Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves preliminary 2025–26 budget and authorizes up to 30% advance expenditures
Summary
The board approved a preliminary FY2026 budget and authorized the finance department to expend up to 30% of fund budgets before final adoption, while staff said the district will use fund balance to cover projected shortfalls pending legislative outcomes.
Richfield — The Richfield Public School District board approved a preliminary 2025–26 budget and authorized the finance department to commit up to 30% of each fund’s budget before the board adopts a final budget, citing the need to place orders and commit to contracts ahead of final adoption.
A district finance presenter told the board the preliminary general-fund revenue was $88,737,872 with proposed general-fund expenditures of $92,204,692. Across all funds, staff showed projected revenues of about $114,831,000 and expenditures of…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
