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District finance staff reports March fund balance of about $5.6 million; enrollment slightly below budget
Summary
Finance presenter Ruth Floyd told the board the district’s March general fund balance was about $5,600,000 (~5.6%), average annual FTE was 4,642 (22 below budget), and year-to-date spending and state apportionment recognition were reported around the mid-50% range.
Ruth Floyd presented the Stanwood-Camano School District’s March financial report at the May 5 board meeting, outlining enrollment, revenue recognition and fund-balance figures.
Floyd reported the district’s average annual full-time-equivalent (FTE) enrollment was 4,642 — about 22 FTE below budget and roughly three below last month’s average. She told the board the March general fund balance was approximately…
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