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Lake Forest board hears June fiscal-year-end report showing $7.8 million revenue increase
Summary
The Lake Forest Board of Education reviewed its June 2025 month-end financial report during its August online meeting, hearing that the district received about $70.3 million in total revenues compared with about $62.5 million the previous year — an increase of roughly $7.8 million, or about 12%.
The Lake Forest Board of Education reviewed its June 2025 month-end financial report during its August online meeting, hearing that the district received about $70.3 million in total revenues compared with about $62.5 million the previous year — an increase of roughly $7.8 million, or about 12%.
Finance staff told the board the bulk of the year-over-year increase came from state funding tied to higher unit counts — roughly $6.7 million — with about $1.2 million coming from local sources and federal revenues down by about $160,000. “We received…
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