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Third‑quarter report: Everett Public Schools projects fund balance above budget, no mid‑year reductions planned
Summary
District finance staff reported on June 24 that the 2024–25 third‑quarter financial picture is stable, with a projected general fund balance of 8.4% versus the adopted 7.5% and no planned reductions for fiscal 2026–27 based on anticipated levy capacity changes.
District finance staff presented the third‑quarter financial report for fiscal year 2024–25 at the June 24 board meeting, saying revenues and expenditures are tracking close to projections and that the district projects a general fund balance of 8.4%, above the adopted 7.5% target. The presenter said enrollment growth is driving revenue and that October and April are the district's highest revenue months due to property tax collections.
The report noted materials and operating costs are higher than budgeted year to date, but…
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