The meeting’s focal point was the approval of a preliminary tax levy increase, a financial decision for the district. The board was informed that the levies are largely determined by state formulas, which means their ability to adjust is limited. However, some control exists through bond and operating referendums. The latter is set for a vote in November, adding an element of uncertainty to the final levy amount. The proposed increase of 2.24% over the previous year’s levy is primarily attributed to an inflationary factor applied to the per pupil referendum amount and a prior decision to underlevy the Long-Term Facilities Maintenance levy. The board discussed the potential risks associated with underlevying, such as the loss of state aid, but expressed contentment with the proposed levy increase given current economic conditions. After a motion to certify the maximum levy amount provided by law, the proposal passed without opposition.

The board also addressed the Assurance of Compliance report, a routine annual requirement necessary for securing funding. The approval of this report allows the superintendent or her designee to sign and submit it on behalf of the district. This motion also passed without opposition.

Another topic was the purchase agreement for the former district office building on Bridge Street. Dr. Champa provided an overview, explaining that the city of Owatonna would be purchasing the property for $260,000, a move considered beneficial for both the city and the school district. A question was raised regarding necessary roof repairs outlined in the agreement, specifically the status of an existing skylight issue. Dr. Champa clarified that the roof repair would be covered as warranty work and is transferable, while the skylight repair would be handled at the city’s discretion. Following this discussion, the board approved the purchase agreement unanimously.

The discussion then shifted to the ISD 761 Foundation, which operates independently of the school district. The board was tasked with ratifying the foundation’s board of directors. Sandy Boss was introduced as a new member, and the board was asked to approve the foundation board’s composition. A query regarding the selection process for board members revealed that the foundation aims for diverse community representation and that prior graduation from the school is not a requirement. The foundation’s primary objective is to raise funds for mini-grants that teachers can apply for to enhance their classrooms. The motion to ratify the foundation board’s appointment passed without opposition.

The meeting also included procedural items, such as designating depositories for school district revenue. Due to the sale of Bremer Bank to Old National Bank, the board needed to approve Old National Bank as a new depository for district funds. A motion to approve this designation passed unanimously, as did a subsequent motion granting Old National Bank authority to invest district assets.

The board expressed gratitude for community generosity, especially in relation to recent homecoming events. A list of gifts to the district was reviewed, and a motion to accept these gifts was introduced. A roll call vote followed, resulting in unanimous approval.