MSDLT Board of Education: Board Work Session 1/27/2025

Metropolitan School District of Lawrence Township Board of Education · January 28, 2025

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40:00

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Year‑end financial overview and fund balance

Presentation

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Finance presenter Mr. Miles reported the district had roughly a $15,000,000 surplus in the report and reviewed fund‑balance as a percent of operational expenditure (ranging about 9%–17%, 14.5% in 2023). He described revenue sources (majority state funds) and noted the operating‑referendum account shows a zero balance because the district has no operating referendum.

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MSD Lawrence Township board received a year-end financial update showing healthy reserves and higher investment interest, discussed recent audit findings and requested follow-up responses, approved an investment resolution and multiple technology contracts and purchases, and heard strategic-plan updates on academics and student supports.

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Transcript

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