Welcome to the spring edition of The Advisor.
Spring always means it's time for the annual Ehlers
School Finance Seminar, and we're pleased to be offering a great
selection of timely topics that will be beneficial to you and to
the districts to whom you serve. I'd like to extend a personal
invitation for you to register and join us on Friday, April 15th.
Be sure to read about the 2012 election timelines
and property tax shifts, both of which could have an impact on your
districts.
Think Spring!
Steve Apfelbacher
President and CEO
sapfelbacher@ehlers-inc.com
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Register
Now for the 2011 Ehlers School Finance Seminar
Ehlers is hosting its annual School Finance Seminar
on Friday, April 15, 2011 at the Radisson Roseville. As in past
years, there will be two tracks with a variety of timely
topics.
Some of the key topics featured this
year include:
- Listening
to Keynote Speaker - State Education Commissioner Brenda
Cassellius, Ed. D.
- Participating
in workshops on Communication, New Accounting Standards, Tools
for Financing Capital Projects, Best Practices in School
Financial Management, Budget Reduction Strategies, and much
more
- Getting
involved in a panel discussion with Superintendents who have
"thought outside the box" and tried to creatively
deal with providing quality education with less revenue than
most districts
Are you already registered to attend? View the brochure here and click here to
register today!
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Election
Timelines Severely Curtailed for 2012
by Joel Sutter, Senior
Financial Advisor
 Because of the redistricting process that takes
place every ten years, state law will severely restrict the dates
that Minnesota school districts can hold special elections in 2012.
These restrictions will apply to elections for bond
issues and capital projects levies, as well as to operating
referendums that are conducted by mail ballot or by districts in
statutory operating debt.
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Property
Tax Shift
In 2010 the
Legislature authorized a tax shift of 48.6% for Fiscal Year
2010-11. As a result, 48.6 percent of
the property tax receipts payable in calendar year 2011 for the
general and community service funds will be recognized as revenue in
FY 2010-11 instead of FY 2011-12.
There will be a corresponding reduction to the district's FY
2010-11 state aids. This makes the change in the property tax
shift revenue neutral to school districts, but it
will cause a reduction in cash balances for districts by a total of
nearly $600 million statewide.
Click here to continue
reading.
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