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Washtucna business manager warns district likely to draw on $257,000 in reserves
Summary
Business manager Katie told the board the budget anticipated using $257,000 from reserves this year, explained timing mismatches in revenues and large insurance bills could require that draw, and noted year-to-date actuals show about $38,000 more revenue than expenditures.
Business manager Katie told the Washtucna School Board that the adopted budget anticipates a $257,000 draw from reserves this year and cautioned the board that uneven revenue timing and large, irregular expenses mean the district is still likely to need that reserve money.
"When we did budget, we anticipated pulling 257,000 out of reserves to pay our bills this year," Katie (Business manager, S6) said, noting that the year-to-date actuals currently show about $38,000 more in revenue than expenditures but several large costs—particularly annual insurance—remain ahead. She added some unexpected expenses occurred in July, and monthly revenues and expenditures are not evenly distributed.
Katie also reviewed the district's F-196 year-end document, saying the Educational Service District (ESD) reviewed it and the Office of Superintendent of Public Instruction (OSPI) approved the submission, summarizing prior-year revenue and expenditures. The board asked clarifying questions but took no further fiscal action at the meeting.
The board will continue to monitor monthly budget reports and any large outlays that could increase reliance on reserves.
