MAPS board approves March budget amendment after finance presentation

Assistant Superintendent James Lampman presented Budget Amendment #2 at the Marquette Area Public Schools board meeting on March 17, outlining state aid adjustments and fund-level changes that increase proposed General Fund revenues by $1,191,691 to $48,882,987.

Lampman told trustees the foundation allowance remained at $9,608 per pupil for 2024-25 and that the State provided a one-time MPSERS UAAL reduction cost offset of $1,181,650. The amendment also includes a net $307,395 increase in General Fund expenditures, largely driven by purchased services, a transfer to capital projects, and program-specific adjustments. Projected ending General Fund balance is $18,704,003 under the proposed amendment documentation.

After Lampman's presentation, Trustee Jennifer Klipp moved to approve the amendment and Trustee Jennifer Ray seconded; the motion carried 7-0. Trustees framed the amendment against long-term facilities needs, with Trustee Jennifer Ray saying, "The environment that a child walks into is important and should be a place that feels welcome and helps children learn." The board will incorporate the amendment into official FY 2024-25 financials and related fund transfers noted in the amendment exhibits.

What this means: the amendment updates revenue and expenditure lines across several funds (General, Capital Projects, Sinking Fund and others) and includes a planned transfer from the General Fund into capital projects. District administration will reflect the changes in future budget reports and monitor carryover balances and project timing.