Business Services oversees and provides services to the district for financial management. Business Services also produces monthly enrollment reports and budget reports to the school board.
Spring Lake Park Schools is a financially strong district. We have received the Association of School Business Officials (ASBO) International’s Certificate of Excellence in Financial Reporting award for 11 consecutive years. The award has been given to the district for having met or exceeded ASBO’s high standards for financial reporting and accountability.
Primary Roles and Responsibilities of Director of Business Services and Team
- All payroll functions
- Accounting functions including accounts payable, accounts receivable and purchasing
- Skyward database access and securities
- District budgets and UFARS coding
- Enrollment projections and student data for state reporting
- Property and liability insurance
- Buildings and Grounds; management of construction projects
- Food Service
On October 8, 2018, Spring Lake Park Schools was notified that its financial rating assigned by Moody’s Investor Service has been upgraded to an Aa2 rating from the previous Aa3 rating. Moody’s periodically reviews the financial condition of school districts and other public organizations to determine the financial health of the organization. According to Moody’s, the rating upgrade reflects the continued expansion of the district’s tax base, positive general fund operations, and maintenance of strong financial reserves.
There are 148 school districts in Minnesota that use Moody’s to determine their bond rating. Of those districts, only six have a higher rating than Spring Lake Park Schools. There are 21 districts, including Spring Lake Park, that have a Aa2 or better rating.