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Anchor Bay projects $3 million surplus in amended 2024-25 budget, board hears
Summary
Assistant Superintendent Todd Rathbun presented an amended 2024-25 general fund budget showing revenues a little over $81 million, expenditures about $78 million and a projected surplus near $3 million; board discussed fund balance, Sugarbush sale funds and staffing reclassifications.
Assistant Superintendent Todd Rathbun told the Anchor Bay School District Board of Education on Jan. 22 that the district’s amended 2024–25 general fund budget shows revenues slightly above $81 million and expenditures of about $78 million, producing a projected surplus of just under $3 million.
The surplus would add to a beginning fund balance of roughly $14 million, Rathbun said, and the board has committed about $2.8 million from the sale of the Sugarbush property for future capital outlay. That leaves an unrestricted fund balance of about $14.15 million, or roughly 18 percent of expenditures, Rathbun said.
The numbers reflect several adjustments to assumptions…
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