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Board reviews budgets, eyes fund-balance transfers and moves items to action for June 15
Summary
Director of Finance presented the 2025–26 final budget and the 2026–27 original budget; the board was told staff expects to transfer $218,000 from fund balance for 2025–26 and anticipates a $753,000 transfer next year, with fund-balance levels projected at 25.1% and 21.7% respectively.
Sarah Tynan, the district's Director of Finance, presented the 2025–26 final budget and the 2026–27 original budget to the board on June 1. For 2025–26 she reported a possible net revenue increase of more than $525,000 but noted net expenses exceeded budget due to a loss of some State income; she expects a $218,000 transfer from fund balance leaving a 25.1% fund balance.
For the 2026–27 original budget Tynan said revenues are expected to decrease by about $54,000 while expenses are projected to increase by just over $1 million; the district estimates transferring $753,000 from the fund balance, leaving approximately 21.7% of expenditures. Board members asked clarifying questions; both budget items were moved to ACTION for the board's June 15 meeting.
Tynan also reviewed L-4029 documents for Meridian Township and the City of Williamston summer 2026 taxes. Dr. Adam Spina framed the school year positively at the meeting: "This has been a very positive year."
