Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Board adopts 2026/27 budget and approves final 2025/26 amendment; fund balance reported at 14.6%
Summary
Shelly Larsen presented a final amendment and said Lake Shore will end the year with a 14.6% fund balance; trustees approved both the final 2025/26 amended budgets and the original 2026/27 budgets, noting the state budget was not finalized.
Shelly Larsen presented the final amended 2025/26 operating budgets and told trustees that "Lake Shore will end the year with a 14.6% fund-balance." The board then approved the final amendment and adopted the proposed original 2026/27 operating budgets across all major funds on motions brought before the board.
Trustees discussed timing: Ms. Larsen and trustees noted the 2026/27 budget was adopted before the State of Michigan had completed its budget process, and Amy Thomas-August observed that the state was expected to finish by June 30, 2026. Auditors are scheduled to present in the fall to review the finalized numbers. The board recorded unanimous votes to approve both the amendment and adoption (Yea: 5, Nay: 0, Absent: 2).
