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District finance presentation highlights OpenEd/ALE program as major new revenue stream
Summary
The district finance presenter told the board the ALE (OpenEd) program would add substantial new revenue and require conservative enrollment budgeting; she noted a 250-student ALE projection and explained how the 20% minimum fund-balance policy affects reserves.
At the board meeting, Nicole laid out how the district's new OpenEd/ALE enrollment will affect next year's finances and reserves. She said the district budgeted for 250 ALE students and described per-FTE payments and how those entries change the general fund and reserve calculations.
Nicole walked through the mechanics: "our open ed costs will be about 1,200,000 ... we are budgeting 250 ALE kiddos, so we will pay open ed about $5,000 per FTE." She said the ALE program significantly increases operating revenue while also increasing required minimum reserves because of the district's 20% fund-balance policy. On the record, she cited both "$2,200,000 in the ALE funding" and later "it adds $2,600,000 in revenues" when describing the program's scale; that discrepancy appears in the transcript and was not reconciled at the meeting.
Nicole also described the district's approach to apportionment and conservative budgeting: because OSPI apportionment runs on a schedule tied to the district's budgeted enrollment, the district chose a conservative estimate to avoid over-collecting and later repaying funds. The board asked clarifying questions and accepted the presentation before proceeding to regular business.
