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Mineral Point board approves budget guidance to preserve 20% fund balance
Summary
The Mineral Point Schools Board on Oct. 13 approved budget-setting guidelines aimed at keeping the district's fund balance at or above 20% for 2025–26; the motion passed unanimously on a roll-call vote.
The Mineral Point Schools Board of Trustees on Oct. 13 approved guidance for setting the 2025–26 budget that directs staff to avoid letting the district's fund balance fall below 20 percent.
Member Busch moved to adopt the guidance and Member Heisner seconded; the motion passed on a 6–0 roll-call vote. The motion text instructed the administration to prepare the budget consistent with that floor. The vote came during the board's action items at the regular meeting held in the MS/HS Library.
Board members who spoke in the discussion emphasized fiscal prudence and maintaining reserves, and the board scheduled follow-up budget work as part of its regular planning. The board also reviewed a budget comparison update and will continue budget deliberations before final adoption.
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