Rice Lake board approves preliminary 2025-26 budget showing roughly $1.08 million Fund 10 shortfall

The Rice Lake Area School District board on June 23 approved a preliminary 2025-26 budget that district staff said leaves the district’s general operating Fund 10 about $1,082,000 short of balance.

A district staff member presenting the figures said, “Fund 10, as of now, it is 1,082,000 in the hole.” The presentation noted that the number is preliminary and that state budget decisions and federal Medicaid changes could still affect final figures.

The presentation laid out several drivers of the shortfall and budget movements. Staff identified expected pay changes described in the meeting as a ‘‘$6.50’’ figure affecting staffing costs and said the district will need to adjust transfers between funds. Fund 27 (special education) was described as increasing from roughly $3,500,000 last year to a projected $3,700,000 next year. Staff also separated one-time or facility items — including a turf field and conservancy work — totaling about $1,700,000 from the operational deficit.

Board members asked follow-up questions; staff noted an audit to be completed over the summer would clarify exact amounts. After discussion, a board member moved to approve the preliminary budget "as presented," the motion was seconded and the board approved it by voice vote.

What the vote means going forward

Approval of a preliminary budget allows the district to meet statutory timing and to move forward with posting and required hearings; the figures presented are subject to change. Staff told the board they will present final adjustments once state budget outcomes and the summer audit are available. The board did not tie any specific program cuts or revenue actions to the preliminary approval during the meeting.

Next steps

District leaders will incorporate audit results and any state or federal funding updates into a final budget proposal for future board action.