Preserving an adequate Unassigned Fund Balance is pertinent to our effectiveness in our day to day operations and our long range planning. It provides financial stability, protection of programs, and the cash flow necessary to meet our current and future obligations. According to our Board policy 714 the minimum unassigned general fund balance should be between 8-12%. With this in mind our scoring is as follows:

  • Green—8.0%-above
  • Orange—4.0–7.99%
  • Red —under 4%

Currently (FY20), we have an unassigned fund balance of $7,861,246 with annual expenditures of $83,356,885. This would calculate out to a 9.43% fund balance, which puts us in the green.


Analyzing our budget to actual costs offers us the opportunity to determine if our budget is realistic, to react to unforeseen scenarios, and to enhance our future budget process. We become better informed regarding the effects of our actions and have a clearer understanding of the effect of any future action we take. With this in mind, and on the advice of our auditor, our scoring is as follows:

  • Green—Under 2% (good)
  • Orange—2–3.5% (average)
  • Red—3.6-above (poor)

For the period ending June 30, 2020, we had actual expenditures of $83,356,888 and a budget of $81,490,030. This represents a variance of 2.29% and puts us in the orange.


Farmington Area Public Schools currently owns and actively manages ~1.66 million square feet of building space and 452 acres of property with an estimated Current Replacement Value (CRV) of ~$580 million dollars. Our facilities are a source of pride in the community and their maintenance and upkeep is of critical importance to delivering the services our community has come to expect.

There will always arise facility maintenance for which no one could have reasonably foreseen the immediate need, but even most of these situations can be planned for. Of critical significance, however, is a planful, prioritized and comprehensive approach for allocating resources to position the district to address the financial costs associated with long term facilities upkeep. To better inform our public regarding the current and future maintenance and associated funding needs, we are electing to utilize a Facility Condition Index (FCI) model paired with our current Long Term Facilities Maintenance funding stream to provide the most accurate picture of the condition of our facilities and the resources needed to maintain them at an acceptable level.

FCI = Renewal and Repair Costs / Replacement cost
It would be our current position that we adopt a 10% Sustainability Target and with that in mind you can refer to the below chart indicating our current standing as well as the projected period from FY2021-FY2035:

Total Cost Cumulative FCI - Needs Analysis

The above chart indicates ISD 192 is currently in “Good” condition with an FCI of 4%. This is exceptional for a school district and indicative of the financial support that has been provided by the community and fiscal responsibility and planning done by the district. The black line shows the projected FCI over time illustrating the need to continuously invest in maintaining our systems. The blue line indicates how we are able to partially offset these funding needs by strategically using our Long Term Facilities Maintenance dollars available to address the identified needs over time. As one can see, ISD192 should be able to maintain our FCI in the “Good” range for the next several years and stay in the “Fair” range until ~2032 with our current projections. Overall, this is very good news. Beyond 2032, the current projections would indicate we will struggle to maintain our facilities utilizing our current financial resources.


Supporting Documentation:

5 Year Report
Budget VS Actual FY20
UFARS Compliance Table FY20