School board approves preliminary 2025-26 budget and passes routine motions 6-0

The Rosemount-Apple Valley-Eagan School District 196 board approved its preliminary 2025-26 budget on second reading and adopted routine motions during the June 23 meeting.

Budget approval: Adam Lloyd, the district controller, presented the preliminary budget and the district recommended approval. Lloyd said the General Fund is the largest portion of the budget and provided the following figures from the presentation: the general fund revenues were reported at about $528,000,000; total budgeted expenditures across all funds were reported as $894,000,000 with the General Fund accounting for $533,000,000 of that total; the building construction fund was presented at roughly $200,000,000 in planned expenditures; and projected total fund balance at year-end was reported as $247,000,000 (with nearly $103,000,000 in the General Fund).

Motion and vote: Board Member Jackie moved to approve the 2025-26 preliminary budget on second reading; Board Member Leah seconded. The board voted 6-0 to approve the preliminary budget.

Other formal votes: the board also approved the revised meeting agenda (6-0) earlier in the meeting and approved a 24-item consent agenda (6-0). The meeting concluded with a 6-0 vote to adjourn.

Why this matters: Minnesota statute requires districts to approve a preliminary budget by June 30; the approved preliminary budget sets revenue and expenditure plans that the district will finalize in the fall and then carry into the audit process next summer.

What's next: the administration will post the budget book on the district finance website and return with a final budget and subsequent financial reports later this year.