Fund balance remains steady, but will need help from Olympia to cover transportation, reduced enrollment impacts
CHENEY—School district officials and board members are bracing themselves for what the new year could bring in the form of legislation and funding adjustments — adjustments that could negatively impact operations.
In presenting the financial update, Finance Director Jamie Weingart noted there wasn’t a huge change in the district’s fund balance at the end of 2020. The operating fund balance dipped slightly, dropping from $5,860,779 in November to $5,854,744 in December.
Budget projections show it continuing to decline through February to under $5.4 million before ticking upwards in the spring....
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