Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Everett School District board adopts FY 2021–22 operating budget after public hearing
Summary
The Everett School District board held a public hearing and adopted Resolution 12-60, approving the 2021–22 operating budget. Presenters said the budget reflects a roughly $2.5 million increase in revenues and expenditures tied to federal ESSER and special-education funding and a projected ending fund balance of $37.5 million.
The Everett School District Board of Directors voted to adopt Resolution 12-60, approving the district's operating budget for fiscal year 2021–22 after a public hearing on Aug. 24. Director Berg moved the resolution and Director Hussain seconded; the motion carried on a voice vote.
The change from the first reading includes about $2,500,000 in additional revenues and matching expenditures, presenters said. "Tonight is the culmination over nine months of budget development," said Mr. Moore, the board's budget presenter, describing multiple community and advisory presentations and forecasting work. Ruth Lloyd, the district finance staff member who presented subsequent slides, said projected ending fund balance for 2021 is $37,500,000 and attributed most of the revenue increase to federal special-purpose funds, including ESSER allocations and American Rescue Plan funds targeted to special education and related activities.
Lloyd told the board that the district will receive higher food-service reimbursements because the state and federal governments affirmed eligibility for the higher ‘‘seamless summer’’ rate, allowing the district to provide free meals across the year. She also explained an accounting change that requires certain long-term lease costs to be reported as expenditures (with offsetting revenue elsewhere), and noted that, on a percentage basis, federal and categorical programs rose while basic education funding decreased slightly.
Board members asked clarifying questions about the capital projects fund and whether future capital levies or bond campaigns are reflected in the four-year forecast. Lloyd said forecasts do not assume a capital levy or bond until it is certain and that the projections will be updated when such plans are finalized.
After hearing no public testimony on the budget, the board closed the hearing and voted. Five directors were recorded present earlier in the meeting and the voice vote carried; presenters and the board said the resolution was adopted.
Next steps: the district will implement the adopted operating budget and update multi-year forecasts as further capital or levy plans are developed.
