Business and Finance
The Business & Finance department oversees compilation and administration of the district's budgets for the General Fund, Capital Projects Fund, Debt Service Fund, Associated Student Body (ASB) Fund, and Transportation Vehicle Fund. The department provides budget assistance and support; comprehensive revenue and expenditure analysis; staffing and enrollment analysis; and levy, bond and debt calculations and analysis.
The department provides financial reporting, accounts payable, accounts receivable and cash handling expertise as well as oversees:
- Associated Student Body (ASB) accounting
- Cash Management and Banking Services
- Chart of Accounts Management
- General Ledger Accounting
- Grants Management
Getting to the core of school funding in Washington State
Four major factors have caused inequities among districts and overall reductions state-wide to funding for schools:
1. New Limitations to Local Levies
The ability to fund education locally through levies has been severely impacted with some districts losing 20% of their total budget through the new cap of $1.50 per $1,000 assessed property value.
2. Cuts to Local Effort Assistance (LEA)
Districts with lower property values are receiving less equalizing funding from the state, known as LEA funds.
3. Less $ for Long-serving Teachers
A new “one-size-fits-all” teacher salary allotment from the state means districts no longer receive additional state funds to compensate long-serving teachers with higher educational attainment.
4. Regionalization Calculations
Regionalization calculations give less money to districts with a lower cost of living.
For more information: https://www.esd112.org/schoolfunding/