Final district budget comes in at $149 million
August 18, 2009
Facing a $7.3 million in lost state revenue, district officials presented school board members with a final budget for the 2009-10 school year during a public hearing Aug. 12.No action was taken.
The district will have an operating budget of $149.6 million. After district officials calculated projections for new revenue, including enrollment and federal stimulus money, they closed the budget gap by reducing budgetary costs in three areas.
First, district officials increased class sizes by one child per classroom, kindergarten through 12th grade, saving $1.8 million. They saved an additional $2.2 million by cutting administrative and noncertificated staff positions and nonclassroom related activities. Lastly, they reduced their contribution to the state’s pension program by $2.2 million.
The remainder of the money will come from the district’s reserve fund.
Jacob Kuper, the district’s chief of finance and operations, said he still will be able to maintain an ending unrestricted reserve fund balance of between 3 percent and 5 percent of the total budget.
The district’s capital budget for the year is $138.2 million. That money will fund new construction projects, like the Issaquah High School and Briarwood Elementary School rebuilds.
Board members are expected to take action on the budget at their Aug. 26 meeting at 7 p.m. at the Administration Building, 565 N.W. Holly St.