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District finance chief projects small year‑end fund balance gain; flags enrollment shortfall and apportionment timing
Summary
Finance staff reported a projected $412,000 increase to fund balance if current trends hold, while warning that the district is 76 students under budgeted enrollment and has received about 39.5% of apportionment revenue through January compared with 52.6% of the year completed.
Richland School District finance staff reported a modest projected increase to the district’s fund balance for the fiscal year but warned of budget pressures tied to enrollment shortfalls and the timing of state apportionment payments.
Travis, the district staff member who presented the fiscal update, said the current annual-average enrollment stands at about 13,482 students, roughly 76 fewer students than the district assumed in the budget. He projected a $412,000 increase to the district’s fund balance by the end of the year if current trends hold, while stressing that projections could change as apportionment payments arrive later in the spring and summer.
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