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Enrollment bump, state aid and federal carryover lift Wayzata revenue projections
Summary
District staff told the Board that enrollment rose to 12,760 (from 12,684), boosting state aid by $1,668,699 and reflecting a $1.37 million federal aid carryover that together account for most of a $3.84 million revenue increase in the revised FY2024-25 budget.
Scott LeSage and the Board's presentation identified enrollment growth as the principal driver of higher state aid and overall revenue in the FY2024-25 revised general fund.
The presentation lists enrollment as rising to 12,760 (from a preliminary estimate of 12,684) and shows State Aid increasing by $1,668,699 to $138,074,156. Federal Aid was updated to $4,087,953, a $1,373,254 (50.59%) increase driven by carryover adjustments noted after the audit. The presentation attributed smaller gains to E-Rate reimbursements and interest income that increased other local revenues.
