The ISD 279 Business Office is responsible for compiling the district
budget, completion of the levy process, assisting with our annual financial
audit, processing payables, receivables and payroll.
The department uses conservative assumptions, projections, and budgeting
practices to manage the district's finances. For example, the conservative
approach is applied to enrollment projections, state aid revenue projections,
and estimates of property tax delinquencies and abatements.
In accordance with state law, ISD 279 has an independent audit
performed each year. ISD 279 contracts with the Independent auditing
firm MMKR & Co., P.A. to complete the audit.
ISD 279 annually submits its financial audited report to the Association
of School Business Offices International for consideration for the Certificate
of Excellence in Financial Reporting. ISD 279 received this award as
a result of its initial submission in fiscal 1989-1990 and for all subsequent
submissions on an annual basis since then. The Business Office expects to
continue to earn the recognition that accompanies the standards of accuracy
and thoroughness of the Certificate of Excellence program.
ISD 279 early implemented Governmental Accounting Standards Board (GASB)
Statement No. 34 for fiscal year 2001. ISD 279 was the first school
district in Minnesota to implement GASB 34. This statement redesigns the
financial statement presentation of school districts to more closely resemble
that of a business entity.
Annually in June, the School Board adopts a budget for the following fiscal
year for the General, Food Service, Community Service, and Debt Service Fund.
An annual budget is not adopted for the Capital Projects Ð Building Construction
Fund because project length financial plans are adopted in accordance with
bond issue authorization.
For more information, please contact:
Kim Riesgraf , Assistant Superintendent
Kelly Benusa, Director of Business Services