Despite being under a tight deadline, Medical Lake School District staff completed the 2015-16 fiscal budget in time for the board of directors to pass it at their July 28 meeting.
The general fund revenue is $20.41 million, with last year’s ending fund balance at $1.4 million. Expenditures are $20.81 million, 6.7 percent more than 2014-15.
Business manager Chad Moss projects an ending balance of $1 million.
Part of the reason for the expenditure increase is due to the 1.2 percent salary increase and 1.8 percent cost of living adjustment increase for staff.
“We also added a school resource off...
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