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Lake Forest board hears year-end financial report showing $70.3 million in revenue, modest reserves
Lake Forest Board of Education · October 31, 2025
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Summary
Finance staff reported fiscal-year-end revenues of about $70.3 million — roughly $7.8 million (12%) higher than the prior year — driven largely by state funding; discretionary spending rose, and district reserves ended the year at about 6%.
Finance staff presented the district’s June 2025 year-end financial report, telling the Lake Forest Board of Education the district received roughly $70.3 million in total revenue, up about $7.8 million (roughly 12%) from the previous year. The presenter said most of the increase came on the state side, with local funds up…
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