During the recent School Board Meeting held on May 7, 2025, the financial status of the School City of Mishawaka was a focal point, revealing a positive budgetary outcome for the previous year. The meeting highlighted that all appropriated funds remained under budget, with the education fund concluding the year with a substantial balance of $9,796,629. This financial cushion is expected to support educational initiatives as the district moves into the new fiscal year.

The largest expenditures for the district were identified as salaries, wages, and benefits, which are critical for maintaining staff and educational quality. The referendum operating fund also reported a healthy balance of $2,000,002.48, although plans for its use were not detailed in the meeting. Additionally, the debt service fund ended with a balance of $1,415,603, earmarked for upcoming payments in 2025.

The operations fund showed a balance of $723,747, attributed to an $8 million transfer from the education fund, which has raised concerns about excessive transfers. The rainy day fund, initially at $2,000,001.42, has seen a decline due to expenditures related to the new HUMS building. Meanwhile, the school lunch fund is experiencing growth, currently at $1,702,387, benefiting from the all-free lunch program.

Significantly, the curriculum material funds, previously held separately, have been transferred to the education fund as per new legislation, streamlining financial management for educational resources. The self-insurance fund ended the year at $118,397, impacted by a large stop-loss payment made in November, but is on a path to recovery.

The board unanimously approved the financial report, reflecting a commitment to transparency and fiscal responsibility. As the district prepares for the upcoming year, these financial insights will play a crucial role in shaping budgetary decisions and educational priorities.