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Lostant CUSD 425 reports revenues at 97.53% and approves fund transfer
Summary
The board reviewed the district's year-to-date finances — total revenues at 97.53% and expenditures at 71.43% — approved the financial report and noted a transfer from the NOW to Hi‑Fi account with Fund 80 covering budgeted amounts.
At its March 26, 2025 meeting, the Lostant Community Unit School District #425 board heard a financial update showing the district is 67% through the school year with total revenues at 97.53% of budgeted amounts and expenditures at 71.43%.
The report included fund-level details: Education fund revenues were listed at 96.52% with expenditures at 70.94%; Operations & Maintenance revenues were 126.02% with expenditures at 71.93%; Debt fund revenues were 100.89% with expenditures at 93.66%; Transportation revenues were 70.41% with expenditures at 60.01%. The board approved the financial report on a motion by Chambers, seconded by Kozak (roll call 7–0).
The board also noted a transfer of funds from the district's NOW account to its Hi‑Fi account and that budgeted amounts will be paid out of Fund 80.
