Pages 108 and 109
$
8,870,712
10,153,666
329,348,326
40,693,631
3,608,373
INDEPENDENT SCHOOL DISTRICT NO. 196
Net Assets by Component
Last Eight Fiscal Years
(Accrual Basis of Accounting)
Fiscal Year
Governmental activities
Invested in capital assets, net of related debt
Restricted for
Capital asset acquisition
Debt service
Other purposes
Unrestricted
Total governmental activities net assets
2002
2003
2004
2005
2006
2007
2008
2009
$ 41,886,091
$ 53,778,146
$ 60,179,849
$ 69,433,592
$ 81,835,420
$ 95,458,965
$ 103,319,797
$ 111,989,021
7,270,705
6,047,853
4,403,895
15,045,425
6,974,721
3,710,929
3,962,571
20,020,814
7,128,586
4,488,084
3,596,835
19,431,727
5,968,529
3,286,123
4,143,352
12,972,575
7,674,309
2,587,629
2,714,168
6,827,933
5,684,074
4,362,373
2,971,469
10,897,111
7,405,149
6,135,754
3,818,417
27,241,919
3,801,856
6,606,010
4,289,513
26,636,430
$ 74,653,969
$ 88,447,181
$ 94,825,081
$ 95,804,171
$ 101,639,459
$ 119,373,992
$ 147,921,036
$ 153,322,830
Note: The District implemented GASB Statement No. 34 in fiscal 2002. This information is not available for previous fiscal years.
Pages 112 and 113
INDEPENDENT SCHOOL DISTRICT NO. 196
Changes in Net Assets
Last Eight Fiscal Years
(Accrual Basis of Accounting)
Fiscal Year
Governmental activities
Expenses
Administration
District support services
Elementary and secondary
regular instruction
Vocational education instruction
Special education instruction
Instructional support services
Pupil support services
Sites and buildings
Fiscal and other fixed cost programs
Food service
Community service
Unallocated depreciation
Interest and fiscal charges on debt
Total expenses
Program revenues
Charges for services
Operating grants and contributions
Capital grants and contributions
Total program revenues
Net (expense) revenue
General revenues
Taxes
Property taxes, levied for general purposes
Property taxes, levied for community service
Property taxes, levied for facility
improvements
Property taxes, levied for debt service
General grants and aids
Other general revenues
Investment earnings
Total general revenues
Change in net assets
Note:
2002
2003
2004
2005
2006
2007
2008
2009
$ 8,701,357
7,240,046
$ 9,835,546
8,627,590
$ 9,023,422
9,090,491
$ 8,968,491
7,360,345
$ 10,283,117
7,023,583
$ 9,484,268
7,633,812
$ 10,572,073
8,012,405
$ 10,676,349
7,231,136
105,472,893
2,743,895
28,849,248
9,978,402
13,469,152
22,014,327
525,633
8,120,680
6,230,120
6,955,715
10,891,286
231,192,754
112,527,018
2,941,920
36,312,321
9,885,838
15,940,952
19,018,428
673,507
8,529,346
6,515,994
7,173,431
10,407,709
248,389,600
117,529,564
3,317,329
36,873,401
11,339,355
16,423,852
19,794,294
651,645
9,247,290
6,354,611
7,358,717
9,560,956
256,564,927
120,450,092
3,069,387
44,705,910
10,759,944
17,298,222
21,967,112
749,823
9,374,977
5,937,810
7,484,115
9,185,031
267,311,259
126,937,537
3,008,206
46,657,304
11,457,813
18,465,033
20,981,875
755,136
9,686,879
6,861,761
7,727,307
9,661,153
279,506,704
132,937,600
3,140,928
51,392,350
12,831,921
19,048,297
23,362,778
698,075
9,784,347
7,612,062
7,888,195
8,682,186
294,496,819
140,899,720
3,498,530
52,071,654
16,520,831
20,173,827
24,115,360
420,089
10,328,031
8,184,218
8,498,619
7,962,893
311,258,250
139,395,913
4,379,357
52,646,589
17,746,580
22,449,912
32,544,041
551,497
10,634,039
8,999,897
8,822,145
6,927,751
323,005,206
12,993,019
25,253,389
4,677,609
42,924,017
13,861,582
29,911,982
380,419
44,153,983
14,639,755
30,454,788
114,198
45,208,741
15,199,707
32,257,806
64,745
47,522,258
16,427,579
36,220,285
103,954
52,751,818
16,947,235
35,893,518
139,640
52,980,393
17,853,460
42,921,499
17,710
60,792,669
18,275,291
43,753,262
68,959
62,097,512
(188,268,737)
(204,235,617)
(211,356,186)
(219,789,001)
(226,754,886)
(241,516,426)
(250,465,581)
(260,907,694)
41,187,343
1,275,311
22,729,126
1,236,554
35,724,669
1,348,139
21,910,160
1,590,944
13,315,999
815,744
42,180,245
1,633,165
46,474,687
1,641,337
48,799,954
1,382,457
4,253,749
17,372,047
128,820,035
463,877
3,336,590
196,708,952
4,961,214
14,989,869
171,358,179
169,473
2,584,414
218,028,829
5,127,985
16,031,296
157,332,041
105,923
2,064,033
217,734,086
7,672,625
15,813,739
170,583,278
430,208
2,767,137
220,768,091
6,805,943
18,393,234
187,194,406
1,716,786
4,348,062
232,590,174
8,503,194
21,941,662
178,683,239
1,529,616
4,779,838
259,250,959
6,728,396
20,077,143
186,584,417
1,732,845
4,335,798
267,574,623
6,176,945
17,711,200
187,486,449
2,163,797
2,588,686
266,309,488
$ 8,440,215
$ 13,793,212
$ 6,377,900
$
$ 5,835,288
$ 17,734,533
$ 17,109,042
979,090
The District implemented GASB Statement No. 34 in fiscal 2002. This information is not available for previous fiscal years.
Pages 114 and 115
$
5,401,794
INDEPENDENT SCHOOL DISTRICT NO. 196
Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
Fiscal Year
General Fund
Reserved
Unreserved
Total General Fund
All other governmental funds
Reserved
Unreserved, reported in
Special revenue funds
Capital Projects – Building Construction Fund
Debt Service Fund
Total all other governmental funds
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
$ 2,695,051
12,869,025
$ 6,181,631
26,477,494
$ 8,993,143
31,284,900
$ 8,126,549
39,561,620
$ 9,173,445
38,611,262
$ 8,792,607
29,195,535
$ 8,325,259
21,909,176
$ 6,541,509
26,868,617
$ 6,554,348
34,285,964
$ 3,620,075
36,048,482
$ 15,564,076
$ 32,659,125
$ 40,278,043
$ 47,688,169
$ 47,784,707
$ 37,988,142
$ 30,234,435
$ 33,410,126
$ 40,840,312
$ 39,668,557
$ 27,426,910
$ 43,260,007
$ 43,436,083
$ 35,725,646
$ 17,444,442
$ 44,163,808
$ 24,097,996
$ 16,141,199
$ 11,476,258
$ 5,870,499
1,439,066
–
5,682,445
1,927,249
–
7,350,087
2,253,820
–
7,705,342
$ 23,262,710
$ 20,753,594
$ 15,829,661
1,016,665
2,602,460
7,066,259
$ 38,112,294
1,346,998
(747,980)
6,366,328
$ 50,225,353
1,814,477
(874,876)
6,251,887
$ 50,627,571
1,973,399
(995,964)
4,692,737
$ 41,395,818
1,948,741
(1,626,265)
4,388,850
$ 22,155,768
Pages 116 and 117
1,943,576
(1,340,420)
3,592,026
$ 48,358,990
1,286,659
(418,812)
4,056,330
$ 29,022,173
INDEPENDENT SCHOOL DISTRICT NO. 196
Changes in Fund Balances of Governmental Funds
Last Ten Fiscal Years
(Modified Accrual Basis of Accounting)
Fiscal Year
2000
Revenues
Local sources
Taxes
Investment earnings
Other
State sources
Federal sources
Total revenues
Expenditures
Current
Administration
District support services
Elementary and secondary
regular instruction
Vocational education instruction
Special education instruction
Instructional support services
Pupil support services
Sites and buildings
Fiscal and other fixed cost programs
Food service
Community service
Capital outlay
Debt service
Principal
Interest and fiscal charges
Total expenditures
Excess of revenues over (under) expenditures
Other financing sources (uses)
Transfers in
Transfers out
Refunding debt issued
Bonds issued
Premium on bonds issued
Discount on bonds issued
Payments to refunded bond escrow agent
Capital leases and other loans
Sales of capital assets
Total other financing sources (uses)
Net change in fund balances
Debt service as a percentage of noncapital
expenditures
$
55,878,344
3,921,997
12,170,877
127,653,557
4,094,494
203,719,269
2001
$
56,491,107
4,046,169
14,427,807
144,650,443
5,359,149
224,974,675
2002
$
2003
64,028,857
3,368,182
15,109,674
146,382,729
6,430,185
235,319,627
$
44,021,242
2,584,667
17,082,029
191,719,928
6,882,263
262,290,129
2004
$
59,083,626
2,064,033
17,138,848
176,093,759
8,646,091
263,026,357
2005
$
46,953,129
2,767,137
17,376,867
191,893,914
9,263,885
268,254,932
2006
$
39,377,763
4,133,353
19,987,729
212,166,538
9,508,742
285,174,125
2007
$
74,065,528
4,525,997
20,512,946
202,416,935
10,263,367
311,784,773
2008
$
74,697,557
3,961,904
21,182,866
216,030,229
11,896,836
327,769,392
2009
$
73,939,516
1,602,779
22,093,951
217,577,040
12,076,767
327,290,053
8,245,235
6,472,834
8,147,570
6,857,812
7,967,812
7,268,490
9,639,664
8,568,603
9,735,101
8,985,685
9,764,833
7,328,083
9,930,846
6,986,387
9,647,124
7,570,746
10,293,805
8,012,337
12,296,918
8,517,040
91,133,730
2,836,447
23,219,835
8,182,572
12,760,610
18,022,122
349,816
6,736,590
5,018,356
3,510,624
91,943,636
2,541,187
25,382,961
8,919,097
12,905,531
16,675,027
486,249
7,818,529
5,771,793
3,791,811
100,497,328
2,744,907
28,810,111
9,858,756
13,109,586
16,756,694
525,633
7,917,466
6,167,148
4,683,293
112,501,071
2,946,866
33,519,406
9,929,903
19,198,576
18,202,750
673,507
7,938,974
6,477,815
6,037,107
117,910,661
2,947,151
37,931,352
10,371,610
15,410,207
18,145,873
651,645
8,697,590
5,956,082
6,838,507
123,554,056
3,145,684
43,817,566
11,045,046
17,524,847
17,865,811
749,823
8,976,737
5,910,474
19,373,009
128,580,799
3,063,062
46,752,194
11,538,175
19,163,704
20,399,004
755,136
9,622,671
6,874,186
36,743,734
132,069,330
3,136,167
50,942,815
12,745,304
19,406,860
19,173,883
698,075
9,932,991
7,591,026
17,303,531
138,688,332
3,501,957
52,056,253
16,489,090
19,977,362
25,540,858
420,089
10,153,258
8,125,587
11,970,869
163971417
4,694,936
59,789,980
19,064,240
23,322,712
24,250,273
551,497
11,239,092
9,749,495
7,845,072
14,941,929
8,491,090
209,921,790
13,162,666
7,214,765
211,618,634
14,161,141
7,085,656
227,554,021
14,969,657
6,530,644
257,134,543
15,468,091
5,345,614
264,395,169
15,487,305
4,866,574
289,409,848
16,990,392
5,960,809
323,361,099
18,976,990
5,196,882
314,391,724
17,269,095
4,625,339
327,124,231
(6,202,521)
13,356,041
7,765,606
5,155,586
(21,154,916)
(38,186,974)
(2,606,951)
33,488
(33,488)
–
8,560,000
–
(111,485)
(18,500,000)
2,322,309
–
(7,729,176)
–
–
14,960,000
–
877,067
–
–
–
15,000
15,852,067
–
–
–
–
–
–
–
188,923
66,607
255,530
–
–
–
37,500,000
61,573
–
–
–
–
37,561,573
–
–
3,885,000
20,125,000
584,157
–
(15,225,000)
1,719,548
7,745
11,096,450
–
–
3,958,369
–
–
–
(3,944,519)
–
9,329
23,179
16,406,657
$ (27,090,524)
$ (13,931,697)
11.4%
$
29,208,108
9.8%
$
8,021,136
9.5%
(1,368,812)
–
–
–
–
–
–
(7,300,000)
–
322,787
(6,977,213)
$
(1,821,627)
8.6%
Pages 118 and 119
–
–
–
–
–
–
–
82,500
17,800
100,300
$
(1,268,512)
8.1%
$
7.5%
8.0%
$
(2,583,772)
8.1%
17,486,403
4,459,336
367,238,411
645,161
(39,948,358)
6,766,236
(6,766,236)
11,085,000
–
474,801
–
(11,570,000)
4,280,000
6,108
4,275,909
$
4,921,070
6.9%
6,631,231
(6,631,231)
–
37,440,000
141,283
–
(3,835,000)
–
106,387
33,852,670
$
(6,095,688)
6.1%
INDEPENDENT SCHOOL DISTRICT NO. 196
Tax Capacity and Estimated Market Value of Property
Last Ten Fiscal Years
Tax Collection
Calendar Year
2000
Real and
Personal Property
$
113,625,096
Fiscal Disparities
Contribution
Tax Increment
$
$
(11,526,433)
Tax Capacity (1)
Tax Rate Determining
Value Subtotal
Percent
Increase
(Decrease)
Amount
(1,851,952)
$ 100,246,711
8.9
%
Fiscal Disparities
Distribution
Total Tax Capacity
$
$
12,273,874
Referendum Market Value
Percent
Increase
Amount
112,520,585
$ 6,867,240,180
7.9
2001
128,484,348
(12,944,668)
(2,191,796)
113,347,884
13.1
14,234,488
127,582,372
7,696,953,500
12.1
2002
101,001,224
(8,591,686)
(1,962,042)
90,447,496
(20.2)
9,836,660
100,284,156
8,577,944,050
11.4
2003
112,267,754
(9,212,942)
(2,266,855)
100,787,957
11.4
10,989,543
111,777,500
9,694,132,900
13.0
2004
125,394,699
(9,898,525)
(2,612,232)
112,883,942
12.0
12,185,113
125,069,055
10,980,308,400
13.3
2005
141,164,544
(10,765,722)
(3,048,762)
127,350,060
12.8
12,716,437
140,066,497
12,442,495,600
13.3
2006
158,106,311
(11,366,546)
(3,659,382)
143,080,383
12.4
13,616,888
156,697,271
13,957,795,062
12.2
2007
172,644,203
(12,302,917)
(4,263,378)
156,077,908
9.1
15,169,829
171,247,737
15,169,386,575
8.7
2008
179,462,003
(13,972,061)
(4,549,883)
160,940,059
3.1
17,418,603
178,358,662
15,685,495,575
3.4
2009
179,552,596
(15,030,692)
(4,604,255)
159,917,649
(0.6)
20,392,039
180,309,688
15,593,464,050
(0.6)
(1)
Tax capacity is calculated by applying class rates (for specific property classifications such as residential, commercial, etc.) to the assessed market value. Class rates are periodically changed by the state.
Source:
Dakota County Department of Property Tax and Public Records
Pages 122 and 123
%
INDEPENDENT SCHOOL DISTRICT NO. 196
Property Tax Rates
Direct and Overlapping (1) Governments
Last Ten Fiscal Years
Rate
Year
Collectible
Independent School District No. 196
Community
Debt
Service Special
General Fund
Service Fund
Revenue Fund
Overlapping Rates, Municipalities, and Townships
Total
Apple Valley
Burnsville
Coates
Eagan
Inver Grove
Heights
Tax capacity rate
Market value rate
2000
2000
38.129 %
0.120
0.999 %
–
14.103 %
–
53.231 %
0.120
29.019 %
–
29.075 %
–
22.560 %
–
24.458 %
–
25.215 %
–
Tax capacity rate
Market value rate
2001
2001
38.673
0.006
0.997
–
13.579
–
53.249
0.006
31.320
–
29.204
–
23.929
–
24.322
–
25.098
–
Tax capacity rate
Market value rate
2002
2002
11.947
0.179
1.292
–
15.644
–
28.883
0.179
45.942
–
29.204
–
28.405
–
33.043
–
44.637
–
Tax capacity rate
Market value rate
2003
2003
10.962
0.161
1.293
–
15.383
–
27.638
0.161
41.578
–
41.074
–
25.287
–
29.912
0.020
40.890
–
Tax capacity rate
Market value rate
2004
2004
11.377
0.140
1.293
–
15.383
–
26.074
0.140
39.610
0.014
38.928
–
23.476
–
28.702
0.019
39.904
–
Tax capacity rate
Market value rate
2005
2005
11.177
0.109
1.210
–
13.864
–
26.251
0.109
36.753
0.109
38.004
–
19.117
–
28.186
0.019
37.347
–
Tax capacity rate
Market value rate
2006
2006
11.780
0.224
1.095
–
14.679
–
27.554
0.224
35.690
0.018
35.414
–
17.908
–
28.293
0.017
37.654
–
Tax capacity rate
Market value rate
2007
2007
10.623
0.208
0.944
–
12.040
–
23.607
0.208
34.891
0.017
34.564
–
16.971
–
25.232
0.016
36.514
–
Tax capacity rate
Market value rate
2008
2008
10.146
0.213
0.793
–
10.197
–
21.136
0.213
35.537
0.017
35.005
–
15.252
–
25.892
0.015
37.403
–
Tax capacity rate
Market value rate
2009
2009
10.287
0.210
0.928
–
9.894
–
21.109
0.210
37.086
0.031
36.121
–
13.587
–
26.886
0.015
37.878
–
(1)
Overlapping rates are those of local and county governments that apply to property owners within the District. Not all overlapping rates apply to all the District’s property owners (e.g., the rates for special districts
apply only to the proportion of the District’s property owners whose property is located within the geographic boundaries of the special district).
(2)
The miscellaneous other levy includes the Metropolitan Council, Mosquito Abatement, Transit District, CDA, HRA, and Light Rail. These miscellaneous levies vary slightly between municipalities.
Source: Dakota County Department of Property and Public Records
(continued)
Pages 124 and 125
INDEPENDENT SCHOOL DISTRICT NO. 196
Property Tax Rates
Direct and Overlapping (1) Governments (continued)
Last Ten Fiscal Years
Overlapping Rates, Municipalities, and Townships (continued)
Rate
Year
Collectible
Lakeville
Rosemount
Empire
Township
Vermillion
Township
Total Direct and Overlapping Rates
Dakota County
Miscellaneous
Other (2)
Apple Valley
Resident
Eagan Resident
Rosemount
Resident
Tax capacity rate
Market value rate
2000
2000
19.466 %
–
39.335 %
–
29.121 %
–
14.614 %
–
27.247 %
–
4.103 %
–
113.627 %
–
109.066 %
–
123.943 %
–
Tax capacity rate
Market value rate
2001
2001
20.079
–
36.553
–
34.230
–
14.587
–
25.320
–
3.941
–
113.830
–
106.832
–
119.063
–
Tax capacity rate
Market value rate
2002
2002
34.545
–
59.549
–
38.108
–
21.329
–
33.102
–
5.021
–
112.948
–
100.049
–
126.555
–
Tax capacity rate
Market value rate
2003
2003
32.944
0.009
51.123
–
32.463
–
18.299
–
32.463
0.009
5.225
–
106.904
–
95.238
–
122.449
–
Tax capacity rate
Market value rate
2004
2004
30.050
0.007
52.368
–
30.439
–
16.449
–
30.300
0.008
4.925
–
101.112
–
90.001
–
113.870
–
Tax capacity rate
Market value rate
2005
2005
31.326
0.006
46.041
0.010
29.553
–
14.339
–
27.754
0.007
5.729
–
96.487
–
87.611
–
105.775
–
Tax capacity rate
Market value rate
2006
2006
31.610
0.008
43.755
0.008
24.473
–
12.468
–
26.318
0.006
5.344
–
94.818
–
85.192
–
102.883
–
Tax capacity rate
Market value rate
2007
2007
31.583
0.007
42.521
0.007
28.244
–
11.052
–
25.127
0.005
5.116
–
88.741
0.231
79.082
0.229
96.371
0.220
Tax capacity rate
Market value rate
2008
2008
34.195
0.007
42.440
0.006
25.452
–
17.820
–
25.184
0.005
4.393
–
86.250
0.235
76.605
0.233
93.153
0.224
Tax capacity rate
Market value rate
2009
2009
33.973
0.007
42.323
0.006
26.113
–
17.147
–
25.821
–
4.328
–
88.344
0.241
78.144
0.225
93.581
0.216
Pages 126 and 127
INDEPENDENT SCHOOL DISTRICT NO. 196
Ratios of Outstanding Debt by Type
Last Ten Fiscal Years
Fiscal Year
General
Obligation Bonds
2000
$ 118,657,464
2001
161,875,000
70,200,000
2,480,000
2002
159,490,000
59,675,000
2003
147,295,000
2004
Refunding Bonds
$
64,325,000
Capital Notes
$
2,890,000
State
Energy Loans
$
245,497
Capital Leases
$
Total
14,992,014
$ 201,109,975
196,398
14,413,447
2,070,000
336,221
50,855,000
1,705,000
119,315,000
46,820,000
2005
144,130,000
2006
Percentage
of Personal
Income (1)
Per Capita (1)
0.02 %
1,584
249,164,845
0.02
1,889
13,621,406
235,192,627
0.02
1,735
230,132
12,837,838
212,922,970
0.01
1,530
1,395,000
124,043
12,008,336
179,662,379
0.01
1,266
40,970,000
1,155,000
17,954
11,127,120
197,400,074
0.01
1,357
139,310,000
39,175,000
945,000
15,389
11,468,841
190,914,230
0.01
1,302
2007
127,595,000
33,480,000
750,000
12,824
10,225,985
172,063,809
N/A
1,170
2008
115,215,000
29,730,000
560,000
10,259
13,074,455
158,589,714
N/A
1,073
2009
136,185,000
27,655,000
385,000
7,694
10,475,617
174,708,311
N/A
1,162
N/A – Not Available
(1)
See the Schedule of Demographic and Economic Statistics on page 136 for Dakota County personal income and the District’s population data.
Note:
Details regarding the District’s outstanding debt can be found in the notes to basic financial statements.
Pages 130 and 131
INDEPENDENT SCHOOL DISTRICT NO. 196
Legal Debt Margin Information
Last Ten Fiscal Years
2000
Debt limit
$
Total net debt applicable to limit
as a percentage of debt limit
$
153,489,544
Total net debt applicable to limit
Legal debt margin
769,695,350
2001
$
616,205,806
19.94%
857,794,405
2002
$
187,088,301
$
670,706,104
21.81%
$
Fiscal Year
2003
2004
2005
2006
2007
2008
2009
969,413,290
$ 1,647,046,260
$ 1,866,374,340
$ 2,093,669,259
$ 2,275,407,986
$ 2,352,824,336
$ 2,339,019,608
$ 2,196,363,555
173,922,466
161,574,585
147,580,338
167,181,975
171,405,883
152,240,600
134,252,908
156,517,363
795,490,824
$ 1,485,471,675
$ 1,718,794,002
$ 1,926,487,284
$ 2,104,002,103
$ 2,200,583,736
$ 2,204,766,700
$ 2,039,846,192
17.94%
9.81%
7.91%
7.99%
7.53%
6.47%
5.74%
7.13%
Legal Debt Margin Calculation for Fiscal Year 2009
Estimated market value – 2009
Debt limit (15% of market value)
Debt applicable to limit
General obligation bonds and capital notes
Less amount set aside for repayment of
general obligation debt
Total net debt applicable to limit
Legal debt margin
Note:
$14,642,423,700
2,196,363,555
164,225,000
(7,707,637)
156,517,363
$ 2,039,846,192
Under state finance law, the District’s outstanding general obligation debt should not exceed 15 percent of total market property value. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for
the repayment of general obligation bonds.
Source: Dakota County Department of Property Tax and Public Records
Pages 134 and 135
INDEPENDENT SCHOOL DISTRICT NO. 196
Principal Employers
by Major Municipalities in the District
Current Year and 2006
2008
Employer
Employees
2006
Rank
Dakota County
4,000
850
260
250
145
140
90
75
55
50
2
10
16
17
22
23
27
28
29
30
Apple Valley
ISD No. 196
Dakota County
Fischer Sand & Aggregate Company
NWA Federal Credit Union
Uponor Wirsbo Company
City of Apple Valley
Apple Valley Ford
Wal-Mart
Apple Valley Medical Center
Minnesota Zoological Gardens
1,913
349
295
217
204
178
155
135
120
120
5
14
15
18
19
20
21
24
25
25
Eagan
West Group
Blue Cross & Blue Shield
Northwest Airlines
Lockheed Martin Tactical Defense
U.S. Postal Service
United Parcel Service
Coca-Cola Bottling
Ecolab Research Facility
Wells Fargo Mortgage
Prime Therapeutics
6,000
3,300
2,300
1,600
1,570
1,435
900
700
700
550
1
3
4
6
7
8
9
11
11
13
Note:
Percentage
of Total
Dakota County
Employment
398,177
Rosemount
ISD No. 196
Flint Hills Resources
Cannon Equipment
Dakota County Technical College
Spectro Alloys Corporation
Webb Properties, LLC
Greif Brothers Corporation
Wayne Transportation
Astro Plastics
Endres Processing, LLC
Total
City
Population
Percentage
of Total City
Population
Employment
Rank
Rosemount
ISD No. 196
Flint Hills Resources
Cannon Equipment
Dakota County Technical College
Spectro Alloys Corporation
Webb Properties, LLC
Greif Brothers Corporation
Wayne Transportation
Astro Plastics
Endres Processing, LLC
4,000
850
260
250
145
140
90
75
55
50
2
10
16
17
22
23
27
28
29
30
3.87
0.71
0.60
0.44
0.41
0.36
0.31
0.27
0.24
0.24
0.48
0.09
0.07
0.05
0.05
0.04
0.04
0.03
0.03
0.03
Apple Valley
ISD No. 196
Dakota County
Fischer Sand & Aggregate Company
NWA Federal Credit Union
Uponor Wirsbo Company
City of Apple Valley
Apple Valley Ford
Wal-Mart
Apple Valley Medical Center
Minnesota Zoological Gardens
1,913
349
295
217
204
178
155
135
120
120
5
14
15
18
19
20
21
24
25
25
8.94
4.92
3.43
2.38
2.34
2.14
1.34
1.04
1.04
0.82
1.51
0.83
0.58
0.40
0.39
0.36
0.23
0.18
0.18
0.14
Eagan
West Group
Blue Cross & Blue Shield
Northwest Airlines
Lockheed Martin Tactical Defense
U.S. Postal Service
United Parcel Service
Coca-Cola Bottling
Ecolab Research Facility
Wells Fargo Mortgage
Prime Therapeutics
6,000
3,300
2,300
1,600
1,570
1,435
900
700
700
550
1
3
4
6
7
8
9
11
11
13
49,456
67,106
20.84 %
7.20 %
Total
Information for years prior to 2006 is not readily available.
Source: Minnesota Department of Employment and Economic Development
Pages 138 and 139
City
Population
Percentage
of Total
Dakota County
Employment
224,077
1.00 %
0.21
0.07
0.06
0.04
0.04
0.02
0.02
0.01
0.01
19.12 %
4.06
1.24
1.20
0.69
0.67
0.43
0.36
0.26
0.24
137,479
Employees
Dakota County
20,917
28,656
Employer
Percentage
of Total City
Population
Employment
17,740
22.55 %
4.79
1.47
1.41
0.82
0.79
0.51
0.42
0.31
0.28
1.79 %
0.38
0.12
0.11
0.06
0.06
0.04
0.03
0.02
0.02
48,875
3.91
0.71
0.60
0.44
0.42
0.36
0.32
0.28
0.25
0.25
0.85
0.16
0.13
0.10
0.09
0.08
0.07
0.06
0.05
0.05
9.12
5.02
3.50
2.43
2.39
2.18
1.37
1.06
1.06
0.84
2.68
1.47
1.03
0.71
0.70
0.64
0.40
0.31
0.31
0.25
65,764
28,656
132,379
21.65 %
12.79 %
INDEPENDENT SCHOOL DISTRICT NO. 196
Employees by Classification
Last Ten Fiscal Years
Fiscal Year
2000
Administrators/principals (1)
Supervisors/special staff
Teachers/nurses
Clerical
Building chiefs and custodians
Food service
Truck drivers/mechanics/bus driver
Non-licensed specialists
Total
2001
2002
2003
2004
2005
2006
2007
2008
2009
98
52
2,307
747
189
154
246
24
90
54
2,257
762
185
129
230
35
91
53
2,458
838
184
163
208
24
90
53
2,549
923
211
176
222
34
93
55
2,535
916
194
166
244
33
91
57
2,366
903
182
167
247
35
94
58
2,685
1,101
208
201
271
32
99
60
2,351
1,052
228
209
270
42
103
64
3,002
1,165
261
248
297
45
112
69
3,013
1,112
255
248
322
56
3,817
3,742
4,019
4,258
4,236
4,048
4,650
4,311
5,185
5,187
(1)
District office cabinet, principals, secondary school building assistant principals, and principals on special assignment.
Note:
This schedule is a headcount based on assignment – if an employee has multiple assignments, they are reflected multiple times.
Source: ISD No. 196 – Human Resources Department – Query of the HRPAY system
Pages 140 and 141
INDEPENDENT SCHOOL DISTRICT NO. 196
Operating Indicators
Standardized Testing and Graduation Rates
Last Seven Fiscal Years
2003
2004
Fiscal Year
2006
2005
2007
2008
2009
Standardized tests
MAT7 reading (1)
Grade 3
Grade 5
Grade 8
MAT7 math (1)
Grade 3
Grade 5
Grade 8
MCA-II reading (2)
Grade 3
Grade 4
Grade 5
Grade 6
Grade 7
Grade 8
Grade 10
MCA-II math (2)
Grade 3
Grade 4
Grade 5
Grade 6
Grade 7
Grade 8
Grade 11
ACT
Average composite score
National Merit Scholars
Commended
Finalists and semifinalists
Attendance percentages (3)
Kindergarten
1st grade
2nd grade
3rd grade
4th grade
5th grade
6th grade
7th grade
8th grade
9th grade
10th grade
11th grade
12th grade
All grades
Graduation data
District graduation rates
State graduation rate
83 %
86
84
– %
–
–
– %
–
–
– %
–
–
– %
–
–
– %
–
–
– %
–
–
84 %
92
89
– %
–
–
– %
–
–
– %
–
–
– %
–
–
– %
–
–
– %
–
–
81 %
–
87
–
–
–
93
80 %
–
84
–
80
–
89
87 %
–
90
–
83
–
90
89 %
86
86
82
74
75
78
86 %
81
83
71
77
71
74
85 %
79
84
76
72
76
82
86 %
82
81
80
74
74
85
80 %
–
84
–
–
–
90
82 %
–
85
–
80
–
83
88 %
–
91
–
84
–
83
86 %
80
69
67
63
64
44
87 %
83
75
70
70
61
49
90 %
81
80
71
64
65
46
91 %
85
77
70
69
62
57
22.9
23.5
23.4
23.3
23.8
23.8
23.9
20
15
39
19
40
19
27
15
33
15
33
19
26
14
95.93 %
96.29
96.32
96.39
96.31
96.32
95.91
95.73
95.26
95.74
95.00
93.44
91.20
96.40 %
96.69
96.81
96.90
96.80
96.75
96.38
95.81
95.71
95.81
95.26
94.27
92.47
96.03 %
96.34
96.37
96.62
96.52
96.42
96.16
95.85
95.40
95.90
95.08
93.91
92.05
95.68 %
96.28
96.61
96.57
96.57
96.50
96.06
95.74
95.43
95.80
95.24
94.10
92.47
96.00 %
96.30
96.50
96.70
96.50
96.60
96.30
96.10
95.60
95.70
94.70
94.30
91.80
96.20 %
96.30
96.60
96.60
96.60
96.50
96.40
96.00
95.90
95.90
95.10
94.00
90.40
96.30 %
96.20
96.40
96.60
96.60
96.40
96.20
95.90
95.70
96.00
95.10
94.60
90.70
95.38 %
95.83 %
95.57 %
95.61 %
94.60 %
94.50 %
95.59 %
96 %
88 %
97 %
89 %
96 %
90 %
94 %
91 %
95 %
N/A
95 %
N/A
95 %
N/A
N/A – Not Available
(1)
Percent of students scoring at or above
(2)
Percent of students scoring at or above proficiency on the Minnesota Comprehensive Assessments (MCA); MCA-II replaced MCA-I in 2006.
(3)
Attendance information for the 2006–2007 school year will not be available until February 2008.
Source: State graduation rates obtained from the Minnesota Department of Education
Standardized testing results for the District are from the “Annual Report on Curriculum, Instruction, and Student Achievement,” prepared by the ISD No. 196 Teaching and Learning Department
Pages 142 and 143
INDEPENDENT SCHOOL DISTRICT NO. 196
Capital Asset Statistics by Program and Classification
Last Eight Fiscal Years
Fiscal Year
2002
Program
Administration
District support services
Elementary and secondary
regular instruction
Vocational education
Special education
Community education
Instructional support
Transportation
Food services
Sites and buildings
Sites and buildings – unallocated
Total program
Classification
Land
Land improvements
Building
Equipment
Eligible pupil transportation vehicle
Food service equipment
Property and equipment under
capital leases
Total classification
Construction in progress
Total classification and
construction in progress
Note:
$
51,698
1,361,988
2003
$
54,297
1,408,627
2004
$
72,797
1,225,987
2005
$
66,702
1,286,791
2006
$
141,342
1,180,667
2007
$
132,142
1,227,903
2008
$
147,409
1,025,661
2009
$
179,261
1,016,096
2,560,379
40,445
30,615
49,815
257,192
6,887,381
1,501,988
–
284,237,642
2,609,729
50,926
62,952
54,756
219,572
9,147,691
1,713,485
1,155,489
286,733,845
2,391,987
81,192
84,171
46,761
183,777
8,867,002
1,706,012
1,327,231
289,597,959
2,397,333
94,868
141,194
54,710
196,698
9,282,064
1,691,344
1,522,753
293,449,598
2,514,297
116,952
191,810
60,355
183,376
10,020,266
1,672,695
1,784,792
298,721,129
2,484,307
126,666
212,067
68,350
159,086
10,807,062
1,728,313
1,959,012
299,131,493
2,496,662
154,190
228,326
59,378
232,944
11,780,723
1,947,582
2,153,834
337,772,769
8,760,956
160,600
276,257
52,310
225,944
12,781,307
1,984,681
2,320,109
361,308,814
$ 296,979,143
$ 303,211,368
$ 305,584,875
$ 310,184,056
$ 316,587,681
$ 318,036,400
$ 357,999,478
$ 389,066,335
$
$
$
$
$
$
$
$
8,870,712
8,925,816
248,067,694
6,448,234
7,227,140
1,550,376
8,870,712
9,014,723
250,225,675
7,832,112
9,549,035
1,752,473
8,870,712
9,054,911
252,034,004
8,390,145
9,244,705
1,938,072
8,870,712
9,119,795
254,749,989
9,742,503
9,695,127
1,953,604
8,870,712
9,741,173
257,058,566
11,187,475
10,036,694
1,931,750
8,870,712
9,741,173
257,423,527
11,462,669
10,934,816
1,987,368
8,870,712
9,886,433
292,938,345
13,040,963
11,804,100
2,242,901
8,870,712
10,153,666
314,011,440
21,689,145
12,813,825
2,311,523
15,889,171
296,979,144
15,966,637
303,211,368
16,052,326
305,584,875
16,052,326
310,184,056
17,761,310
316,587,681
17,616,134
318,036,400
19,216,024
357,999,478
19,216,024
389,066,335
685,459
739,859
1,876,780
12,066,972
42,572,146
55,022,066
29,026,823
3,608,373
$ 297,664,603
$ 303,951,227
$ 307,461,655
$ 322,251,028
$ 359,159,827
$ 373,058,466
$ 387,026,301
$ 392,674,708
The District implemented GASB Statement No. 34 in fiscal 2002. This information is not available for previous fiscal years.
Source: ISD No. 196 Finance Department
Pages 144 and 145
INDEPENDENT SCHOOL DISTRICT NO. 196
Expenditures per Student (Average Daily Membership)
Last Ten Fiscal Years
Fiscal Year
2000
Administration
$
District support services
2001
292
$
2002
286
$
2003
279
$
2004
338
$
2005
345
$
2006
347
$
2007
355
$
2008
348
$
2009
374
$
450
229
241
254
300
319
261
250
273
291
312
3,228
3,231
3,518
3,942
4,184
4,393
4,599
4,769
5,044
5,999
Vocational education instruction
100
89
96
103
105
112
110
113
127
172
Special education instruction
822
892
1,009
1,175
1,346
1,558
1,672
1,839
1,893
2,187
Instructional support services
290
313
345
348
368
393
413
460
600
697
Pupil support services
452
453
459
673
547
623
685
701
727
853
Sites and buildings
638
586
587
638
644
635
730
692
929
887
12
17
18
24
23
27
27
25
15
20
Food service
239
275
277
278
309
319
344
359
369
411
Community service
178
203
216
227
211
210
246
274
296
357
Capital outlay
124
133
164
212
243
689
1,314
625
435
287
Debt service
830
716
744
753
739
724
821
873
796
803
Elementary and secondary regular instruction
Fiscal and other fixed cost programs
Total expenditures
Average daily membership
Note:
$
7,435
$
28,234
7,436
28,460
$
7,966
28,564
$
9,010
$
28,539
Includes all governmental fund expenditures.
Source: Average daily membership from Minnesota Department of Education
Pages 146 and 147
9,382
28,182
$
10,290
28,124
$
11,566
27,957
$
11,352
27,694
$
11,898
27,495
$
13,436
27,333
INDEPENDENT SCHOOL DISTRICT NO. 196
Food Service
School Lunch Program Data
Last Ten Fiscal Years
(1)
Participation
as a Percentage
of Average Daily
Attendance
Year Ended
June 30,
Average Daily
Attendance (1)
Total
Lunches
Served
2000
24,587
2,181,837
177
12,327
50.1 %
203,167
9.3 %
94,777
4.3 %
2001
24,152
2,202,257
174
14,317
59.3
196,983
7.9
99,772
4.0
2002
24,274
2,204,826
175
12,599
51.9
229,731
10.4
99,328
4.5
2003
24,322
2,278,242
175
13,019
53.5
262,370
11.5
104,774
4.6
2004
24,308
2,381,418
173
13,765
56.6
299,685
12.6
103,352
4.3
2005
24,113
2,438,240
174
14,013
58.1
338,548
13.9
119,238
4.9
2006
24,551
2,417,581
174
13,894
56.6
370,837
15.3
129,527
5.4
2007
24,212
2,513,074
174
14,443
59.7
389,665
15.5
141,518
5.6
2008
24,011
2,556,827
175
14,610
60.8
418,004
16.3
156,800
6.1
2009
23,877
2,661,364
175
15,208
63.7
445,673
16.7
167,164
6.3
Days
Average Daily
Participation
Attendance is deemed to be 95 percent of enrollment.
Source: ISD No. 196 Summary: Food Service Statistics Reports
Pages 148 and 149
Free Lunch
Number
Served
Percent
of Total
Reduced Lunch
Number
Percent
Served
of Total
INDEPENDENT SCHOOL DISTRICT NO. 196
School Facilities
as of June 30, 2009
Use
Constructed
Elementary schools
Cedar Park
Deerwood
Diamond Path
Echo Park
Glacier Hills
Greenleaf
Highland
Northview
Oak Ridge
Parkview
Pinewood
Red Pine
Rosemount
Shannon Park
Southview
Thomas Lake
Westview
Woodland
School
School
School
School
School
School
School
School
School
School
School
School
School
School
School
School
School
School
1977
1987
1970
1979
1993
1975
1986
1960
1991
1970
1990
1995
1960
1990
1967
1979
1964
1988
16.64
(3a)
40.00
16.29
15.01
30.40
(3b)
39.50
9.95
13.00
17.31
13.09
(3c)
13.50
(3d)
15.00
18.00
18.43
29
35
39
45
39
50
43
37
45
39
44
47
38
47
46
34
41
37
69,678
77,060
78,596
83,824
80,017
84,530
85,497
67,743
80,000
77,165
85,328
88,784
73,251
83,936
74,209
66,312
70,124
81,759
595
595
725
790
680
835
725
705
680
680
815
815
660
770
790
595
725
680
573.36
523.35
676.72
731.76
587.70
869.11
613.20
505.74
620.14
705.83
729.85
882.08
631.54
778.05
701.66
458.94
540.68
475.90
Middle schools
Black Hawk
Dakota Hills
Falcon Ridge
Rosemount
Scott Highlands
Valley
School
School
School
School
School
School
1994
1989
1996
1918
1979
1972
38.81
(3e)
32.46
(3c)
40.00
32.74
71
64
73
61
60
60
198,534
223,560
197,014
172,796
165,167
186,598
1,200
1,300
1,200
1,055
1,030
1,165
968.01
1,232.92
1,137.65
1,146.95
854.02
981.98
High
Hi
h schools
h l
Apple Valley
Eagan
Eastview
Rosemount
School of Environmental Studies
School
School
School
School
School
1976
1990
1997
1963
1995
80.00
94.00
54.00
120.13
12.25
83
87
97
91
53
360,104
382,970
338,242
401,989
71,171
1,990
2,040
2,015
2,015
400
2,009.46
2,337.26
2,189.02
2,033.90
–
School
School
Special/Early Child Education
Early Child/Adult Education
2006
1997
1995
1994
N/A
(3f)
N/A
N/A
18
26
N/A
N/A
18,420
50,338
22,939
13,744
310
160
200
N/A
301.12
69.15
227.63
29.27
Office
Office/Maintenance/Warehouse
Office
1972
1972
1989
40.00
(3f)
9.50
N/A
N/A
N/A
23,937
28,964
18,677
N/A
N/A
N/A
–
–
–
Facility
Area Learning Center and Transition Plus
Dakota Ridge
Early Childhood Learning Center
Rahncliff Learning Center
District Office
District Office Annex
District Office East
Acres
Classrooms (1)
Square Footage
Capacity
N/A – Not Available
(1)
All rooms dedicated for instructional purposes, including regular classrooms, portable classrooms, computer labs, art rooms, band/choir/music rooms, special services rooms, science rooms, F.A.C.S. rooms, and industrial technology rooms.
(2)
Enrollment is defined as the
(3)
Joint sites
(a) with Black Hawk Middle School
(b) with Scott Highlands Middle School
(c) with Rosemount High School
(d) with Valley Middle School
(e) with Eagan High School
(f) with District Office
Source: Building square footage totals are
Pages 150 and 151
Enrollment (2)