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Shelton School District projects $85 million revenue next year and aims to rebuild reserves
Summary
Budget director reported an April fund balance near $4.6 million, a revenue forecast of roughly $85 million for next year, staffing representing about 85% of expenses, and a multi-year plan to rebuild reserves after recent budget pressures.
Clinton Sherman, the district’s budget director, told the board that as of the end of April the district’s fund balance was about $4.6 million and that the district is budgeting roughly $85 million in revenue for next fiscal year.
Sherman said the district’s year‑to‑date average enrollment was about 4,170 and that the budget for next year assumes 4,135 students. He described personnel costs as the bulk of spending — about 85% of the budget — and said the district is aiming to rebuild reserves to targeted levels (noting a goal to restore a $1.5 million cushion now and to increase reserves toward $4.5 million to $7.5 million in subsequent years).
Sherman told the board the district has met with OSPI and the ESD and that state partners view the district’s plan to address binding conditions as a positive direction. He said the district has absorbed some cuts from federal and state sources and that forecasting requires flexibility because both state and federal revenues could change.
Board members asked about the assumptions behind enrollment and revenue forecasts and about the state’s conditions; Sherman said the district would provide more detailed numbers at the next board meeting when May figures were available.
Sherman also noted deferred maintenance needs and some HVAC repairs planned for the summer. He said the district expects roughly $82 million of expenses in the budget scenario outlined and that leaders intend to continue conservative forecasting while prioritizing staffing and the fund balance.
