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Lakeville schools report close-to-budget FY25 results; auditors to present final opinion
Summary
District finance staff told the board the FY25 preliminary results will produce an unmodified audit opinion, modest underspending across categories, a 1% enrollment increase and a growing unassigned fund balance; concerns were raised about self-funded health claims and future special-education transportation revenue cuts.
District finance staff presented a preliminary fiscal year 2025 budget update and said auditors will deliver an on-site presentation within two weeks, followed by formal acceptance by the board. The presentation showed revenues and expenditures very near budget, an expected unmodified audit opinion and a modest increase in district fund balances.
Key numbers and findings: Finance director Bill Holmgren reported 12,140 current students in district classrooms with a 1% enrollment increase projected to finish the year near 12,150. The auditors are expected to issue an unmodified opinion;…
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