The Elk River Area School Board has approved a general fund budget for the 2012–2013 school year totaling $128,874,385. The budget does not include layoffs or elimination of significant programs or services.
The general fund budget accounts for all revenues and expenditures for overall operations of the school district. Included in the budget is administration, regular instruction, special education, transportation, normal operations and maintenance and extra-curricular activities. Executive Director of Business Services Randy Anderson and Manager of Finance Joe Primus’ plan calls for enrollment reaching 12,491 students.
The largest revenue source for the district budget comes from state revenue, projected to be $100,360,847. The balance of the budget primarily comes from local property taxes ($18,947,102) and federal revenue ($3,102,000).