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Novi administration moves first General Fund amendment: $2.97M revenue boost driven by state aid
Summary
Administration presented a first amendment for the 2025–26 General Fund: $2.97 million higher revenues (including a $2.9M state-aid per-pupil increase) and $2.49 million higher expenditures, with a projected ending fund balance of $15.42M and a fund-balance ratio around 14.4%.
District finance staff presented the 2025–26 General Fund first budget amendment to the committee, showing an increase of $2.97 million in projected revenues and $2.49 million in expenditures compared with the original budget. The revenue change is led by a $2.9 million increase in state foundation allowance per-pupil funding; federal grant increases of about $410,000 were noted as well. Local revenue adjustments included a $261,130 reduction in adjusted delinquent property tax estimates.
Expenditure changes were allocated to staffing and added-needs categories to reflect a $2.1 million labor increase tied to the foundation-allowance trigger for certain employee groups, new classroom investments (Wildcat Launch), curriculum and purchased services, and technology investments. The amendment summary projected ending fund balance to remain at roughly $15.42 million, keeping the fund balance at about 14.4% of expenditures. Administrators noted monitoring and additional cabinet review will follow as enrollment and state budget information evolves.
The amendment was presented for information and scheduled for formal approval by the Board on Nov. 13, 2025.
