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Board reviews November budget status and capital projects; staff signals possible short‑term borrowing and clarifies PSE easement
Summary
Deputy Superintendent Jolynn Berge told the North Shore School District board on Jan. 13 that state funding uses a 10‑month annual average and can be trued up, which can affect district revenue; staff also signaled they may seek board authorization next month to borrow against capital if cash‑flow pressures require it.
Deputy Superintendent Jolynn Berge presented the district’s November 2024 budget status report and answered board questions about enrollment, state funding, and cash flow at the North Shore School District board working session on Jan. 13.
Berge explained how state funding is calculated and when it is trued up: the district’s state allocation is based on a 10‑month annual average, and if average enrollment declines later in the fiscal year that can reduce revenue. She said the timing of state payments and year‑end truing can create cash‑flow pressure for districts.
"It's a 10 month annual average, so…
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