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Red Wing schools report stronger preliminary audit, approve reconciliation coordinator position
Summary
Preliminary numbers show general fund revenues 4% above budget and expenditures about 6% under, raising the unassigned fund balance to just over 22% on a roughly $40 million budget; the board approved a reconciliation/benefits coordinator position pulled from the consent agenda.
The Red Wing Public School District’s finance director told the board the district’s preliminary audit shows a better‑than‑expected year for the general fund, and the board approved a new reconciliation/benefits coordinator position after discussion.
Director of Finance (on the record) said the revenue budget came in about 4% higher than budgeted, driven primarily by state special‑education aid, and that expenditures ran about 6% under. The combination produced roughly a 10% favorable movement versus the revised budget and increased the unassigned fund balance to just over 22% (up from about 15%) on an…
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