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Northfield board approves construction and budget measures as school project design advances
Summary
The Northfield Public School Board approved the 2024–25 construction fund budget and the proposed 2025–26 all-funds budget, and heard an update on building design, energy analysis and geothermal testing tied to the $39 million bond project.
The Northfield Public School Board on June 9 approved the district’s 2024–25 construction fund budget and the proposed 2025–26 budgets for all funds and heard detailed updates on project design, energy-efficiency analysis and upcoming geothermal testing tied to the district’s bond project.
Board members voted to approve the 2024–25 construction budget, which lists total income sources of $41,080,609 and projected expenditures of $1,750,000, and later approved the district’s proposed 2025–26 budgets after a correction to a beginning fund-balance calculation. Val (finance director) told the board the corrected projected ending fund balance for 2025–26 is 15.08% of the general fund, down from a previously stated 15.92%.
The…
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