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05 March 2021

Revenue Budgeting for FY22

A FY22 Revenue Projection Model is now available. This model has the correct FY22 levy data, however it is using the FY21 Whatif. The Whatif will be updated later this spring after the legislature makes any funding changes.  The Revenue Projection Model is available on MDE’s website using this link:

If you would like assistance working on next year’s revenue budget, send Stacy, Kameron, or Wayne your FY22 pupil estimates.  We will use those pupil estimates to create a revenue budget using the Budget Workpapers in SMART Finance.

If you begin working on the FY22 Budget before the new FY22 Whatif is added to the FY22 Revenue Projection model, note the following:

  • On the Report tab, if you want to change the formula amount in cell E11 from 6567, enter your guesstimate here.  For example, if you would like a 1% increase, enter 6633 in this cell.
  • Enter FY22 ADM estimates in the FY21 edited data area.
  • Enter FY21 ADM actual/estimates in the FY20 edited data area.
  • On the User Inputs tab, enter FY21 IDEAS data on rows 41-60 until FY22 data is available.
  • On the GenEd tab, click in cell F8 and use the drop down menu to select ‘From Report Tab’.
  • Review the FY22 Compensatory revenue report from MFR on MDE’s web site and update the Basic Skills (finance 317) budget in SMART Finance if the FY22 amount is substantially different from FY21.
  • The special ed revenue estimate is from FY21.

We recommend copying the FY21 revenue budget to FY22 as a starting point.  Zero the one time FY21 Covid revenue accounts, and add any new FY22 Covid funding accounts needed.



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