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District financial review shows multi‑million‑dollar shortfalls; board adopts 2025 legislative priorities focused on funding
Summary
Assistant Superintendent Angela Van Essen presented the 2023‑24 Annual Financial Report and a 2025 budget outlook showing a projected 2025‑26 reduced educational program target of about $6.5M and a staffing shortfall estimate of roughly $27M; the board discussed guidance for realignment and unanimously approved district 2025 legislative priorities.
The Shoreline School Board received a detailed fiscal briefing Dec. 10 that highlighted recent improvements in the 2023‑24 annual financial results but also a multi‑year budget outlook that requires reductions and legislative advocacy.
Assistant Superintendent of Business and Operations Angela Van Essen reviewed the 2023‑24 Annual Financial Report (AFR): the general fund generated about $171 million in revenues against nearly $170 million in expenditures, leaving an ending total fund balance of approximately $9.6 million. Van Essen said the capital projects fund began the year with a much larger balance and declined due to planned projects. She noted revenues for 23‑24 exceeded budget by about $3.6 million, while actual expenditures slightly exceeded budget by about $1.3 million; the board previously approved a budget extension to remain in compliance.
Looking ahead, staff presented a…
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