Welcome to the Budget Information Webpage

  • Overview of our webpage

    Everett Public Schools engages our community in the annual budget development process demonstrating our commitment to both transparency and strong fiscal stewardship. The budget webpage is provided to our community to increase understanding of the overall complexity of public school finance, how the district operates within highly regulated structures, where resources come from, and how the board and administration align the use of resources with the Strategic Plan. Specific links are provided for additional information on our annual budget cycle, budget development timeline, and comparative data with other similar school districts. Links also connect to state required reporting documents (F-195 and F-196), and their locally published summary guides. We hope this web area is helpful, and we welcome any questions or comments you may have.
     
     
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    Overview of State prescribed budget structure 

    The financial management of schools rests with local elected school boards in the state's 295 school districts. The state, through the Office of the Superintendent of Public Instruction (OSPI), supervises school district budgeting, accounting, and financial reporting to provide consistent financial management and accountability. School districts account for the day-to day maintenance and operations of the district in their General Fund. Other funds are used to account for specialized activities. These include the Capital Projects Fund for the acquisition of land, equipment, and facilities; the Debt Service Fund for redemption of bonds and payment of interest; the Transportation Vehicle Fund for the acquisition and maintenance of student transportation equipment; the Associated Student Body Fund for student activities; and Trust Funds for donations dedicated for specific use. OSPI publishes an informational guide entitled Organization and Financing of Washington Public Schools for more detailed information on K-12 public finance.