District 10 strives to deliver exceptional services to students while ensuring public funds are used in an efficient, responsible, and prudent manner, and to maintain trust and transparency with the community. To that end, the second goal of the district, fiscal responsibility, states "to efficiently and responsibly manage the district's fiscal resources for short-term needs and long-term stability."
To facilitate this goal, the Board of Education has established policy 4:20 “Fund Balances and Working Cash Policy”. Additionally, the Board of Education instituted a set of guiding principles and actionable steps that translate the Board’s policy wishes into measurable and actionable items to ensure district adherence to board policy.
I. Financial Review
One of the key metrics to achieving and monitoring this goal is the financial profile score annually assigned to the District by the State. Under this ranking system, it is the School Board's goal to consistently maintain the highest financial designation, Recognition.
For fiscal year 2016, the District's financial score is 3.90 out of 4.00.
The scale and label of each designation is as follows:
i. Financial Recognition is a score between 3.54 - 4.00 and is the highest category of financial strength
ii. Financial Review is a score between 3.08 - 3.53
iii. Financial Early Warning is a score between 2.62 - 3.07
iv. Financial Watch is a score between 1.00 - 2.61 and is the highest risk category
For further details regarding the financial profile please click here.
II. Revenues and Expenditures
To review the most recent audited revenue and expenditure details please click here.
III. Financial Reports
For historical fiscal year budgets click here.
Annual Financial Reports (AFR)
For historical fiscal year annual financial reports click here.
Contracts Exceeding $25,000
For further information please contact the Itasca School District 10 Administrative Center.