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Brainerd board approves first revision to 2024-25 budget, cites $2.8 million unassigned balance
Summary
The Brainerd Public School District board approved the first revision to the 2024–25 budget, increasing the district's unassigned fund balance to about $2.8 million and noting the balance remains below state and board reserve recommendations.
Director Marcy Lord presented the Brainerd Public School District's first revision to the 2024-25 budget and the school board approved the revision by voice vote during a special meeting called under Minnesota Statutes 13D.02.
The revision updates the district's general fund with audited beginning balances and revised revenue and expense assumptions. "We're looking at about a $2,800,000 in the unassigned," Director Marcy Lord said, noting the revised unassigned fund balance is higher than the preliminary estimate of roughly $2.3 million because year-end results came in under budget.
The nut of the presentation was that the district closed the prior year with more unspent dollars than expected. Lord said several restricted lines were added in the…
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