The Issaquah School District’s 2013-2014 budget got a boost of $3.1 million from the state as a result of the McCleary decision, which forced the state to live up to its constitutional duty to provide a basic public education to all children in Washington.
State revenue will now comprise 6 percent of the district’s operating revenue, an increase of 1 percent over last year.
The board approved the budget Aug. 28 which included an additional $1.9 million in local levy revenue over the prior year due to enrollment growth.
Revenue expected for the district’s general fund is $180 million, with expenditures of $183 million.
The district expects an increase of 260 full-time students in the academic year.
The district must maintain an unrestricted reserve fund of 3 to 5 percent of the general fund budget and maintain sufficient reserves for start-up operating costs for new schools.
The board-designated emergency reserve fund is limited to $1 million for emergency capital equipment or facility repair/replacement needs, or other unforeseen liabilities or expenses.
The budget also states that the superintendent will not allow corporate assets to be unprotected, inadequately maintained, or unnecessarily risked.
Approximately 34.5 percent of the district’s funding comes from a maintenance and operations levy. A replacement levy for the levy that is expiring will appear on the Feb. 11, 2014 ballot.