Minneapolis Board of Education - Finance Committee
Minneapolis Board of Education1250 W Broadway Ave, Minneapolis, Minnesota 55411 Minneapolis, MN 55411 (Directions)
The committee:
- Received an update on district finances.
- The district will sell two bonds this fall for a total of $83 million, which will go toward capital improvement, according to Financial Senior Finance Officer Ibrahima Diop.
- The district is working on individual schools on their annual budgets, and will deliver the proposed 2025-26 district-wide budget to the board in February and March, according to Executive Director of Finance Jon Clinton.
- Continuing a trend in recent years, the district is about $2.5 million over-budget on food service.
- Approved a $279 million tax levy for next year without discussion and sent it to the full board.
Assignment
Closed
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Reporting
Edited and summarized by the Minneapolis - MN Documenters Team
Agency Information
Minneapolis Board of Education
See meeting notes for details
The Minneapolis Board of Education, or School Board, is the elected body responsible for governing finances and policies, establishing and monitoring the strategic direction and goals, and hiring and evaluating the district’s superintendent, who serves as the district’s chief executive.
The School Board is comprised of nine directors, elected by Minneapolis voters, and two student representatives who are appointed. The superintendent also serves as an ex-officio member of the board. Board members serve four-year terms, beginning in January after being elected in November. Each year in January, the school board selects its leadership, which includes a chair, vice-chair, clerk, and treasurer.