Board approves FY25 budget amendment, bond bid packages and district radios

The Bloomfield Hills School Board of Education voted Dec. 16 to adopt the first amendment to the district's 2024-25 general fund budget and to approve a series of bond-funded construction contracts and equipment purchases, including district emergency radios funded through the state Section 31a grant.

The adopted amendment raises projected revenues to $108,800,000 and reduces recommended expenditures to $108,500,000, producing a recommended surplus of $276,000 and an estimated year-end fund balance of about $22.9 million (roughly 21 percent of the general fund), according to Candice Moynihan, assistant superintendent for business services. "We are recommending revenue of 108,800,000. Expenses are 108,500,000 ... recommending a surplus of 276,000," Moynihan told the board during her presentation.

Board members said the surplus reflects several one-time adjustments and shifts in how retirement and other state pass-through funds flowed this year. Moynihan told the board that retirement-related pass-through funding and other adjustments reduced net state revenue relative to the original budget but that the district also received one-time retirement rebates and stronger-than-expected interest income. She told trustees the district is up about 25 full-time-equivalent students from the original projection and that…