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Spartan Area School District board approves final 2024-25 budget revisions, keeps $1.5 million in revenue stabilization; federal WIN funds released
Summary
The Spartan Area School District Board approved final 2024-25 budget revisions after a no-findings audit, voted to retain $1.5 million in revenue stabilization, and heard that previously withheld federal WIN program funds have been released; the board will revisit use of Fund 80 in August.
Spartan Area School District — The Board of Education unanimously approved final revisions to the district’s 2024-25 budget and designated $1.5 million as a revenue stabilization balance after receiving an audit with no findings, board members said at a regular meeting. The board also heard that the federal government released previously withheld funds for the district’s WIN program and that trustees will discuss use of Fund 80 at an August meeting.
The district’s independent audit found no journal entries or findings, and the business office reported the district closed the year with an increase in fund balance of about $150,000 compared with earlier projections of a $1.5 million shortfall. “We had a wonderful audit. We had no findings, no journal entries, so everything was as it should be,” said Miss Hauser, a district staff member who presented the audit and…
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