District projects $410 million in revenues; March financial report shows sufficient fund balances and planned capital spending

Miss Tress presented the Everett Public Schools March financial report on April 22, saying projected general fund revenues for the 2024–25 fiscal year are about $410 million and that enrollment trends are driving modest revenue increases.

Tress described the district's five major comprehensive funds (general, capital projects, debt service, Associated Student Body, and transportation vehicle) and said the general fund's projected fund balance was higher than budgeted but largely consistent with February projections. She cautioned that monthly expenditure timing can create volatility; March was higher because of earlier payment timing for running start program invoices.

The capital projects fund is primarily supported by the voter‑approved 2022 capital levy, Tress said, and will show increasing expenditures as the recently grounded Jackson Elementary project moves into construction and invoices are processed. She said the district has roughly $70 million in outstanding debt that the debt service fund supports and that no new voter‑approved bonds are currently recorded.

On transportation, Tress said two buses are on order and expected this school year. Board members asked about timing of SCAP funding and whether reimbursements come after construction; Tress said SCAP funding is levy‑driven for this fiscal year and the district is tracking estimates and timing.

Board members thanked finance staff and others across departments involved in audit and reporting work; directors noted the district received a clean audit opinion earlier in the meeting.