Front door of the district office

District Budget

Our approach to developing and communicating the District’s budget is consistent with our Strategic Plan's Building Block 4: Data-Informed, Needs-Based Resource Allocation, developing a “Needs Based, Data Informed” method to responsibly allocate limited District resources.

2024-25 Strategic Financial Plan 2024-25 F-195 Budget2024-25  4 year Budget

 

 

Highlights: 2024-25 Budget

Enrollment Projections

Enrollment is not only a key driver in public school funding, but one of the primary reasons district budgets across Washington State are stressed. Based on District and statewide trends, as well as a demographer's report, enrollment continues to decline. Therefore, we’ve reduced the 2024-25 enrollment projection to follow a conservative approach.

Four-Year Financial Planning Cycle

The District has used the state four-year budget planning tool as a way to prepare for the future here at Northshore. We have sought to understand the impact of the decisions made today on future years in our financial plans. The District’s financial policy calls for a minimum of three percent (3%) in unrestricted reserves in our General Fund. Included in this budget is the four-year financial plan and an explanation of our assumptions and drivers to do this planning work. With this budget we are using assumptions based on past trends and future expectations about those trends to portray the future fund balances that would result if changes were not instituted.

Fund Balance 

Due to a decrease in the fund balance, the District made significant cuts across the system in order to balance the budget. For the 2024-25 school year we don't expect the fund balance to increase or decrease but are working to increase the fund balance again for future years.

Highlights from Previous Years