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Board approves FY27 budget assumptions and plans transfers to reduce reserve deficit
Summary
The Mahtomedi board approved FY27 budget assumptions March 23, endorsing enrollment and revenue projections, a modest $128,000 surplus projection, and transfers ($700,000 and $620,000) to reduce a reserve for operating capital deficit created after an earlier large purchase.
The Mahtomedi Public School District board on March 23 approved budget assumptions that will guide preparation of the 2026–27 preliminary budget and multi-year projections, and approved a plan to transfer funds to reduce a reserve for operating capital deficit.
Mr. Ericson presented the assumptions and projections, explaining the district uses a four-year average and cohort analysis to project enrollment and that the basic education formula projection for the coming cycle is 2.69…
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