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Current Shoreline School District Budget Status

2022-23 Report

For the 2022-23 fiscal year, Unreserved Fund Balance for the General Fund ended better than expected, at 2.6% of budgeted expenditures, which is up from the estimate in the original budget of 1.4%. While this improvement helps the 2023-24 fiscal year outlook, it is still significantly below the 4.0% - 5% as specified by Board Policy 7130, which was waived for the 2023-24 fiscal year. Shoreline is on a multi-year journey to restore fund balance to fiscally healthy levels. 

Key areas for the improved financial position include:

  • Increased enrollment for Basic Education, Special Education, and Multilingual Learners

  • Increased federal Title II (Teacher & Principal Training and Recruiting) revenue collections

  • Special Education Safety Net revenues

  • Salaries finishing the year 0.4% below the July forecast due to reduced leave cash-outs for departing employees

  • Supplies and materials expenditure reduction

  • Special Education contract services coming in lower than estimates in July 2023

  • Utilities finishing the year below budget and below what was spent in the previous year

  • Expenditure reductions began during the 2022-23 fiscal year.

This improved fund balance allows Shoreline to begin the 2023-24 year with a 2.3% unreserved fund balance, up from the 1.4% budgeted.

2023-24 Update

  • Enrollment trends through December 1 are trending 57 student FTE above budget, which should improve general apportionment revenues by $611K.

  • Employee groups agreed to defer $950K of salary increases to 2024-25 so that some classified staff portions of the Reduced Education Program and most ELO/Activity programs could be restored.

  • Several major revenues and expenditures have to wait until later this year to be confirmed and updated:

    • Transportation Operations funding (end of February & end of May)

    • Safety Net application amount (early March)

    • Safety Net award amount (late June)

    • Utilities expenditures (May)

2024-25 Outlook

  • The Governor’s budget has been released:

    • 3.8% Implicit Price Deflator (‘COLA’) increases costs by $2.8M

    • 8.8% Health Insurance rates increase costs $1.4M

    • Furlough Days ending increases costs by $229K

  • Other factors and implications:

    • Enrollment projections continue to indicate losses between 100 to 130 students per year

    • Local levy (EP&O – Education Programs & Operations) scheduled to increase revenues by $764K 

    • More uncertainty than usual for federal revenue increases

    • Risk Management insurance has been averaging 20% annual increases over the last 4 years: +$420,000 

    • Salaries deferred to 2024-25 add $975,000 (IPD applies to what was deferred)

    • 3.8% IPD would increase salary costs by $2.8M

  • All of this and more mean the ending unreserved fund balance for 2024-25 could be as low as $1,036,000 (0.6%). 

The Shoreline School District Budget Advisory Team (BAT) has reconvened for the 2023-24 school year. Learn more about the BAT

Quick Links

Why is there such a focus on General Fund balance, and unreserved fund balance in particular?

Part of the State accounting process each year is to project our beginning and ending fund balance, much like an individual might estimate their savings account goals. If the district spends less than our revenue in a given year, the remainder is fund balance.

The ending fund balance has two parts to it: reserved fund balance and unreserved fund balance:

  • The reserved fund balance exists for assets we have for a specific purpose. This includes carryover – or unspent funds – from programs with inflexible expenditures. It also includes things such as our inventory of food items that have not yet been made into a meal and served/sold to students.

  • The unreserved fund balance is liquid cash – available to use on any district expenditure and saved for other eventualities, such as lower enrollment than expected or an unexpected expense.

Board Policy 7130 states, in part: The budgeted unreserved fund balance is held to compensate for economic uncertainties and should be targeted at a range between 4.0% and 5.0% of budgeted General Fund expenditures.

Read all Budget FAQs

2023-24 School Year School Board Meeting Budget Reports and Presentations

Budget Survey Reports

The 2023-24 District and Community Budget Survey sought feedback from members of our school district and community about priorities to help guide planning for reductions to balance our budget.

The survey results were presented at the March 7, 2023, School Board meeting, with the following documents:

Shoreline School Budget Survey Executive Summary

Budget Survey Report (presentation slides)

Watch the presentation from the March 7, 2023, School Board meeting