The Anchor Bay School District Board of Education approved final amendments to the 2024–25 budget and adopted the original budget for 2025–26 at its June 25 meeting.

Administration presented the 2024–25 final budget, reporting total revenues of about $82.7 million, total expenditures of roughly $78.0 million and a projected surplus of about $3.7 million; administrators said that figure includes an estimated $2.8 million from the expected sale of Sugarbush. The board was told the beginning fund balance is about $14 million, with approximately $2.8 million committed by the board and an unrestricted fund balance nearing $15 million.

Todd Rathbun explained variances from the board’s January estimates, saying the district received several midyear state adjustments totaling about $1.3 million. Those included a $673,000 reimbursement tied to a 3% health-care contribution (reported in state aid receipts), roughly $545,000 linked to a separate state aid adjustment, and about $385,000 in a special-education prior-year state adjustment tied to federal–state swaps. Rathbun said instruction spending rose by about $796,000 largely reflecting pass-through reimbursement for employee health contributions.

Rathbun also described delayed purchases that reduced current-year pupil-transportation spending and increases in outgoing transfers driven by certain grants and electric-charging-station work. He said the district expects to continue reimbursements into July.

The board then approved the original 2025–26 budget. Administration noted enrollment and state-aid uncertainty but said the budget is conservative and met the state filing deadline. Board members asked about bus pricing and electric-bus costs; staff said a new large conventional bus can cost roughly $160,000 while electric buses may cost in the $400,000 range, and that used buses can present a cost-saving option.

Both the final budget amendment and the 2025–26 original budget were adopted by roll-call votes at the meeting.