Romeo board hears budget hearing, adopts FY2025 final and FY2026 original budgets

The Romeo Community Schools Board of Education heard the district’s annual budget presentation at its June 23 regular meeting and voted to adopt the FY2025 final budgets and the FY2026 original budgets.

Mrs. Laseke, the district’s Executive Director of Business Services, presented an overview of debt-fund calculations and the sinking fund, reviewed FY24/25 revenues and expenditures including ESSER III spending, and reported that general-fund equity is expected to be approximately 23.63% for 24/25. Using the governor’s budget assumptions, staff projected an enrollment increase for 25/26 and estimated a fund-balance position of roughly 19.13% for 2025–26, noting some budgeted expenditures exceed projected revenues and that staff will continue to refine assumptions.

Trustees approved the FY2025 Final Budgets (Resolution #61) on a motion by Antoine supported by Bowman and approved the FY2026 Original Budgets (Resolution #62) on a motion by Banach supported by Boyer; both motions passed unanimously, recorded as 7 Ayes, 0 Nays. The consent agenda that included financial reports and the check register was approved earlier in the meeting.

The board also approved other financial and facilities items later in the meeting, including a 2021 bond change order for R&E Development (Resolution #65) and an application for preliminary qualification to the Department of Treasury (Resolution #67); those motions likewise passed by unanimous vote.

The board moved into a closed session later in the evening for collective bargaining and adjourned at 7:45 p.m.