2021-22 Preliminary Budget Overview
The 2021-22 budget was adopted at the 23 Aug board meeting/budget hearing.
The full budget website is under revision. Please see below for the current 2021-22 budget presentation.
- Per RCW 28A.505.040, on or before the 10th of July annually, each district must prepare their preliminary budget for the upcoming budget year, including a four-year budget plan, and post it electronically for public access.
- No later than the 31st of August, the School Board must meet to consider and adopt the final budget.
- A legal notice of the Budget Hearing and planned budget adoption in August will be published soon. Procedures for accessing board meetings are located at the BoardDocs Website.
Overview and Discussion
The 2020-21 fiscal year was perhaps the most uncertain in the history of K-12 education. The COVID driven changes in policy and educational practices made 2020-21 extremely difficult to forecast. We experienced unprecedent enrollment volatility which had a cascading effect across all elements of the revenue model, state funding, federal grants and local income. On the expenditure side, the certificated staff levels remained fairly consistent based on contracted staffing agreements, but the classified staff were subject to short-term furloughs, and hourly employee costs varied widely across the year as schedules changed. Our expected deficit of over $4M was offset in 2020-21 by state and federal relief. This good news is tempered by the fact our stimulus funding is significantly less than our peers.
The Superintendent’s Budget Committee met monthly throughout the year, with much of it’s work dedicated to budget sustainability for the future. The 2021-22 budget includes a planned use of fund balance of $6.5M, which will leave an ending fund balance of 9.7% of budgeted expenditures. We expect our staffing model will need adjustment in future years to align with our actual enrollment and state funding model.
Through the work of the budget committee, we decided on a projected 2021-22 enrollment of 7018 student FTE. This represents a net gain of 3% over our current enrollment, however still below our pre-pandemic levels. Given the high level of new development in our community and the opportunity to welcome back students to full time in person instruction, we believe the 3% increase in enrollment is a reasonable budget parameter. However, from a service standpoint we will be striving to safely welcome back all students in the community and hope to exceed our budgeted enrollment.
Below is the budget adoption presentation, which summarizes the data contained in the official budget documents; the F-195 (Budget) and F-195F (Four-Year Budget Projection).