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Milan Area Schools accepts clean 2025 audit; fund balance stays within target
Summary
The Milan Area Schools Board of Education voted 6-0 to accept the district's 2025 annual audit, which showed a better-than-expected year-end position and a fund balance of 10.45 percent. Board members emphasized the need to distinguish one-time revenues from ongoing funding when planning next year's budget.
The Milan Area Schools Board of Education voted unanimously Oct. 29 to accept the district's 2025 annual audit as presented in attachment A.
Board member Michael Farrow, who led the discussion, said the district originally budgeted to spend about $2.4 million from reserves but the actual spend was roughly $1.6 million, leaving the district about $800,000…
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