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Lansing school board approves Budget Amendment No. 1, projects $48.3M fund balance by June 2025
Summary
The Lansing Public School District board approved Budget Amendment No. 1 after a presentation from district finance staff showing an audited fund-balance increase and targeted changes to revenues and expenditures that together raise the projected June 2025 fund balance to about $48.3 million.
Miss Adams, the district finance presenter, told the board that the audited fund balance increased by $7.4 million compared with the amount assumed in the adopted budget. "When you adopted the budget, we assumed that our fund balance, June 2025, would be $40,100,000. Our audited fund balance showed an increase of 7,400,000," she said, explaining that the district now conservatively projects a June 2025 fund balance of approximately $48,300,000.
The presentati…
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