Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Edmonds district finance director reports January budget remains on track
Summary
Executive Director for Business and Finance Lydia Celi reported January 2026 revenues and expenditures at about 38% of the year, flagged a modest net enrollment decline and a projected $2.64 million increase in fund balance, and noted a small rise in ending fund balance since December.
Executive Director for Business and Finance Lydia Celi reviewed the district's January budget-status report at the Edmonds School District board meeting.
Celi said general-fund revenues and expenditures are each about 38% of the way through the year and that the district budgets encumbrances (including annualized salaries) as part of expenditures. "We budgeted an increase in fund balance of $2,640,000 and just that we're still on target to hit that number," she said. Celi also reported a small decline in enrolled FTE versus budget assumptions, noting a net decrease of about 25 FTE between December and January and a running-start increase of roughly 55 FTE for second semester.
She said the district received its transportation allocation in February and made forecast adjustments to special education; the January report showed an approximately $800,000 increase to ending fund balance from December. Board members thanked Celi for her presentation and asked a few clarification questions; no action was required at the meeting.
