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Arlington School Board authorizes $2 million interfund loan as enrollment dips threaten cash flow
Summary
The Arlington School District board approved a resolution authorizing interfund loans up to $2,000,000 to protect cash flow after staff reported an unaudited OSPI score of 2.6 and a November fund balance of $2,370,000; the board also approved routine consent items and adopted Policy 2420 on grading and progress reports.
The Arlington School District board on Jan. 14 authorized interfund loans of up to $2,000,000 to meet potential cash-flow shortfalls, after staff warned that lower-than-expected student enrollment and uncertainty over federal funding could reduce the district’s state apportionment this fiscal year.
Gina Zutnovs, the district’s executive director of financial services, told the board the district’s unaudited OSPI financial indicator score for 2024–25 stands at 2.6 and that the fund balance at the end of November was $2,370,000. She said a shortfall of just a few dozen students can materially reduce revenue because state apportionment is adjusted to actual average FTE in…
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