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Mahtomedi board hears quarterly budget update, approves single audit and $44,182 in donations
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Summary
At its April 27 meeting the Mahtomedi Public School District board received a quarterly financial update showing a projected $812,000 year‑end deficit, approved the single audit report noting no material weaknesses, and approved $44,182.11 in donations and grants.
The Mahtomedi Public School District Board of Education on April 27 received a quarterly financial update through March 31 showing the district is planning for an $812,000 year‑end deficit.
"When we look at the total expenditures, 66.6% versus 64.6% last year. So, all in all, tracking right where we should be," presenter Tim Erickson said as he walked trustees through revenue and expenditure columns and timing effects on federal reimbursements.
Erickson told the board federal revenues were at about 46% of budget, reflecting timing and reimbursement lag for special education claims, while total revenues were 68.57% compared with roughly 70% the previous year. He said costs are higher in areas including special transportation and that technology, activities and athletics spending were up, partly offset by fees and donations.
Board members asked how the $812,000 projection compared with earlier estimates. Erickson said the preliminary budget approved in June had shown a larger deficit—about $1.2 million—and that a February revision reduced that gap. He said the district would provide an estimate of the final balance after auditors complete their field work over the summer, but the audited figures will follow the formal audit process.
The board also approved donations and grants for March 2026 totaling $44,182.11 after a brief packet‑clarification about a typographical punctuation concern. "All donations and grants are greatly appreciated," the chair said before a voice vote carried the motion.
Erickson reviewed the district's single audit findings and corrective action plan. He summarized the auditor's management letter: the Schedule of Federal Awards was "fairly stated in all material respects," the district "has complied in all material respects," and auditors reported no deficiencies considered a material weakness in internal control over compliance. He said the district continues to report a recurring, low‑level significant deficiency tied to a smaller staff that limits segregation of duties; auditors perform additional procedures to mitigate risk.
The board approved the single audit report and the corrective action plan by voice vote.
Votes at a glance
- Approval of agenda: approved by voice vote. - Approval of consent agenda: approved by voice vote. - Approval of donations and grants (March 2026) totaling $44,182.11: approved by voice vote. - Approval of single audit report (management letter and corrective action plan): approved by voice vote. - Approval of 2026–27 school board calendar: approved by voice vote.
What happens next
Erickson and staff will continue budget monitoring and will present an estimated year‑end balance for the board; final audited numbers will be available after the auditor completes summer field work.
