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Finance staff presents general-fund budget amendment; projects $2.86 million fund-balance decline
Summary
Finance staff presented a general-fund budget amendment and projections showing a $2.86 million decrease in fund balance (from 32.16% to 25.57%), described drivers and next steps including enrollment growth and cost containment; board discussion occurred but no recorded vote appears in transcript.
The board received a presentation on a recommended general-fund budget amendment that projects a $2,860,000 decrease in the district's fund balance for the current budget cycle.
A finance presenter told trustees the district's audited 2023–24 financials are complete with no findings and that updated enrollment, state aid and staffing actuals have been incorporated into the amendment. "You can see by the financial statements that we are projecting a decrease in the fund balance... The decrease is projected to be a 25.57," the presenter said, adding the dollar decrease is $2,860,000.
The presenter outlined steps to slow the decline including revenue enhancement, cost containment, pushing enrollment gains through the Bearcat Advantage campaign, and continued monitoring of state and federal funding developments. The presenter noted Governor Whitmer's budget proposal would increase the foundation allowance and that a 1% enrollment increase would bring roughly $350,000 in additional revenue (about 34–35 students).
Trustees asked operational and procedural questions, including whether principals have embraced zero-based budgeting and how many students correspond to a 1% enrollment rise (staff estimated about 34–35 students). The presenter recommended the board approve the amendment for the general fund, noting the amendment covers only the general fund at this time.
The transcript records the presentation, clarifying exchanges, and the staff recommendation but does not show a recorded board vote in the provided audio segment.
