Your Tax Dollars at Work

Business Manager, Denise Peet, provides a monthly report to the Board of Directors, summarizing revenues and expenditures in relation to the budget. She ensures that money from all sources is managed in accordance with state and federal regulations.

Budget 101
School district budgets are similar to home and business budgets; they track revenues/income and expenditures/expenses. And then it gets complicated.

The rules governing public school district budgets mandate that:

  • Federal funds can be used only to support federal programs, such as the Learning Assistance Program or the Title I reading and math support programs.
  • Each district must have and maintain a:
    • General Fund for basic education operation,
    • Capital Projects Fund to monitor revenue from bonds, and to ensure that expenses paid out relate to the capital (facilities) of the district,
    • Transportation Vehicle Fund to track annual revenue from the state for operation of student transportation and to periodically purchase new school buses, and an
    • ASB Fund for associated student body (ASB) activities, including clubs and athletic activities.
  • Periodic audits by the Washington State Auditor’s Office, and paid for by the local district, must occur to ensure that proper accounting and oversight procedures are in place to safeguard public funds. A public report is issued following each audit.

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