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Grand Ledge board approves FY2026 budget amendment; CFO reports $482,061 shortfall
Summary
The board approved a 2025–26 budget amendment after the district CFO reported expenditures exceed revenues by $482,061 and a projected June 30 ending fund balance of $13.25 million (16.5% of revenues). The amendment passed unanimously.
The Grand Ledge Public Schools Board of Education on May 11 approved a 2025–26 budget amendment after District Chief Financial Officer Adrienne Barna told the board the amended budget shows expenditures exceeding revenues by $482,061.
Barna said the district projects an ending fund balance of $13.25 million as of June 30, 2026, representing 16.50% of revenue. She reviewed the original assumptions, prior amendments and the current assumptions that produced the deficit estimate.
Coban Holmes moved approval of the budget amendment and Nicole Shannon seconded. A roll-call vote recorded all members voting in favor and the motion carried unanimously.
Board members asked questions during the presentation and noted the district’s broader financial practices; Barna’s review referenced revenue and expenditure line items included in the board packet. The board did not specify additional cuts or new revenue sources at the meeting.
The approval sets the district’s formal amended FY2026 budget; the board can revisit the item if further adjustments become necessary before the fiscal year closes.
