Willmar School Board adopts revised 2020-21 budget, pandemic has affected income and spending
The Willmar School board has adopted a revised budget for the 2020-21 school year. The pandemic has had an effect on normal revenue streams and expenses.
WILLMAR — The Willmar School Board adopted a revised 2020-21 budget at its meeting Monday.
The district normally adopts a revised budget midway through a budget year. State law requires school districts to adopt their budgets before the fiscal year begins July 1, but much information about grants and state revenue is not available at that time, so they later adopt a revised budget with a more accurate picture of the year’s income and spending.
Due to the effects of the pandemic, projected revenue has been adjusted down more than $1 million, to $60.3 million. Expenditures have been adjusted down nearly $500,000, to $62 million. While the district had anticipated some deficit spending this year, it will be higher now.
The district now expects its undesignated general fund balance to be reduced from its 2020 level. However, it is still expected to be nearly 21 percent of total expenditures.