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Middleton trustees approve amended FY2025 budget, adopt proposed FY2026 spending plan
Summary
At a June meeting, district finance staff presented an amended FY2025 budget and a proposed FY2026 budget. Trustees approved the amended FY2025 budget and separately approved the proposed FY2026 budget. The presentation included revenue and expenditure detail, a contingency reserve, and proposed changes to meal prices.
Middleton School District trustees approved an amended fiscal year 2025 budget and adopted a proposed fiscal year 2026 budget following a public budget hearing at the district office.
The hearing opened with Alicia Krantz, district finance staff, presenting the amended FY2025 numbers and the proposed FY2026 plan. Krantz told trustees the district’s revised FY2025 general fund revenue totaled about $39.114 million and that total expenditures are projected to balance at $39.114 million, leaving a projected carryover (contingency) of roughly $1.65 million. For FY2026 the district projects total revenues near $39.999 million with salaries and benefits budgeted at about $32.677 million.
Why it matters: the budgets set staffing, program and operating levels for the coming school year and determine the district’s contingency reserves and transfer activity.
Most important details - FY2025 amended: Krantz reported the district’s salary-based apportionment…
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