Fiscal Health

Hopkins Public Schools is committed to fiscal responsibility and a balanced budget. This commitment ensures that maximum resources reach our classrooms.

Budget Stability

During the last eight years, the District has built a healthy fund balance — a reserve that has helped the District weather the state aid and tax shifts that have affected all Minnesota school districts.

How is Hopkins Public Schools funded? 

1% Fees & Charges

0% Interest

4% Federal

3%
 Facilities Rental & Other

24% Property Taxes

68% State



The graph above shows the revenue
streams that funded the General Fund
(day-to-day operations) for 2016-17.

 



Consistently Recognized for Fiscal Leadership

Hopkins Public Schools has been recognized for its high level of financial accountability and transparency. Awards for fiscal excellence include:

  • A Certificate of Excellence in Financial Reporting from the Association of School Business Officials International. This is the sixth consecutive year the District has received the award. 
  • The School Finance Award from the Minnesota Department of Education. Hopkins Public Schools has received this award eight of the last nine years.
  • Hopkins has a bond rating of Aa2 from Moody's Investor Services. There are only a handful of school districts in Minnesota that have higher bond ratings than Hopkins.

 


 

How are schools in Minnesota funded?

Watch this video from the Minnesota Association of School Business Officials (MASBO).