MMSD financial results for 2012-13 were favorable in comparison to budget expectations. The General Fund Balance, which was budgeted to decrease by ($5.5) million to support several one-time expenditures, actually decreased by just ($1.6) million. This puts the District’s balance sheet in a stronger opening position for 2013-14. The primary reason for the favorable result was an unbudgeted revenue influx of $3.2 million from Medicaid reimbursements.
However, the Food Service Fund struggled in 2012-13, recording a net loss of $386,000 on total revenues of $10.5 million. Labor cost overages were the primary cause of the net loss. The Business Office is working closely with the Food Service department on budgetary expectations for 2013-14. Overall participation in the program decreased slightly last year.
Open enrollment results show 370 students enrolling in to MMSD from elsewhere and 1,206 MMSD residents enrolling outside of the district. The net out is -836. (Enrollment background data & District statistics)
(Last year, MMSD had 379 students enrolling in and 1,118 enrolling out, for a net out of -739.)
Much more on open enrollment here.
Suburban Districts vs. Madison, 1995-2012.
Madison School District: Private/Parochial, Open Enrollment Leave, Open Enrollment Enter, Home Based Parent Surveys (June, 2009).