ITEM NUMBER: 8.G.
School Board Regular Meeting
- Meeting Date:
- 04/07/2025
- Prepared By:
- Amanda Heilman
Item Type:
Subject:
Approval of 2024-2025 Revised Budgets
Background:
Approval of the revised 2024-2025 budgets will change the individual fund totals as follows, as compared to the FY 25 Preliminary Budget which was board approved in June 2024:
- General Fund Revenues from $127,454,185 to $128,391,117.
- General Fund Expenditures from $124,349,659 to $124,196,404.
- Food Service Revenues from $6,299,590 to $6,311,700.
- Food Service Expenditures from $6,836,071 to $7,228,381.
- Community Service Fund Revenues from $7,443,610 to $7,736,278.
- Community Service Fund Expenditures from $7,376,573 to $7,813,505.
- Construction Fund Revenues from $1,950,000 to $2,231,500.
- Construction Fund Expenditures from $43,958,028 to $44,151,074.
- Debt Service Revenue from $16,007,729 to $16,178,411.
- OPEB Trust Fund Revenues from $1,250,000 to $1,200,000.
- OPEB Trust Fund Expenditures from $1,425,000 to $1,505,000.
Recommended Action:
Enclosed, as a separate document, is the recommended revised 2024-2025 budget for Mankato Area Public Schools programs. This revised budget is an annual process and is recommended by the administration as a result of revised revenue projections, and a number of budget modifications which have occurred since the original budget was adopted in June of 2024. The primary drivers behind many of the changes in this Budget compared to the Preliminary Budget include: updated enrollment, capital outlay expenditures, grants and employment agreement updates. District administration recommends approval.