By Bruce Rolfe
The Galesburg-Augusta Board of Education adopted the 2025-2026 fiscal year budget showing lower projected revenue and expenditure totals compared to the about to expire 2024-2025 budget at its regular meeting June 16, however the district projects a difference of $71,323.
Projected revenues in the 2025-2026 budget are listed at $17,271,694 and projected expenditures are $17,343,017.
The board projects to end the 2024-2025 budget showing revenues at $18,194,168 and expenditures at $18,204,384.
Fund balance money will be used to balance the about to expire 2024-2025 budget if the district finishes the fiscal year with a $10,216 deficit.
The district projects to end the current fiscal year with a fund balance of $2,217,745.
If the district finishes the 2025-2026 fiscal year with a $71,323 operational shortfall, the district’s fund balance would drop to $2,146,421, which is still above the Board of Education expectation of 10 percent fund balance.
Without a complete budget picture from the State of Michigan available yet, budget numbers could change.
The new budget was built on a projected October, 2025 K-12 enrollment of 998 and a foundation per pupil figure of $10,008.
The operating millage rate is 17.9100.
G-A Superintendent Dr. Lindsey Newton said there are no proposed staff cuts or staff additions in the new budget.
The Galesburg-Augusta Board of Education adopted the 2025-2026 fiscal year budget showing lower projected revenue and expenditure totals compared to the about to expire 2024-2025 budget at its regular meeting June 16, however the district projects a difference of $71,323.
Projected revenues in the 2025-2026 budget are listed at $17,271,694 and projected expenditures are $17,343,017.
The board projects to end the 2024-2025 budget showing revenues at $18,194,168 and expenditures at $18,204,384.
Fund balance money will be used to balance the about to expire 2024-2025 budget if the district finishes the fiscal year with a $10,216 deficit.
The district projects to end the current fiscal year with a fund balance of $2,217,745.
If the district finishes the 2025-2026 fiscal year with a $71,323 operational shortfall, the district’s fund balance would drop to $2,146,421, which is still above the Board of Education expectation of 10 percent fund balance.
Without a complete budget picture from the State of Michigan available yet, budget numbers could change.
The new budget was built on a projected October, 2025 K-12 enrollment of 998 and a foundation per pupil figure of $10,008.
The operating millage rate is 17.9100.
G-A Superintendent Dr. Lindsey Newton said there are no proposed staff cuts or staff additions in the new budget.
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