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Lake Stevens School District previews 2025–26 General Fund budget; enrollment and prototypical funding cited as drivers
Summary
Assistant Superintendent Teresa Main presented a preliminary 2025–26 General Fund budget review on April 16, outlining projected ending fund balances, revenue/expenditure drivers (enrollment, Prototypical Funding Model, MSOCs), and inflation assumptions; staff will return with further detail.
Assistant Superintendent of Business and Operations Teresa Main presented the district’s preliminary 2025–26 General Fund budget at the April 16 board meeting, sharing revenue and expenditure projections and a calendar for levy and bond information.
Main reviewed the projected ending fund balance for 2024–25 and explained factors that will influence the 2025–26 budget, including total enrollment (which drives staffing under the state Prototypical Funding Model), materials and supplies, and MSOCs (materials, supplies and operating costs). She also reviewed inflation rates as of March 2025 and displayed pie charts showing revenue by source and expenditures by program and object.
Main described which portions of the prototypical model are supported by state funding versus local contributions and noted potential positive, negative and undetermined impacts on next year’s budget. She concluded by inviting board questions and indicating staff will provide additional details as the budget process continues.
What happens next: staff will refine revenue and expenditure estimates and return to the board with updated budget details and options during the district’s budget process.
