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Finance update: levy documents posted to MDE, audit work on new GASB standard; kindergarten count near budget
Summary
District officials told the board the district's levy documents are posted to the Minnesota Department of Education site, audit work continues around new GASB 101 requirements, and preliminary kindergarten enrollment figures were provided; staff plan a September recommendation to certify a preliminary levy at the maximum allowable amount.
Prior Lake‑Savage Area Schools business services staff told the school board on Tuesday that levy certification materials are now posted on the Minnesota Department of Education website and that district and MDE staff will review outstanding items this week, including long‑term facility maintenance plan approvals.
Business services director Lisa (surname not specified in the transcript) said the district expects to recommend approval of a preliminary certified levy at the maximum allowable amount at the board’s next meeting in September to allow flexibility in case state calculations change before the December final certification. The district will finalize the levy in December after MDE confirmations, staff said.
Audit and enrollment notes - Audit: Staff said they are finalizing key audit points, particularly compliance with a new Governmental Accounting Standards Board standard (GASB 101). Work on that standard remains in progress.
- Enrollment: The district provided a snapshot of kindergarten enrollment pulled Aug. 29, reporting 533 kindergarten students at that pull. Staff characterized the current count as near budgeted levels but noted the official pupil counts will continue to adjust through the state reporting window ending Dec. 31 and are finalized later in the fall.
Why it matters: Levy certification sets the district’s tax request and influences revenue for the upcoming fiscal year. Audit work and enrollment counts directly affect budget planning and state funding calculations.
What the board decided: No votes specific to the levy, audit or enrollment update were taken at Tuesday’s meeting; staff will return with a recommendation for a preliminary certified levy and final audit documents as they become available.
