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Board reviews preliminary 2024–25 General Fund budget and 4‑year outlook
Summary
Assistant Superintendent Teresa Main presented the district’s preliminary General Fund budget for 2024–25, a four‑year outlook, enrollment and staffing assumptions, ESSER information and expenditure breakdowns; the board expects to adopt the budgets on Aug. 21, 2024.
Assistant Superintendent of Business Services Teresa Main presented the Lake Stevens School District’s preliminary General Fund budget for 2024–25 and a four‑year outlook at the May 22 meeting.
Main reviewed enrollment and staffing assumptions, revenue and expenditure data, ESSER (Elementary and Secondary School Emergency Relief) balances, and a projected ending fund balance as of March 2024. She walked the board through expenditure breakdowns by program, activities and object, and discussed inflationary factors and other budget drivers.
Board members thanked Main for the overview; President Man Taylor said the detailed presentation helped the board understand the 2024–25 preliminary General Fund budget. The board expects to adopt final budgets at its Aug. 21, 2024 meeting.
Next steps: staff will continue refining assumptions and prepare the formal budget adoption documents for the August meeting.
