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Franklin schools report year-end finances: 'finished 2% under budget' for 2025
Summary
Board packet shows 4th-quarter and year-end financials for fiscal 2025: Education Fund and Operations Fund spending and balances, 'finished 2% under budget ($1,585,951),' and a net fund balance increase of $1,459,079.
The Franklin Community School Corporation’s financial packet for the quarter ending Dec. 31, 2025, shows the district finished the fiscal year roughly 2% under budget, with a reported underspend of $1,585,951 and an overall fund-balance increase of $1,459,079. Detailed fund tables in the packet list Education Fund expenditures near $39.25 million and Operations Fund expenditures in the $12.1 million range for 2025.
The materials compare 2025 to 2024 and highlight drivers of change: a $2.6 million increase in the education starting fund balance and $1.8 million increase in the referendum fund, pay raises, and transition of positions off ESSER funding. The packet notes the Education Fund and Referendum Fund declines in fund balance year-over-year but an overall increase driven by operations. The financial appendix and notes are included in the board packet; the transcripted materials do not show a board vote tally on adopting the financial report in the provided segments.
