Preliminary budget shows modest surplus; district reserves above policy minimum
District staff reported a preliminary FY budget with revenues exceeding expenditures by about $154,911 and an unassigned fund balance increase of roughly $173,000, leaving approximately 9.5% unassigned reserves (above the board policy minimum of 8%).
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District finance staff presented a preliminary budget update at the May 11 Mahtomedi school board meeting showing a modest surplus and reserves that meet board policy.
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