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South Whidbey reports enrollment above budget; officials flag possible TK funding shortfall
Summary
District finance staff reported about 40 students above budgeted enrollment and a healthy fund balance, but cautioned that state TK funding may be at risk of running out by March; officials said the district will continue TK this year and monitor legislative action.
District finance staff told the board the preliminary September count shows roughly 40 students over the budgeted enrollment and that, year-to-date, the district is "beating budget." The presenter said the district's FTE comparison was "13,811 compared to 12,229," and that fund balance as of the un-audited Aug. 31 snapshot was about 24.3 percent.
"We're roughly 40 students over our budgeted enrollment for [Basic Ed]," the presenter said, adding that the district will wait for the October count to verify how much of the increase will hold. Enrollment increases were concentrated in the middle-grade band (grades 3–8), the presenter said.
On finances, the un-audited Aug. 31 balance showed revenue about 10.3 percent over and expenditures at about 99.6 percent of budget; capital and bond funds were noted as tracking differently because of recent projects and a passed bond.
The board was also told of informal reports that state Transitional Kindergarten (TK) funding "may run out in March" because statewide enrollment in TK has increased and the state may not have budgeted sufficient funding. The presenter and trustees said the district will continue to operate TK through the year and will work with legislators to seek sustained funding.
No board vote or budget amendment was proposed during the meeting; finance staff said they will analyze the October count to confirm enrollment trends before making staffing or budget changes.
