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Eatonville district finance staff report cautious fiscal outlook despite stronger-than-expected revenues
Summary
District finance staff reported revenues and expenditures roughly on track for the year but cautioned pending state policy and possible enrollment declines could jeopardize projected ending balances. The presentation covered levy revenue, restricted funds, transportation deficits, food services trends and capital-projects cashflow.
District finance staff presented a detailed fiscal-year review and monthly budget status at the board's December meeting, reporting that revenues and expenditures were near one-quarter of their annual targets but noting several risks for the remainder of the year.
The presenter said November revenues and expenditures were each about 24'—25% of the year-to-date total (SEG 411-415). While the district had originally anticipated drawing down $2 million to reach an ending fund balance of roughly $667,000, preliminary projections showed a higher balance—about $1.4 million—though the presenter cautioned that enrollment declines or new state taxes (discussed as "purchase services" taxation) could reverse that…
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