(LAGRANGE) - A lot of unknowns remain but the financial picture for the Lakeland School Corporation is right where they thought it would be.
Cathy Phillip gave the board an update during their meeting Monday. She says the new school funding formula passed by the General Assembly won’t be unveiled until the beginning of July. They are projecting a lower student count of 1,784 with overall revenue down about $200,000.
Legislators did add $234 per student to the foundation grant.
Phillip said expenses are up $11,000 from a year ago, but capital projects spending is down $177,000 and transportation is down $17,000. The cash balance of $2.3 million is up from January and right where Phillip thought it would be.
Phillip is retiring at the end of the school year and a reception for her will be held Thursday from 2 to 5 PM at the corporation office.
(03-28-2024) Biden To Lend $1.5 Billion To Restart Palisade Nuclear Plant
(03-28-2024) Steve Carra Seeks Re-election To Michigan House
(03-28-2024) Boil Water Advisory Issued For Portion Of Fremont
(03-27-2024) Study Shows Glen Oaks Is A Beacon Of Economic Growth
(03-27-2024) Bronson Applying For Grants For Trail Project
(03-27-2024) CHA Encourages People To Know Their Measles Vaccination Status
(03-26-2024) LaGrange County Chamber Hosting Meet The Candidates Forum
(03-26-2024) Quincy Woman Returned To Michigan To Face Charges For Two State Chase
(03-26-2024) NE Indiana Unemployment Up From January To February
(03-26-2024) Sheriff’s Office Investigating Break In And Sexual Assaults
(03-25-2024) Niles Couple Pleads Guilty To Charges Of Medical Fraud
(03-25-2024) Lindsey Says Work Is Underway On Michigan Budget
(03-25-2024) Elkhart Police Asking For Help In Fatal Shooting Investigation
(03-23-2024) Michigan Man Pleads To Kidnapping And Killing Girl
(03-22-2024) Kenneth Linn Found Guilty Of Sexual Assault
(03-23-2024) Constantine Man Sentenced For Criminal Sexual Conduct
(03-22-2024) Joe Haas Named Winner Of 2024 Book Of Golden Deeds Award
(03-22-2024) New Scoreboard For Sturgis Schools A Go
(03-22-2024) No Change In Indiana’s Unemployment From January To February
(03-21-2024) Special Land Use Approved For Marijuana Retailer