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Board adopts revised FY2025‑26 budget after finance update showing high revenue capture
Summary
Trustees approved a revised FY2025‑26 budget after the Director of Business Services presented an unaudited monthly report showing General Fund YTD revenues at $43.24M (89.7% of budget) and expenditures at $37.84M (79.1% of budget). The board approved the revision unanimously.
The Chisago Lakes School Board approved a revised FY2025‑26 budget during the June 11 meeting after hearing the Director of Business Services' monthly financial report.
The packet showed General Fund fiscal‑year‑to‑date revenues of $43,238,272 (89.7% of budget) and expenditures of $37,837,323 (79.1% of budget) through May 31, 2026. The all‑fund totals in the packet list total revenues year‑to‑date of $54,427,617 and total expenditures year‑to‑date of $48,055,600 (numbers in the district DBS report included in the board packet).
Robyn Vosberg‑Torgerson presented the revised FY2025‑26 budget and recommended adoption. The board moved and seconded the motion and approved the revised budget as presented. The consent agenda vote to adopt personnel and financial items was recorded as carried unanimously.
