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Milan Area Schools presents first reading of 2025–26 general fund amendment showing higher revenues and proposed draw on fund balance
Summary
Executive Director for Finance presented a first reading of a 2025–26 general fund amendment: revenues up about $4.9 million, expenditures up about $3.7 million, and a proposed use of $1.4 million of fund balance; board discussion clarified much of the increase reflects pass-through grant funds and highlighted concern that unassigned fund balance is below the board's 10% goal.
At a public meeting, Milan Area Schools' executive director for finance, Mrs. Hendricks, presented a first reading of a proposed 2025–26 general fund amendment and answered board questions. Hendricks said the amendment shows revenues increasing by $4,900,000 and expenditures increasing by $3,700,000; the net effect is roughly $1.2 million in additional revenues, but she also proposed using $1,400,000 of fund balance in the amendment.
Hendricks told the board that approximately $2,200,000 of both revenue and…
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