Park Rapids board approves revised 2024-25 budget, preliminarily adopts 2025-26 figures and renews insurance

The Park Rapids Area School Board approved a revised fiscal year 2024-25 budget and preliminarily adopted figures for fiscal year 2025-26 at its June 16 meeting, and approved the district's workers' compensation coverage and property liability renewal for 2025-26.

The board approved a revised FY2024-25 general fund revenue total of $26,361,845 and general fund expenses of $29,148,935, with total all-funds revenues of $34,566,482 and expenditures of $53,524,417 (motion by Hoyt; second by Morgan). For FY2025-26 the board preliminarily approved general fund revenues of $24,443,936 and general fund expenses of $27,305,750, with total all-funds revenues of $31,394,864 and expenditures of $38,883,500 (motion by Morgan; second by Pike). The meeting record does not include roll-call vote tallies.

On insurance matters, the board voted to approve workers' compensation coverage for the 2025-26 school year on a Morgan/Pike motion and reviewed and approved the property liability insurance renewal (motion Morgan; second Hoyt). The minutes record the motions and seconds but do not specify vote counts or insurer names.

Board members did not expand on line-item changes in the revised FY2024-25 figures during the meeting; the business manager deferred substantive budget discussion to New Business and the minutes record the approved totals. The superintendent noted that the Minnesota School Boards Association (MSBA) published a booklet summarizing new legislation that affects district budgets, which district leadership is using to inform planning.

The meeting adjourned at 6:45 p.m. on a Morgan/Pike motion.