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Lowell Area Schools board approves March budget amendments; finance staff outline key changes
Summary
The board adopted a spring budget amendment that adjusts state and local revenue projections, moves a health-care reimbursement item from benefits to salaries, and projects a projected year-end fund balance around $9.9 million.
The Lowell Area Schools Board of Education voted on March 10 to adopt budget amendments that update revenue and expenditure estimates for the current fiscal year and capture adjustments identified by the district finance staff.
The board’s business officer presented the amendment, which the presentation said reflects updated state reimbursements for special education, an updated projection for enhancement millage allocation, Medicaid reimbursement updates, and an internal reclassification of a state-provided health-care reimbursement for employees. The presenter said…
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