Fridley Public Schools is set to finalize its budget for the upcoming fiscal year, with a projected total of $76 million in revenue, reflecting an increase of approximately $4.5 million. During the board meeting on May 21, 2025, financial officer Jason provided an overview of the budget, highlighting a $500,000 increase in the general fund, driven by various revenue streams including food service and construction.
The meeting revealed a strategic approach to managing expenses, with a notable reduction of $100,000 in supplies and equipment costs. However, other expenditures, such as memberships and dues, are expected to rise by about $150,000. The overall expense budget is projected at $78 million, with a slight increase of just under $600,000.
The board is preparing to adopt the budget in the next meeting, where they will delve deeper into fund balances and financial projections. Jason emphasized the importance of transparency and clarity in the budgeting process, ensuring that board members understand the financial landscape as they move forward.
As the fiscal year comes to a close, the district appears to be in a strong position, with an improving fund balance and a solid financial foundation for the future. The board's commitment to careful financial management is expected to benefit the community and enhance educational services in Fridley.