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Lake Benton board approves preliminary 2026–27 budget projecting $3.03M in revenue and $3.74M in expenditures
Summary
The Lake Benton Public School District board approved a preliminary 2026–27 budget showing $3,031,077 in revenues, $3,738,601 in expenditures and an estimated student count of 153; the gap between revenues and expenditures was noted in the meeting record.
The Lake Benton Public School District board on June 17 approved a preliminary budget for fiscal year 2026–27 that lists projected revenues of $3,031,077 and proposed expenditures of $3,738,601, with an estimated student count of 153.
Board member J. Osland moved to approve the preliminary budget and Margo Suiter seconded; the board voted to approve the motion. The preliminary budget as adopted in this meeting is a planning document; the board did not adopt final tax levies or final appropriations at the June 17 meeting.
The figures recorded by the board show projected expenditures exceeding projected revenues by $707,524, based on the numbers in the preliminary budget. Board discussion at the meeting included earlier administrative remarks that recent legislative changes related to seasonal lake assessments are expected to reduce district compensatory revenue by about $20,000 for fiscal 2027.
The board also considered and approved several related operational items during the same meeting, including personnel memorandums and insurance items (one insurance item was tabled; see separate item).
