Caledonia board adopts June budget amendment; proposes 2025–26 budget with roughly $400,000 shortfall

The Caledonia Community Schools Board of Education on June 16 adopted a final 2024–25 budget amendment and reviewed a proposed 2025–26 budget that projects a roughly $400,000 deficit.

In a presentation to the board, Mr. Reeves, the district finance presenter, said the district expects "just over $72,000,000 in revenues" and about $72,200,000 in expenses for the current fiscal year, leaving a shortfall of "just over $200,000" and an estimated fund balance of about $11,800,000, or roughly 16.4 percent. The board voted to adopt the June final budget amendment during the meeting.

The district also presented a proposed 2025–26 budget that assumes $71.5 million in revenue and $71.9 million in expenses, which Mr. Reeves described as "just over a $400,000 shortfall" that would leave an ending fund balance reported in the materials at about 11.4 percent (15.9 percent of expenditures under the corrected calculation noted by staff).

Why it matters: the district’s budget depends in part on pending state decisions. Superintendent Dirk told the board the state’s revenue estimating conference projects a 2.1 percent increase in the…