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Moorhead Area Public Schools approves revised FY2025 budget, highlights $5 million LTFM transfer and reduced unassigned fund balance
Summary
The school board voted to approve a revised FY2025 budget after a presentation from district finance staff outlining revenue and expenditure changes, a projected $2.5 million net increase in revenues, and a one-time $5 million transfer from LTFM that was reclassified during the FY24 audit.
The Moorhead Area Public Schools Board of Education on Feb. 10 approved a revised fiscal year 2025 budget after a presentation by district finance staff detailing revenue adjustments, expenditure changes and the district's current fund-balance position.
Cam William Bach, who presented the revised budget, told the board that the FY2025 revisions include both downward and upward adjustments across revenue lines and noted the district is also projecting through FY2026–FY2028 for planning purposes. “The highlighted column is your FY 25 revised budget,” Bach said as he walked the board through line-by-line changes.
The revision reduced projected property-tax revenue by about $200,000, shown as a levy adjustment, and cut local-source revenue by about $300,000 primarily because Medicaid (medical assistance) reimbursements were higher in FY2024 than expected. Bach also cited a drop in Medicaid reimbursement rates — “the Medicaid rates dropped from 60 to 51% after…
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