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Lincoln Way board adopts amended FY2025 budget, approves $4.5 million capital transfer
Summary
At its June 26 meeting the Lincoln Way Board of Education unanimously adopted an amended fiscal year 2025 budget reflecting a $2,014,712 operating surplus and approved a $4.5 million capital-projects transfer to fund summer work and upcoming projects.
The Lincoln Way Board of Education on June 26 unanimously adopted an amended fiscal year 2025 budget that records a $2,014,712 operating surplus and approved a $4.5 million transfer for capital projects. Board members said the amendments capture late property-tax receipts and ensure compliance with the district’s fund-balance policy.
Board President opened the budget hearing and asked Treasurer Michael Dubeck to summarize the changes. Dubeck said the district received additional property-tax payments from the county before June 30 and recommended…
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