Audit shows no findings; board approves 24-25 budget revisions and designates revenue stabilization

The Spartan Area School District reported an unmodified year-end audit with no findings and no journal entries, and the board approved final budget revisions for the 2024–25 school year. District staff said the audit, performed by Hawkins Ash CPAs, identified no issues; staff thanked Michelle Lehner, identified in the meeting as the district accountant, and the business office for their work. The district reported a final 2024–25 change in fund balance that added just shy of $150,000; earlier projections had forecast a $1.5 million shortfall. Staff said the district did not need to use its revenue-stabilization funds. The board approved the budget revisions by roll call, 5–0 with two members absent. The board also considered classification of fund balance as of June 30, 2025. Staff explained there had been $1,000,004.96 set aside in revenue stabilization and recommended rounding that up to $1,500,000. Staff also described a $150,000 excess and the choice of placing that excess into Fund 46 versus leaving it in general fund balance; placing it in Fund 46 would generate state aid in the following year under the state aid formula, reimbursed at about 43%, or roughly $60,000 in additional state aid next year, which would modestly reduce the local tax levy. Staff recommended keeping the amount in fund balance; the board approved moving $1,500,000 of Fund 10 to revenue stabilization by roll call (5–0, two absent).