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Board approves 2025-26 fall budget revision after CFO's presentation
Summary
The board approved the district's 2025-26 Fall Budget Revision (vote 6-0-1), adopting updated enrollment projections and legislative adjustments; total revenue was revised upward to $313,662,078.
The Stillwater Area Public Schools board voted to approve the 2025-26 Fall Budget Revision after a presentation by Chief Financial Officer Marie Schrul.
Schrul said the revision incorporates updated enrollment projections and adjustments stemming from the 2025 Minnesota legislative session. The public record lists fund-by-fund figures included in the revision: General fund $153,862,491; Food Service $7,859,232; Community Service $9,284,092; Building Construction shown rising from $80,545,000 to $125,140,042; Debt Service decreasing from $18,551,334 to $17,509,221. Total revenue was revised from $270,448,881 to $313,662,078.
The board approved the revision on a motion by Alison Sherman, seconded by Katie Hockert; the vote was recorded as 6-0 with one abstention. The meeting record does not identify the abstaining member by name.
Board members also noted that Policy 605 (Alternative Programs) will return for a second reading at a future meeting. No further budget amendments were made at this session.
