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Board authorizes 2023–24 year-end adjustments and adopts 2024–25 budget amid state funding concerns
Summary
The board authorized final 2023–24 budget adjustments — projecting roughly a 20% fund balance and a 2% transfer to capital projects — and approved the opening adoption of the 2024–25 fiscal year budget. Superintendent Dr. Schultz said the state budget leaves a $0 per-pupil foundation increase and reallocates prepayments that reduce net K–12 funding.
The Bedford Public Schools Board of Education authorized final 2023–24 year-end budget adjustments and approved the opening adoption of the 2024–25 fiscal year budget during the meeting.
Superintendent Dr. Schultz told trustees the district expects to finish the year with about a 20% fund balance and proposed transferring 2% of fund balance into capital projects for future large projects. Trustees voted to authorize the recommended year-end adjustments.
Dr. S…
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