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School board approves FY25 midyear revisions and FY26 budget adjustments; FY26 capital package totals roughly $22.7M
Summary
The board approved midyear revisions to FY25 that show a $918,000 net increase to fund balance amid a projected $741,000 FY25 deficit, and approved FY26 general fund adjustments and a capital expenditure package including operating capital and a technology/safety levy totaling about $22.7 million.
The Osseo Area Schools board voted unanimously to approve midyear budget revisions for fiscal year 2025 and the district's recommended FY26 general fund adjustments and capital budgets.
Kelly Benusa, director of business services, told the board the FY25 midyear revisions include $4.7 million in new or revised revenues (including a $3.2M increase in special education revenue and $775,000 in interest revenue) and $3.8 million in additional expenditures, producing a net increase to fund balance of $918,000 but leaving a projected FY25 operating deficit of $741,000. Benusa highlighted several one-time adjustments and a reclassification of some expenditures to capital funds to meet new Minnesota Department of Education coding requirements.
The board then considered FY26 operating-budget adjustments and the capital-expenditure package. Executive Director John Morrissette summarized FY26 proposals that maintain a zero-based approach and include targeted staffing changes (for example, additions of special-education teachers and 7.21 FTE social workers funded in part by pupil-support aid), contingency FTE for possible enrollment growth and funding for cybersecurity and CTE priorities. Morrissette presented a capital package that includes $8.35M in operating capital and $14.4M from the technology and safety levy, with districtwide items such as camera and card-access replacements, enterprise licensing and a CTE contingency. The combined capital recommendation totaled $22,747,982.
Each motion to approve the midyear revisions, the FY26 adjustments and the capital budget carried by recorded 6–0 votes after board discussion and review in previous work sessions.
