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District reports July budget status: expenditures tracking, revenues lagging seasonally
Summary
Assistant Superintendent Sullivan told the board that July spending was about 91.4% of budget and revenues were at about 87.9%, reflecting the timing of property tax and apportionment receipts. The district estimates a year‑end fund balance near the 3.5–4.5% range but will finalize figures after reconciliation in October.
Mercer Island School District staff gave the school board an update on the district—s fiscal dashboard through July, noting expenditures are tracking in line with expectations while some revenues lag due to the timing of tax and state apportionment payments.
Assistant Superintendent Sullivan reported, "Expenditures are at 91.4%" of the budget for the fiscal year to date through July and said revenues stood at about 87.9% — a pattern she attributed to property tax receipt timing and large apportionment payments in July and August. Sullivan…
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