SMART Finance News You Can Use

With the enrollment fluctuations and unexpected Covid revenue, now might be a good time to review both revenue and expenditure budgets for FY22.  On the revenue side, note the following:

• Compare your current enrollment with the enrollment used to prepare the original budget. If there are material differences, use MDE’s revenue projection model to review/change the revenue budget. 
• Review/update the Covid grant accounts with latest revenue estimates. (Make sure you have expenditure accounts where the finance and course numbers match the revenue accounts)
• Add the new Special Ed Cross Subsidy aid to the regular Spec Ed Aid revenue account.
• There is an updated FY22 Revenue Projection on MDE’s web site.  Data Reports and Analytics (mn.gov)