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Rainier SD 13 reports beginning fund balance about $1 million below estimate, projects $822,000 ending balance
Summary
The district began the fiscal year with a beginning fund balance roughly $1,000,000 below budget expectations and is projecting an ending general fund balance of about $822,000 with a deficit spend of roughly $645,000, district financial staff told the board. Staff said they will review position funding and monitor grant encumbrances.
Rainier School District 13 financial staff told the board the district began the fiscal year with a beginning fund balance approximately $1,000,000 below what had been estimated, a shortfall that contributes to roughly $1.2 million lower revenue projections for the year.
At the board meeting, finance presenter Van Dyke (speaker 6) said the district's current…
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