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Tecumseh schools report July finances and warn of state funding uncertainty for school meals
Summary
District financial statements for July show roughly $3.75 million cash on hand and $1.09 million in accounts payable; staff warned that an unsettled state budget and possible changes to Michigan’s school‑meal funding could reduce state support of roughly $488,000.
Tecumseh Public Schools officials presented July financial statements Aug. 25 showing cash on hand of $3,748,389.92 and total accounts payable of $1,095,041.96 for the first month of fiscal year 2025–26. Business services staff told trustees the district received only limited new revenue in July and that the state aid payment normally due in October could be delayed if the state budget is not finalized by Sept. 30. Kelly (last name in packet: Glenn) and other staff summarized line items: the district reported $6,017 in recognized revenue for July and routine summer payroll and vendor payments; payroll related disbursements amounted to roughly $839,000 for the month and an estimated net operating gap of $833,853 would reduce the projected ending fund balance to about $1.8 million for…
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