Submitted by admin on January 26, 2010 - 10:58pm
in
Minnesota
Holdbacks are increasing to 30% for FY 2011.
Meet uncertainty with a plan.
We can help your school.
Minnesota holdbacks are increasing from 27% in FY 2010, to 30% for FY 2011. We can help your school make a plan now. With the state budget facing a projected $5 billion shortfall in the next biennium, there is no sign of reprieve for education. Click through the tabs below to see how holdbacks will impact your school.
Minnesota Holdbacks
Our Sample School will have cash flow issues:
Situation:

• Annualized Revenue = $2.4 million ($10,000/ADM) with 200 ADM
• 30% Holdback = $720,000

Challenge:

• The school needs to cover the 30% shortfall until at least next October.
• The school needs a plan.

The Situation:
The school will face a $720,000 cash flow shortfall due to holdbacks