--- ## author: Jesse Sierks date: D:20171017085700-05'00' --- ## Finance Committee Meeting Tuesday, June 2, 2026 5:45 PM ## Board Assembly Room, 1250 West Broadway Avenue, Minneapolis, Minnesota 55411 ## 1) Financial Statements ## 1)a. April 2026 Financial Statements ## MonthlyFinancial ## Report September 30,2025 *Unaudited* Report ## Prepared By: Finance Division www.mpls.k12.mn.us John B. Davis Education and Service Center | 1250 W. Broadway Ave. Minneapolis, MN 55411 ## Monthly Financial ## Report April30, 2026 *Unaudited* Report ## Prepared By: Finance Division ## Prepared for: Finance Committee Page 1 of 14 ## Monthly Financial Highlights3 ## Revenue and Expenditure Summary4 ## Statement of Revenue, Expenditures, and Change ## in Fund Balance (General Fund) 5 ## General Fund Balance Sheet6 ## Fund Balance Analysis7 ## Cash Position and MSDLAF Fair Market Value8 ## Grant Awards and Expenditures9-10 ## KBEM Budget vs. Actual11 ## Board of Education Budget vs. Actual12 ## Other Government Funds13-14 ## Table of Contents Page 2 of 14 ## FoodCommunity ## GeneralServiceService ## Month Ending balance $62,083,447($2,315,969)$9,076,869 ## General$509,472,502 ## Food Service$15,856,244 ## Community Service$30,919,486 ## General$559,031,114 ## Food Service$20,110,827 ## Community Service$31,653,915 ## Expenditures Year-To-Date Totals Minneapolis Public School began the fiscal year with its unassigned fund balance slightly below the District's goal of 8%. Minneapolis Public School is projected to be in compliance at the end of this fiscal year with the District fund policy. Current fund balance is $62,083,447. District policy dictates that the unassigned portion of General Fund balance be at least 8.0%. Due to the timing of recording revenues & expenditures, fund balance fluctuates throughout the year. ## Ending Fund Balance for Operating Funds ## Month Ended April 30, 2026 General Fund expenditures during the month were $59,080,995 (YTD actuals as a % of budget totaled 76.74%). Expenditure activity in other funds are stated below: As of April 30, 2026 ## Expenditures Highlights for Operating Funds ## Monthly Finance Highlights General Fund revenue during the month was $71,658,924 (YTD actuals as a % of budget totaled 74.41%). Revenue activity in other funds are stated below: ## Revenue Highlights for Operating Funds As of April 30, 2026 ## Revenue Year-To-Date Totals ## GeneralFood Service ## Community ## Service February 26 $91,245,898$3,417,415$2,839,381 March 26 $59,564,266$1,401,696$5,940,279 April 26 $71,658,924$2,110,481$1,362,909 $0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 $90,000,000 $100,000,000 ## Past Three Months of Activity - Receipts 0.00%20.00%40.00%60.00%80.00%100.00% ## General ## Food Service ## Community Service ## YTD % of Budget Utilized ## GeneralFood Service ## Community ## Service February 26 $61,160,204$2,213,913$3,212,241 March 26 $63,520,899$2,276,994$3,56…