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Big Lake district revises budget after enrollment gains; fund balance rises to $9.4 million
Summary
District finance staff reported enrollment growth, higher-than-expected state and federal special-education aid and stronger investment earnings, and presented a spring budget revision that raises the unassigned fund balance to $9.4 million (23% of unassigned expenditures). The board approved the financial report.
The Big Lake Public School District board approved a spring budget revision Tuesday after finance staff reported enrollment gains, updated state and federal aid estimates and stronger investment earnings.
Angie (Finance staff) told the board the district’s average daily membership is about 3,128 and that the district has seen month-to-month growth ‘‘at Liberty.’’ She said the district adjusted general-education aid and updated special-education aid earlier than usual after the state released a revised model and after receiving updated co‑op data.
The revision also reflects higher investment earnings than previously projected, Angie said, because the Federal Reserve’s…
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