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Board approves FY 2024–25 revised budget and authorizes intent to issue up to $5.5 million in capital facilities bonds
Summary
At its March 10 meeting the Wayzata board approved a revised FY 2024–25 general fund budget showing improved revenues tied to enrollment gains and authorized the intent to issue up to $5.5 million of general obligation capital facilities bonds to fund West Middle School space conversions; the bond resolution passed with one abstention.
The Wayzata Public School District Board of Education on March 10 approved a revised FY 2024–25 general fund budget and authorized the district’s intent to issue general obligation capital facilities bonds, Series 2025A, of up to $5.5 million to support planned capital work related to West Middle School.
Scott Lasage, executive director of finance and operations, said the district’s revised budget reflects recovery from pandemic‐era enrollment declines and more than $11 million in cost containment over the prior three years. “The district is trending in a positive direction,” Lasage said, and he presented two budget views: one including a Local Tax Fund Management (LTFM) adjustment and one showing the underlying general fund trend. With the LTFM adjustment the revised budget showed $2.3 million in expenditures over revenues; excluding that adjustment the district projects roughly $3.2 million in revenues over expenditures.
The board approved the revised FY 2024–25 budget by roll call. The vote was: Dan Genestra — yes; Sarah Johansson — yes; Sheila Pryor — yes; Heidi Kader — yes; Valentina Ayers — yes; Milan Sahoney — yes; Paris Bande — absent.
Lasage also presented a resolution expressing the board’s intent to issue up to $5.5 million in general obligation capital facilities bonds, series 2025A. He said the funds would support converting about 13,000 square feet of underused locker-room space at West Middle School into classrooms to accommodate enrollment growth following an attendance-area adjustment. “You’ll notice $5,500,000 on there, but it’s flexible,” Lasage said, adding that proceeds would not be issued before bids are received and that payment would be timed to minimize carrying costs.
Director Valentina Ayers moved to amend the bond resolution to remove the words “district‑wide”; the motion to amend failed for lack of a second. The board then voted on the resolution by roll call; Valentina Ayers abstained, Paris Bande was absent, and all other members voted yes. The vote resulted in approval of the resolution.
Board members said the project’s objective is to create classroom space to maintain the district’s feeder model and to meet enrollment demands. Superintendent Chase Anderson and board members noted the district will proceed to bidding and that final issuance will reflect actual bid results and a potentially smaller issuance.
The actions are procedural steps: the revised budget approval provides the district fiscal plan through June 30, 2025, and the bond resolution authorizes staff to proceed with the statutory steps necessary to issue bonds after bids and further board review.
