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Gull Lake Board approves final 2025–26 budget amendments showing small deficit and healthy fund balance
Summary
Trustees approved final amendments to the 2025–26 budget, recording a deficit of $8,152 and a 16.31% fund balance; the Finance Committee had reviewed the amendments with PFM Financial.
Deputy Superintendent Lisa Anderson presented the final amended General Appropriations Resolution for the 2025-26 fiscal year, reporting excess (deficit) revenue over expenditures of $8,152 and a fund balance of 16.31%.
On motion of Treasurer Laura Zervic, the Board approved the amendment without recorded opposition. The Finance Committee previously reviewed the 2025-26 budget amendments and related financial summaries prepared with oversight from PFM Financial.
Board discussion in the minutes does not list line-item changes; the approval is recorded as a routine year-end housekeeping action that preserves the district—s audited balance position pending year-end reconciliations.
