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Board adopts fall budget revision, revises total revenue to $313.7 million
Summary
Chief Financial Officer Marie Schrul presented the 2025-26 Fall Budget Revision reflecting updated enrollment and legislative adjustments; trustees approved the revision with a 6-0-1 vote (one abstention).
The Stillwater Area Public Schools board approved a fall revision to the 2025-26 budget that increases the district's total revenue projection to $313,662,078 from $270,448,881. CFO Marie Schrul presented the revision, citing updated enrollment projections and adjustments from the 2025 legislative session.
Line items shown in the minutes include: General Fund at $153,862,491; Food Service revenue $7,887,103 (expenditures $7,859,232); Community Service revenue $9,595,953 (expenditures $9,284,092); Building Construction revised to $125,140,042 from $80,545,000; and Debt Service revenue $18,551,334 (expenditures $17,509,221). The motion to adopt the revision was made by Alison Sherman, seconded by Katie Hockert; the minutes record the vote as 6-0-1 (one abstention). The minutes do not identify which trustee abstained.
The minutes do not state how the increased Building Construction budget will be allocated to specific projects, nor do they record projected timelines for expenditures. The board recorded the adoption of the revision but did not provide additional narrative on programmatic changes in the published minutes.
