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Board accepts 2024–25 audit showing $5.3 million fund balance

New Buffalo Area Schools Board of Education · September 22, 2025
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Summary

Auditors Kruggel, Lawton & Company reported roughly $21.1 million in revenues (84.97% local), $17.5 million in expenditures, and a $5.3 million year-end fund balance; the board voted to accept the audit.

Auditors from Kruggel, Lawton & Company, L.L.C. presented the district's 2024–25 audit, reporting approximately $21.1 million in General Fund revenues with 84.97% from local sources and about $17.5 million in expenditures; roughly half of expenditures were allocated to instruction. The budgeted fund balance of $5 million closed at $5.3 million.

The Superintendent and the Director of Finance recommended acceptance of the audit; trustee Denise Churchill moved to accept, Jennifer Summers seconded, and the board approved the audit by voice vote (all ayes). The board did not request additional audit findings during the meeting; the full audit report was attached to the meeting materials.