Members of the Prior Lake-Savage Area Schools Board unanimously approved a revised revenue and expense budget for the current fiscal year during its Jan. 12 meeting.

Lisa Rider, executive director of business services, outlined proposed changes for unrestricted operating funds that showed the revised revenue projections coming in at nearly $4.58 million greater than what was anticipated when the annual budget was first adopted. Expenses also showed an increase of close to $2.949 million.

The new projections improved the district’s midyear financial picture by more than $1.629 million, which increased the unassigned fund balance to 8.46%, which is above the board’s goal of maintaining a balance of at least 8%. Total revenue for the district’s current fiscal year was revised to $126,771 million.

Rider said verifying current enrollment counts and updated information provided by the Minnesota Department of Education allowed for better revenue projections than when the budget was adopted earlier in the school year.

Special education revenue was projected to be up by $3.4 million, while additional revenue coming from new enrollment projections was estimated at more than $1.081 million.

The district will also benefit from fees charged for ACT testing in 2026 that amounts to $43,500. The district also anticipates another $53,000 in revenue when legacy devices are sold back to the manufacturer.

Projected expenses showed an increase in the revised budget. The transportation budget reflected the biggest uptick, coming in at nearly $1.8 million greater than listed in the original budget.

The adjusted budget for salaries and benefits was also increased by more than $800,000. Costs for long-term facility maintenance was projected downward by nearly $450,000.