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District presents 2024–25 financials and proposes 2025–26 budget; electors approve tax levy
Summary
Treasurer Ruth presented the 2024–25 audited financials, fund balances and the proposed 2025–26 budget. Electors voted to adopt a $26,283,541 tax levy by paper ballot; the proposal anticipates a projected mill rate of $6.85 for 2025–26.
Ruth, serving as the district treasurer, presented the Burlington Area School District's 2024–25 financial results and the proposed 2025–26 budget during the annual meeting.
Ruth said total assets as of June 30, 2025, were $13,875,013; liabilities were $5,993,765, leaving a fund balance of $7,881,248. She reported 2024–25 revenues of $44,631,949 and expenditures of $44,147,443, leaving a positive variance that increased fund balance for the year.
Ruth reviewed fund accounting used in Wisconsin schools and outlined major funds. She said the combined general fund (fund 10) and special…
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