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Osseo Area Schools posts positive FY25 year-end; five-year projection shows deficits ahead
Summary
District officials reported a better-than-expected fiscal year 2025 close with higher revenues and underspending in several categories, but a five‑year projection shows expenditures outpacing revenues beginning in fiscal 2026 and planned operational reductions of $5 million through 2030.
Osseo Area Schools reported a positive preliminary year‑end financial picture for fiscal year 2025 on Sept. 23, but business officials warned that long‑term projections show expenditures outpacing revenues beginning in fiscal 2026. Kelly Benussa, director of business services, presented preliminary results for the year ended June 30, 2025, and a district five‑year financial projection.
Benussa said the district’s general fund revenues exceeded budgeted amounts by about $3.5 million and that tax collections came in $383,000 higher than budget. Third‑party medical assistance billings increased collections by $548,000. On the expenditure side,…
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