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Osseo staff outline long-range financial plan, warn of fund balance decline and propose net-zero adjustments
Summary
Finance staff reviewed the LRFP model, FY26 adopted expenditures ($442.5M), a 3% planning assumption and projections showing fund balance decline; they summarized staffing adjustments that together are presented as cost-neutral and noted the FY27 budget will be considered Feb. 24.
Finance staff presented a long-range financial planning overview at the Jan. 6 school board work session. The FY26 adopted expenditure base was cited as $442,500,000. Staff said the FY27 planning assumption is 3% for expenditures; at the time of the presentation they had identified 2.45% of that increase. The LRFP model and advisory process were described; staff emphasized that most budget adjustment proposals are expected to be cost-neutral (offset by reductions) unless identified as a strategic investment. The presenters said no strategic investments are proposed for FY27 given projected fund-balance pressures and the district's minimum fund-balance policy.
Staff reviewed several budget adjustment proposals that net to $0 across the general fund, including adding 2.0 FTE early childhood English-learner teachers and 3.72 FTE EL assessment specialists (combined approx. $475,000) while eliminating some positions and reallocating roles (examples given in the packet). Staff also presented capital requests (tech levy items of roughly $14.3M) and explained that the FY27 budget and capital package will be presented for board action on Feb. 24. Board members asked for historical context on five‑ and ten‑year trends and cautioned about the pace of deficit spending if fund balance projections continue to decline.
