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Albert Lea Schools adopt final 2024-25 budget and approve preliminary 2025-26 budget with $2 million in reductions
Summary
The Albert Lea Public School District approved its final fiscal 2024-25 budget and approved a preliminary budget for fiscal 2025-26 that incorporates roughly $2 million in planned reductions and preserves a roughly 12% general-fund reserve.
Albert Lea Public School District trustees approved the district—s final fiscal year 2024-25 budget and voted to adopt a preliminary fiscal year 2025-26 budget at the board meeting, each motion passing unanimously, 5-0.
The final 2024-25 budget presented to the board showed total general-fund revenue of $60,646,002.66 and an estimated ending general-fund balance of 11.63 percent. For the preliminary 2025-26 budget the district projects a 12.18 percent general-fund balance and a notional beginning general-fund fund balance of $7,414,401 on July 1, 2025.
The budgets reflect several adjustments and assumptions the district staff highlighted as material to next year—s finances. The board heard that the district reduced expenditures by…
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