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Yakima district reports improved fund balance, warns of enrollment decline
Summary
CFO Jake Cooper told the board the district closed FY24-25 with a stronger fund balance (~$25.7M) though $4.5M is a short-term tax anticipation note; staff warned of continued enrollment decline and rising facility maintenance needs.
The Yakima School District reported improved fiscal-year results Nov. 18 even as officials warned of downward enrollment trends that could pressure future budgets.
Chief Financial Officer Jake Cooper said the district's beginning fund balance on Sept. 1, 2024, was about $13.6 million and the ending fund balance reported for FY24-25 was roughly $25.7 million. Cooper noted $4.5 million of the balance reflects a tax anticipation note that will be repaid in December, and that the unreserved fund balance stands near 4.91%…
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