Brighton Area Schools approves midyear budget amendment; revenues, expenses both fall about $3.2M

The Brighton Area Schools Board of Education on Feb. 10 approved a midyear amendment that updates projections for the general fund, food service fund, community education fund and capital projects fund, district finance staff said. The motion passed unanimously, 7-0.

The amendment reflected new information from the final state budget and updated enrollment and interest-income figures, Mr. Jones, who presented the midyear budget, told the board. “Our revenues decreased by $3,200,000 or about 2 and a half percent,” Jones said, citing a lower-than-expected increase in the state per-pupil foundation amount and other state adjustments.

Why it matters: the amendment narrows uncertainty created by June budgeting estimates. With the updated figures, the district’s excess net revenue stands at about $1.6 million; the board was asked to transfer most of that amount into the capital…