Can the district use proceeds from the sale of property or bonds to balance the budget?
Money from the sale of property goes into the capital projects fund, which also provides for school construction and renovations. The capital projects fund and general fund are separate and cannot be interchanged according to state law. Can the district use the money set aside in the transportation vehicle fund? No. Money in the transportation vehicle fund may only be used to purchase brand new school buses. The transportation vehicle fund and general fund are separate and cannot be interchanged according to state law. Is this the first year that Stanwood-Camano has had to reduce its general fund budget? No. Our district’s enrollment declines have lead the district to reduce its budget in several areas over the last few years. How much of the district’s budget is employee-related costs? Nearly 81 percent of our budget pays for employee salaries, payroll taxes, and employee benefits and most of that money is paid according to contracts that have been negotiated with employee bargaining
