Marquette Area Public Schools approves second 2025—6-26 budget amendment, increases transfer to capital projects
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Summary
The Marquette Area Public Schools board approved the district's second 2025—6-26 budget amendment on March 23, adopting modest net income projections while shifting $500,000 into capital projects and noting delayed federal Title allocations.
Marquette Area Public Schools' board approved a second amendment to the 2025—6-26 budget during its March 23 meeting, adopting revenue projections of $50,445,000 and expenditures of $50,383,000, which the district presented as a $61,792 net income.
Assistant Superintendent of Finance Mr. Lampman presented the amendment and said the district has not yet received a final allocation for federal Title funds, which delayed parts of the grant plan and required estimates in the current amendment. He told the board that the district's invested-yield as of March 20 is 3.66% and that state aid remains the district's largest revenue source.
The amendment reflects several formula changes and one-time adjustments. Lampman noted a $232,000 reduction in the district's MPSERS unfunded accrued liability (UAL) offset and a $108,000 increase to normal MPSERS cost offsets; special-education allocations increased by $377,000. To cover anticipated needs and previously authorized purchases, the amendment increases the transfer to capital projects by $500,000. Lampman said the district began the year with a $19,550,000 fund balance and listed an available unassigned fund balance of about $12,430,000.
On the food-service side, Lampman said the universal free meal program is largely funded by the state with federal supplementation; the lunch fund shows projected revenues of $2,014,000 and expenditures of $2,035,000, a projected net loss of $21,179 and an ending fund balance of about $488,026.
Board members asked for clarification on the "other" revenue line and on how the Great Start Readiness Program pilot (GSRP) allocation affects membership counts. The superintendent and Lampman said they would provide a breakdown of that line and related details to the board.
The board voted by voice to accept the amendment as presented. The motion was moved and seconded and carried without recorded dissent. The administration said it expects to bring a final grant plan and any further adjustments to the board by June as federal allocations are finalized.
What's next: administration will provide the requested line-item breakdowns and continue work on the district's grant plan and final amendment anticipated before the end of the fiscal year.
