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Albert Lea staff present revised FY25 budget showing $1.7M revenue gain but $2.37M higher expenditures; board to consider approval March 17
Summary
Finance staff told the school board a revised FY25 budget reflects a $1,711,576 revenue increase tied largely to higher enrollment but also $2,372,337 in expenditure increases, leaving an approximate $660,761 shortfall; the district will seek board approval of the revised budget at the March 17 regular meeting.
District finance staff presented a revised snapshot of the Albert Lea Public School District’s fiscal‑year 2025 budget at the study session and said increased enrollment has added revenue but expenditures—driven by salaries, substitutes, capital purchases and contracted food service—now exceed revenue by about $660,761, a shortfall staff said the district must manage before final adoption.
Mr. Durban, district staff member presenting the budget, told the board the district increased its average daily membership (ADM) projection by 141 students for the revised budget. “The important number here is $1,711,576,” he said, describing the increase in general education state aid tied to the additional ADM. He warned, however, that total revised expenditures rose by…
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