91porn

REPORTS TO THE BOARD

Financial and Enrollment Report

To: Asha Riley, Superintendent

From: Stacy Brown, Director of Business Services

Date: April 17, 2025

Subject: March Financial/April Enrollment

Audit Update

As you are aware, staff from the Office of the State Auditor have been here since mid-February as they conduct a comprehensive review of our financial operations. 

The audit of the district’s financial statements, federal grants, and statewide compliance requirements is now complete. It was a thorough process, and overall, it went very well. We expect to receive a few minor recommendations, but the audit opinions in all three areas will be issued without any findings or a formal management letter. This is very positive—findings usually point to problems, and management letters often flag things that could become concerns. The fact that we received neither is a strong sign that we’re managing our finances responsibly and staying on top of compliance. It’s reassuring for both the board and our community to know that the district is operating with transparency and care. We’ll send out the exit conference invite as soon as we have the date.

2025-2026 Budget Process Update

Completed Steps

• Projected enrollment.
• Reviewed certificated and classified staffing needs with building and department staff.

Current Budgeting in Skyward

• Pulling current staff from payroll into the new budget year.
• Adjustments to salaries and benefits.
• Making adjustments to current positions and adding additional positions.

Pending Steps

• Waiting for the State Legislature to set the K-12 budget.
• Waiting for OSPI to open the F-203 site for revenue generation.
• Estimating wages for SEIU and KWRL due to ongoing bargaining.
• Entering the final negotiated wages for teachers and secretaries.
• Uploading financial information from Skyward into the OSPI system.
• Generating the actual budget document (F-195).
• Finalizing the budget.

Timeline

• Budget presentation and workshop in July or August.
• Budget approval is at the end of August.

Financial Update

Financial Information Summary as of March 31, 2025, based on attached documents.

• Fund Balance: Projected to decrease by $389,000 this year, which is $300,000 less than budgeted.
• Minimum Fund Balance: Expected to reach $790,000 in June, avoiding the need for a loan from the Capital Projects fund.
• Local Revenues: Only 20.96% of budgeted revenues collected, due to local tax revenues not being due until the end of April.
• Overall Expenditures: Generally close to projected amounts.
• Certificated Salary Expenditures: Projections greater than the budget due to teachers moving on the salary scale for additional education credits.
• Classified Salary Expenditures: Projections greater than budget, particularly in Transportation, due to additional office staff time, overtime, and bus driver costs. The addition of District Translator and Nursing positions also impacted this.
• Supply Expenditures: Projections are less than the budget by $572,000, primarily due to $350,000 less spent on fuel for buses.
• Purchased Service Expenditures: Projections less than budget due to $500,000 in additional capacity budgeted but not spent.

Key Factors Affecting Financial Position

• Added back levy positions and items early (WMS sports, District Translator, Nursing staff at all buildings).
• Ability to complete larger maintenance projects this summer.

Attached Documents:

• Month-End Fund Balances (page 1)
• YTD Financial Forecast (page 2)
• High-level summary of year-to-date revenues and expenditures.
• Projected amounts for the rest of the year.
• Projected ending fund balance.
• Revenue Dashboard (page 3)
• Comparison of year-to-date revenues with projected revenues and graphs.
• Detailed Year-to-Date Revenue Analysis (page 4)
• Comparison of actual year-to-date amounts with projected year-to-date totals.
• Calculated differences in dollars and percentages.
• Expenditure Dashboard (page 5)
• Comparison of year-to-date expenditures with projected expenditures and graphs.
• YTD Expenditure Input Results (page 6)
• Programs with the largest differences between actual and projected expenditures.
• Utilities Guided Analysis (page 7)
• Historical and current year utility costs.
• Budget Status Reports for all funds (pages 8-12)

Enrollment

The April enrollment increased by 7 students and 6.32 FTE compared to March (Headcount Enrollment on page 13). The FTE count is currently 17.75 FTEs over the budgeted allocation, and the year-to-date average FTE is 10.85 above budget (FTE Enrollment on page 14). Special Education enrollment is up by a total of more than 10 students over budget. Both are factored into the annual projections.

As always, please let me know if you have any questions.