2011-22 Financial Statement Trends

Revenue, expense, and other data trends taken from district’s annual financial reports from the past 11 years.  Ratios related to revenue and expense per ADM and students per teacher also included.  Finally, compound annual growth rates calculated for revenue and expense levels of 2021-22 school year versus 5 years ago and 10 years ago.

2011-22 Various Financial Analysis Stats & Charts

Graphs showing district net asset changes, gross and net capital assets growth, general fund reserve adequacy trend, revenue and expenditures per ADM trend, ADM per teacher trend, and PLSAS approximate headcount by category trend.

2017-22 Actual Enrollment vs 2017 Referendum Enrollment Forecast

Reflects a comparison of what the district forecasted for enrollment during the 2017 referendum push versus actual enrollment levels through 2022 by year.  The district served 1,287 students or 12.8% less students in 2021-22 school year versus what the district forecast to justify the 2017 referendum.

2020-21 General Fund Revenue and Expenditures per ADM Benchmarking Statistics

These files contain General Fund Revenues, Expenditures and per ADM stats for the most recent period reported on the Minnesota Department of Education (MDE) website (2020-2021 Fiscal Year).  Prior Lake-Savage Area Schools General Fund financial data is compared to the following:  (1) 10 schools of similar enrollment size in the state (~8K-9K students); (2) all districts operating in Scott County; and (3) all school districts in the state.  There is an additional file that reflects special education funding versus special education expenditures as reported by each of the school districts in the benchmark groups – to show the funding shortfalls that districts are realizing related to special education (this assumes that the school districts properly categorize revenue and expense appropriately to special education).

Staff Growth Rates vs Teacher Growth Rates

This file reflects compound annual growth rates of the number of staff positions in the district versus number of classroom teachers from 2011 through fiscal year ending 2022.

District Resignations, Terminations, Leave of Absences (LOA) and Retirements

This file reflects district resignations, terminations, LOAs and retirements summarized by type of position – Teacher, Paraprofessional, Staff/Other and Coach.  Table and charts reflect school years 2018-19, 2021-22 and 2022-23 year-to-date (through January 2023 board meeting).  2019-20 and 2020-21 school year figures not reflected in trending analysis due to impacts from Covid shutdowns.

Superintendent Base Salary Pay Benchmarking

The first file reflects Dr. Thomas’ employment contract.  The 2nd file contains a benchmarking report that compares Dr. Thomas’ base pay to other districts in the state (most information is 2021 data – most recent available from data source used.

This document describes how general fund revenue has exceed the rate of inflation since 2016.  The document also explains why our expenditures are lower when comparing PLSAS to the 7-county metro average that the school district likes to tout.  Lastly, the document briefly explains two key items in Governor Walz’s biennial budget proposal he introduced during the week of January 22nd which will increase PLSAS annual, on-going state funding by roughly $5.35 million dollars.

PLSAS Covid Funding – Updated September 2021

Table showing Covid funds used by the district and what remains to be spent – this document was prepared by the district.