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Lapeer Community Schools adopts 2026–27 budgets, approves cash‑flow borrowing and a $31,710 property sale
Summary
The Lapeer Community Schools Board adopted its 2026–2027 general, food service and student activity budgets, approved a cash‑flow borrowing resolution to cover increased operating costs and enrollment losses, and authorized the sale of district property to Mercado not to exceed $31,710.
The Lapeer Community Schools Board of Education voted unanimously to adopt the district's 2026''2027 budgets and to approve a series of 2025''2026 fund amendments and financial authorizations.
The board approved the 2026''2027 general fund budget, followed by the food service and student activity fund budgets, after a public hearing on the proposed budgets was closed. The board also adopted amendments to several 2025''2026 funds and a set of limited‑tax school building and site bond debt retirement fund amendments.
Dr. Watson, reporting for the Finance & Operations Committee, said the committee recommended adding a cash‑flow borrowing resolution to the agenda "to cover the overall increase in operating costs and loss of students," explaining the borrowing is intended to manage short‑term cash needs while the district implements the adopted budget.
The board approved the cash‑flow borrowing resolution and separately authorized the president and director of finance to sign checks for the fiscal year ending June 30, 2027, and authorized the superintendent or his designee and the director of finance to execute pool transfers and online transfers as needed.
The board also approved an updated resolution to sell district property to Mercado for an amount not to exceed $31,710, following a revised survey that increased the parcel to 4.53 acres and adjusted the purchase price.
All budget and finance motions on the agenda were moved, seconded and carried by voice vote. The board recorded motions as carrying; the meeting transcript records unanimous affirmative votes on the listed items.
The actions leave the district with adopted appropriations and short‑term borrowing authority intended to maintain solvency through the coming fiscal year. District officials said they will present the audit report to the full board when Plante Moran completes its work.
Next steps: auditors will deliver the formal audit to the full board when available and the district will execute the authorized financial transfers and property sale following standard closing processes.
