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Madison Local board approves FY25 appropriations, hears state reimbursement delay for IDEA project cash request
Summary
The Madison Local Board of Education approved permanent and temporary appropriations for fiscal year 2025 and 2026 and heard from the treasurer that a $219,000 IDEA project cash request remains pending with the state, reducing the need for general-fund advances.
The Madison Local Board of Education voted unanimously June 30 to approve the district's May financial statements, permanent appropriations for fiscal year 2025 and temporary appropriations to cover early FY26 expenses, while the treasurer warned a pending state reimbursement is delaying one federal grant payment.
The treasurer told the board, "Our reconciled book and bank balance was $12,633,802.01. Of that balance, $2,974,829.61 was general fund. So far through May, the general fund received $28,435,435.97 and spent $27,982,974.28." The board approved the financial statements and related appropriations by roll call.
Why it matters: the board set total appropriations for all funds at $38,475,731.23 and a general-fund appropriation of…
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