Minnetonka prides itself on responsible and prudent fiscal stewardship. Aggressive financial management on the part of the Board and Administration has saved taxpayers money and ensured that the 83.7% of the District’s annual operating budget is directed to the classroom to support students and instruction.
· The District’s Aaa Moody’s Bond Rating (the highest possible rating) is a testament to responsible financial management and strong fiscal oversight.
· Minnetonka's annual operating fund expenditures per student (based on average daily membership) is $9,438 for FY13. According School District Profiles published by the Minnesota Department of Education, Minnetonka's per pupil spending is below the state average for like-size districts and below the seven-county metro area average. District debt service is also below the state and metro area.
· A self-insured health insurance plan for employees is saving the District $6 million annually in insurance premiums.
· Minnetonka has earned the Energy Star Leader Award, recognition from the U.S. Environmental Protection Agency (EPA) for improving energy efficiency and as a Top Performer for achieving an average Energy Star performance score of 81 across its portfolio of all buildings. The District is one of only 211 Energy Star Leaders in the nation--across all industry sectors--since the program began in 2004.
· Minnetonka continues to focus on innovative programs and high quality staff to attract families into the District. Planned enrollment growth benefits all programs and students in the District and protects the District from budget cuts during uncertain financial times. As the District approaches the enrollment limit that has been in place for each school, other strategies will be needed for sustaining finances.
· Minnetonka is the top selected district for parent choice through Minnesota's Open Enrollment statute. More than 2,770 families elect to open enroll into Minnetonka Schools from 36 school districts in Minnesota.
· Minnetonka has taken advantage of a competitive construction climate and record-low interest rates to invest in the long-term maintenance of our buildings. All district schools and the Minnetonka Community Education Center have been renovated since 2009. The excellent condition of our buildings signals to all who enter them that the Minnetonka School District is a place where important learning and community activities occur.
· Public-private partnerships have funded exceptional fine arts and athletic facilities, allowing district funds to be focused on instructional space. Thanks to the City of Minnetonka for partnership in the Art Center on 7 at Minnetonka High School; Minnetonka Diamond Club for contributions to Veterans and Legacy Fields (baseball and softball complex); Minnetonka Youth Hockey Association for funding the Pagel Center arena; the Minnetonka Anchor Club for contributions to the Minnetonka Aquatics programs (at MME in 2009 and MMW coming in 2013); the Touchdown Club for contributions to the Tonka Dome, Einer Anderson Stadium and Veterans Field; Hennepin County Youth Sports Program for granting Tennis Courts at MME, a playground area at Groveland, artificial surface for the MHS JV baseball field, and coming in 2013 an artificial surface for the MHS soccer/lacrosse practice fields.
· Focusing on innovation in education, the Minnetonka Public Schools Foundation endows the Writing Center at MHS and funds more than $65,000 annually in innovative teacher grants. Since 1999, The Foundation has awarded close to $550,000 for grants that enhanced the curriculum in all academic subject areas, technology, fine arts, early childhood education, special education and community service.