The Addison SD 4 Board of Education approved an amended fiscal 2025 budget Wednesday after a public hearing and presentation by district finance staff.

Melissa Morghese, a district administrator, told the board the district’s revenues increased about $3.7 million largely because of late grant receipts, rollovers and a ComEd incentive for operations and maintenance; transportation receipts also rose after timing shifts. Morghese said education fund expenditures rose about $2.2 million, driven in part by higher costs for out‑placed students, while capital projects spending was about $1.8 million higher than expected because of work done over winter break and spring. The district’s combined operating funds show a $1.6 million surplus, she said, while the full budget — including construction — shows a negative $8.8 million position, which the presentation attributes to capital funding timing and transfers from O&M to capital.

Board President Williams called for the formal motion during the action portion of the meeting. Board member Jeremiah moved to approve the amended FY25 budget as presented; Tasso seconded. The motion passed on roll call.

The district submitted the amended budget summary at the public hearing and will forward the approved budget to the Illinois State Board of Education (ISBE) as part of the normal filing process. Morghese told the board the tentative amended budget had been on public display for almost 60 days before the hearing and had been posted in the local newspaper as required.

Board members did not adopt additional changes during the meeting; the presentation emphasized that the capital overspend is expected to “wash out” next year because some work was advanced into the current fiscal year.

The board’s approval closes the public hearing and authorizes the district to file the amended FY25 budget with ISBE and proceed with the planned transfers and project funding described in the presentation.