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Lansing School Board approves budget amendment after audit shows $7.4 million gain

Lansing School District Board of Education · December 19, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board approved Budget Amendment No. 1 after auditors showed a $7.4 million increase to the district’s fund balance; the amendment nets a conservative projected June 2025 fund balance of about $48.3 million and passed 8-0.

The Lansing School District Board of Education approved Budget Amendment No. 1 on Dec. 19 after an auditor-driven increase of $7.4 million to the district’s fund balance. The motion, moved by Trustee Williams and seconded by Dr. Cavanaugh, passed by unanimous voice vote (8-0).

The amendment updates the fiscal assumptions made when the budget was adopted in June. According to the presentation, the district’s adopted June 2025 fund-balance estimate of…

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