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District projects 8.3% ending general‑fund balance; enrollment trending up, capital spending set to rise
Summary
Finance staff told the board the district’s projected ending general‑fund balance is 8.3% of expenditures, enrollment is increasing versus the budgeted forecast, and capital projects (including Jackson Elementary) will drive higher capital fund expenditures this year.
Everett Public Schools’ finance staff presented the second‑quarter financial report for fiscal year 2024–25 at the March 25 meeting and projected an ending general‑fund balance of about 8.3% of expenditures.
Presenters said district enrollment (student FTE) is increasing over prior years and is higher than the budgeted enrollment assumption used in the adopted budget. Enrollment drives more than 60% of state revenues and a higher‑than‑budgeted FTE contributed to improved beginning fund balance…
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