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School District Finance Information


All Minnesota school districts are required to conduct an annual financial audit at the close of each fiscal year. The fiscal year for school districts is July 1 to June 30. Each annual audit is conducted by an independent audit firm. The final audit report is presented to the school board in December of each year.

Levy & Truth in Taxation

State law requires that the district present information on the current year budget and on the proposed property tax levy, including the percentage increase over the prior year and specific purposes and reasons for which taxes are being increased.  

ISD 885 Truth in Taxation Documentation