Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Quillayute Valley district updates budget outlook as timber dollars boost debt fund
Summary
District staff told the board the district’s 5% reserve target equals about $3.2 million on a $65 million budget and said timber‑sale receipts are arriving faster than budgeted, helping the debt‑service fund. Trustees were told enrollment-driven revenue shifts could change forecasts in January–February.
The Quillayute Valley School District heard an update on the district’s financial picture as staff reviewed reserves, revenue sources and how enrollment affects funding.
"So, again, we have our 5% at 3,200,000 of our $65,000,000 budget," Speaker 1 said, describing the district's reserve target and adding that undesignated/unreserved funds were about 12% (~$8,100,000). She told the board that while revenues are tracking near prior years, enrollment fluctuations could narrow or widen the gap when the state recalculates funding in January.
Presenter remarks flagged timber receipts as an unexpected local boost to the debt‑service fund. "We only budgeted a 120,000. We're currently above 50 per — we're at, 53,000," Speaker 1 said, noting the district had already realized a portion of timber‑sale proceeds in the first two months and expects additional receipts. The presenter said those local dollars can be used to support facility work and matching funds for field projects.
The board asked for clarifications about how enrollment timing affects state funding. Staff emphasized that counts taken after the statutory "count day" can shift how many students are fundable in a given year, and that seasonal inflows — particularly at the high school level — typically cause February and April upticks.
