Prior Lake-Savage Area Schools provides a high-quality education for students in grades E-12. Our district is known for its E-STEM curriculum, which stands for Environmental Education, Science, Technology, Engineering and Math.

District Financials

The Business Office uses reasonably conservative assumptions, projections, and budgeting practices to manage the District’s finances. For example, the reasonably conservative approach is applied to enrollment projections, state aid revenue projections, and estimates of property taxes. The District’s Long Range Financial Planning model is used to run various “what ifs” for projections to provide a range of financial information for the Finance Committee and the School Board.

Prior Lake-Savage Area Schools' Community Budget Guide

Property Tax Levy Certification

The process begins with the submission of estimated property tax levy information to the Department of Education in July. The state then produces a detailed 37-page levy document that is reviewed by the School Board for preliminary certification in September. The School Board approves the final levy certification in December.

The collection of the property tax levy occurs during the calendar year and is utilized during the upcoming school year.

2013-14 Tax Levy

2014-15 Tax Levy

2015-16 Tax Levy

2016-17 Tax Levy

Preliminary Budget

During the second half of the current school year, the District moves to the second step in the process and begins development of the preliminary budget for the next school year. A key component to the preliminary budget process is the enrollment projections completed near the end of the current school year. These projections are the basis for the budget process. The School Board must approve, by statute, a budget for the next fiscal year by the end of June. This gives the District spending authority for the upcoming school year.

2011-12 Preliminary Budget

2012-13 Preliminary Budget

2013-14 Preliminary Budget

2014-15 Preliminary Budget

2015-16 Preliminary Budget

2016-17 Preliminary Budget

District Revenue/Expenditure Budget Publication

The third step in the budgeting process happens during the late fall of the current school year. The Business Office updates the preliminary budget with revised enrollment and staff estimates and presents a Final Budget to the School Board in December. The budget is monitored throughout the year on a monthly basis.

District Revenues & Expenditures Budget 2011-12

District Revenues & Expenditures Budget 2012-13

District Revenues & Expenditures Budget 2013-14

District Revenues & Expenditures Budget 2014-15

District Revenues & Expenditures Budget 2015-16

District Revenues & Expenditures Budget 2016-17

Final Budget

Annual Financial Audit

Our finance professionals are dedicated to managing the business services of Prior Lake-Savage Area Schools in a way that contributes to the successful education of all students. With sound fiscal management and by providing the best possible educational services with the financial resources available, we enhance the learning environment for students.

2016-17 Budget Guide

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