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Osseo board reviews LRFP, hears FY26 budget adjustments and capital requests
Summary
Board staff detailed the district long-range financial planning model, noting a $399 million FY25 adopted budget, projected expenditures outpacing revenues in future years and capital and operating requests totaling roughly $8.35M (operating) and $14.4M (technology levy).
The Osseo Public School District board received a detailed review of the districtlong-range financial planning (LRFP) model and FY26 budget materials at its Feb. 11 work session as district finance staff walked the board through assumptions, the budget adjustment process and capital requests.
Finance staff said $399,000,000 was budgeted at the start of fiscal year 2025 (this figure excludes certain grant funds such as ESSER and Title allocations that are brought to the board separately). The LRFP presentation showed revenue assumptions tied to Department of Education estimates (projected general formula…
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