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Committee hears three-year budget comparison; state aid outlook expected soon
Summary
Finance & Property received a three-year revenue-and-expense comparison from staff and an update that final State of Michigan school-aid details are expected in the coming days; the committee recommended full-board review.
Tracey Wooden presented a three-year budget comparison to the Finance & Property Committee on Oct. 2, reporting that revenues and expenses are "as expected," according to the meeting summary. The presentation covered trends staff said are relevant to next year’s budgeting.
Committee members discussed the pending State of Michigan school-aid budget; staff told the committee that final state details are expected in the coming days and that the district will adjust assumptions once the state budget is finalized. The committee recommended that the full board receive the budget update at upcoming meetings for further consideration.
No formal motions or votes on budget adoption were made at the Oct. 2 meeting; staff will return with updated figures after the state finalizes the school-aid budget.
