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Board designates $2.07M committed, $2.04M assigned fund balances; adopts initial 2026–27 budget
Summary
The Detroit Lakes Public Schools board approved a $2,071,414.30 committed fund-balance designation and a $2,043,693.99 assigned fund-balance designation for FY2025–26, and adopted the district's initial budget for 2026–27. The transcript does not list the total budgeted amount.
The Detroit Lakes Public Schools board voted June 22 to designate $2,071,414.30 as the district's Committed Fund Balance for fiscal year 2025–26. Board member Michael Walther moved the measure; Sanford Nelson seconded and the motion carried unanimously.
In a separate motion, Board member Michelle Okeson moved and Mary Rotter seconded approval of an Assigned Fund Balance designation of $2,043,693.99 for FY2025–26; that motion also carried unanimously. The two designations together amount to $4,115,108.29. Later in the meeting the board approved the Initial Budget for the 2026–27 school year (the transcript records the approval but does not include the total budget figure).
Board minutes show these measures were adopted by unanimous board vote, with motions and seconders recorded in the public minutes. The transcript does not include discussion of the district's revenue assumptions, spending priorities or any roll-call tallies beyond the standard "motion carried unanimously" phrasing recorded for each vote.
