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Board unanimously approves revised fiscal‑year 2025 budget update
Summary
The Lakeville Public School District School Board unanimously approved the district’s revised FY25 budget update on Feb. 25 after business‑office staff presented revenue and expenditure updates and fund‑balance projections.
The Lakeville Public School District School Board voted unanimously on Feb. 25 to approve the revised fiscal‑year 2025 budget update as presented by Executive Director of Business Services Bill Holmgren and the business office team.
Holmgren summarized the end‑of‑January numbers and explained revenue and expenditure changes since the prior report. He highlighted that state and local revenues were performing as expected and that the district’s general fund unassigned balance is projected to be approximately $12.9…
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