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Vashon Island School District projects small budget gap; Schools Foundation pledges $370,000
Summary
Finance staff told the board the district projects roughly $29.5 million in revenue against about $30 million in expenditures, which could require a roughly $575,000 draw on fund balance; the Schools Foundation pledged $370,000 to support counselors and other priorities.
Vashon Island School District finance staff presented a budget update showing projected revenue of about $29.5 million for the coming year and expenditures that currently project slightly higher, leaving a potential gap that could require using roughly $575,000 from the district's unassigned fund balance.
Cassie, presenting the monthly finance report, said the revenue projection is built on an enrollment assumption of 1,313 AAF FTE and that staff are aligning personnel to student needs rather than invoking a formal reduction in force; she estimated the net staffing alignment would equate to about two fewer positions overall next…
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