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Board approves revised budgets for nutrition, community services and debt service funds
Summary
The board approved a revised budget for non-general funds: Fund 2 (nutrition services), Fund 4 (community services) and Fund 7 (debt service). Presenters outlined fund balances, projected trends and next steps for managing potential surpluses or deficits.
The New Prague Area Schools board approved a revised budget for three non-general funds: Fund 2 (nutrition services), Fund 4 (community services) and Fund 7 (debt service).
Directors of business services Brian and Sandy presented revised projections. For Fund 2 (nutrition services) the district projected a year-end fund balance of about $1,800,000. Presenters noted federal and state meal programs affect accuracy of projections and said the Minnesota Department of Education (MDE) requires a plan if the fund balance exceeds the statutory maximum when the mandated limit returns to pre-COVID levels; the presenters estimated the excess could be as much as $700,000 in 2025-26 and said the district will prepare a plan if required.
For Fund 4 (community services, which includes early childhood and community education) presenters said registrations and revenue are down, some FTEs had already been set and one school readiness class did not run, contributing to a projected negative fund balance; staff said they moved some school readiness revenue and staff into the general fund in a prior revision and will evaluate tuition and class offerings for next year.
Fund 7 (debt service) was described as a largely static fund that will reflect bond refunding activity; presenters noted a one-time increase related to bonds sold in November that affected 2024-25 receipts and payments.
A board member moved to approve the revised budgets; the motion passed on a voice vote.
Staff will finalize the revised budgets and file them as required.
