MATTAWAN CONSOLIDATED SCHOOL: THREE YEARS IN THE LEDGER

We've followed Mattawan through the spending, staffing and compensation numbers.

Now we finish with the financial picture.

And this one deserves to be said plainly:

Mattawan appears financially stable.

Over three years, the General Fund balance grew:

2022–23: $7.10 million
2023–24: $8.05 million
2024–25: $9.30 million

That's an increase of approximately $2.21 million.

Even more interesting, Mattawan's final 2024–25 budget projected a $695,684 decrease in fund balance.

The actual result?

A $1.25 million increase.

Nearly $1.95 million better than budgeted.

There is also a lot of bond money moving through Mattawan's books. Voters authorized a $110 million bond program, with approximately $50.1 million in first-series proceeds received during 2024–25. Long-term debt consequently increased from approximately $85.4 million to $130.3 million.

That distinction matters.

Bond proceeds and bond debt make the district-wide balance sheet much larger, but they are not the same thing as Mattawan's day-to-day General Fund operations.

Looking ahead, the 2025–26 amended budget projects a modest $550,124 deficit. Even with that planned draw, Mattawan projects an $8.75 million ending General Fund balance — approximately 18.16% of expenditures and well above its 5% policy minimum.

And the latest audit?

Unmodified opinion. No material weakness or significant deficiency identified.

Sometimes following the money uncovers questions.

Sometimes it shows a district on reasonably solid financial footing.

The ledger gets to tell both stories.

👑 With receipts and respect.

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