We are pleased to present an overview of the Blaine School District’s draft budget of the year September 1, 2018 through August 31, 2019. The budget serves as a tool for planning and managing the District’s activities. It also reflects, in financial terms, District goals and priorities. Formal adoption of the budget is scheduled for August 27th at the regular meeting of the Board of Directors. The draft budget may be revised prior to that date.
Each of the District’s five funds accounts for the activities described in their titles. The general fund accounts for most District operations, including pupil instruction, food service, transportation, maintenance, and administration. The general fund has a projected beginning fund balance of $1,574,414. This represents the amount of District assets in excess of liabilities on September 1, 2018.
During the 2018-2019 year, we anticipate general fund revenues of $33,732,328 from sources including apportionment, taxes, and grants. Expenditures are expected to be $33,244,096. This amount is less than the anticipated revenues since the District plans to restore fund balance to the minimum level established in Board policy.
Revenue projections are based upon apportionment payments from the State that include enhanced funding for compensation levels as required by the McCleary,etal.v.StateofWashingtonSupremeCourtdecision. Inaddition,the 2018-2019 budget funds new initiatives to enhance student safety and address enrollment and caseload growth.
The 2018-2019 ending fund balance projection is $1,994,646. The District’s fund balance represents resources available for unexpected events and cash flow considerations.
We have also included budget information for the Associated Student Body (ASB) Fund, Debt Service Fund, Transportation Vehicle Fund, and Capital Project Fund. Revenues and resources in these funds are considered restricted as to their use.
The Capital Projects Fund supports the ongoing construction work at Blaine High School, technology purchases related to the new Capital Levy, Birch Bay property acquisition, and construction of replacement grandstands.