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District forecasts $1.5 million year-end fund balance as enrollment dips toward 4,200
Summary
District finance staff reported a December fund balance of about $1.3 million, a projected year-end fund balance near $1.5 million after realignment, and monthly enrollment averaging around 4,200. Board members discussed causes including student moves, Running Start participation, and statewide lower birth rates.
The Shelton School District presented a reforecast of revenues and enrollment at the board meeting, saying the district expects to end the year with roughly $1.5 million in fund balance after adjustments.
Mister Sherman (district finance) said the district's December fund balance "was 1,300,000.0" and explained the use of an apportionment advance to carry funds through low-collection months. He said enrollment peaked in October and is "plateaued around 4,200," and that the district expects the annual average to end near 4,200. Sherman and board members discussed drivers of the enrollment change: most withdrawals are students moving residences, some increase in Running Start participation, and broader demographic trends including lower birth rates in the state.
Sherman said the district had adjusted department budgets and is monitoring monthly results; with current adjustments the district still forecasts a $1.5 million fund balance at year-end. The board asked questions about enrollment verification and outreach; Sherman said staff had visited buildings to confirm reporting and that the district continues to identify out-of-school students through its "open doors" program.
No budget adoption or major budget amendments were voted on at this meeting; the presentation was informational and intended to keep the board apprised of the district's near-term financial position.
