The F-195 is the official school district budget document and is filed with the Superintendent of Public Instruction. Annually, a school district's budget must be approved by their Board of Directors by August 31.
The fiscal year for school districts starts September 1 and goes through August 31. The budget establishes maximum expenditure amounts for each fund and provides a means of measuring and guiding performance. Northshore's budget is submitted to the school board at the first meeting in August. After board approval, it is submitted to the Educational Service District (ESD). Once approved at the ESD, it is forwarded to the Office of Superintendent of Public Instruction (OSPI) for final approval.
The Northshore School District budget is comprised of five separate funds - the General, Associated Student Body, Debt Service, Capital Projects and Transportation Vehicle Funds.
The purpose of each fund is described in the Budget Summary document. While not required by OSPI, the district prepares this summary which describes the intended use of each fund and contains a breakdown of general fund expenditures and revenues into a format that is more easily understood.