Minnetonka Schools Board Study Session August 20, 2026

The Minnetonka Schools Board held a study session on August 20, 2026, focusing primarily on financial and construction updates. Key procurement-related discussions included the funding and budgeting for national student trips, where the board considered reducing the per-student stipend from $300-$400 to $200 to sustain the activities budget amid rising costs. The board also reviewed policies for establishing a perpetual endowment trust fund to support future district programs, including investment strategies and the management of donated assets. Additionally, the board received a detailed update on ongoing and upcoming capital improvement projects funded by bonds, including construction at multiple school sites, with bids coming in under budget and plans to issue new bonds. The session also covered the status and financial management of the district's Other Post-Employment Benefits (OPEB) trust fund, highlighting its investment returns and liabilities. No formal votes were recorded, but the board discussed potential policy directions and next steps for funding and construction efforts.