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District reviews long‑term facilities maintenance plan; state roofing levy authority to start in 2027
Summary
District staff briefed the board on the long‑term facilities maintenance (LTFM) 10‑year plan and revenue projections, noting the state’s new levy authority for roofing starting in fiscal 2027 and explaining differences between LTFM projections and the approved 2026 budget. Staff said the plan will return for action at the July 17 meeting.
District finance and operations staff presented a briefing on the long‑term facilities maintenance (LTFM) 10‑year plan and supporting documents required by the Minnesota Department of Education.
Key points from the briefing - Revenue methodology: The LTFM revenue projection is based on adjusted pupil units (APUs) multiplied by the statutory LTFM formula allowance ($380 per APU) and supplemented by any authorized levy authority. Staff noted the Legislature recently authorized a…
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