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School Board Approves Budget Adjustment
Wednesday Feb 15, 2017 8:33am
Sturgis, MI

By: Mike Stiles


(STURGIS) – The Sturgis Board of Education approved a budget adjustment that has an increase in revenues and a decrease in expenditures.

During Monday's meeting, Finance Director Ray Sterling presented the proposed adjustments to the Board for the 2016-17 budget. ...... {LISTEN}.

Local revenues, according to Sterling, increased by just over $71,000 from what was projected when the budget was created. There was a reduction from the State of almost $328,000, which is based on student count.

Federal monies, which are grants to the school district, were up $204,000 and incoming transfers which is money for special education, was also up just over $62,000.

Sterling says the expenditures for the school year were down almost $4,800.

That should leave the School District with just over $38,000 for the end of the school year, and a fund equity of $4.8 million, or approximately $14,600 more than what was originally projected.

The School Board unanimously approved the adjustments.
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