F195 - Official Budget Document
The F-195 is the official school district budget document and is filed with the Superintendent of Public Instruction. Annually, a school district's budget must be approved by their Board of Directors by August 31.
The fiscal year for school districts starts September 1 and goes through August 31. The budget establishes maximum expenditure amounts for each fund and provides a means of measuring and guiding performance. Northshore's budget is submitted to the school board at the first meeting in August. After board approval, it is submitted to the Educational Service District (ESD). Once approved at the ESD, it is forwarded to the Office of Superintendent of Public Instruction (OSPI) for final approval.
Five Separate Funds
The Northshore School District budget is comprised of five separate funds - the General, Associated Student Body, Debt Service, Capital Projects and Transportation Vehicle Funds.
- General Fund
- Associated Student Body Fund
- Capital Projects Fund
- Transportation Vehicle Fund
- Debt Service Fund
The general fund is used to account for all financial resources except those required to be accounted for in another fund. Revenues for the general fund are primarily from state funds, special maintenance and operations levy funds, federal funds and fees. These revenues are used for financing the current day to day operations of the school district such as our instructional programs for students, food services, maintenance and pupil transportation. Expenditures include salary and benefits costs and non-labor costs such as supplies and instructional materials, utilities, fuel, insurance and printing costs.
This fund accounts for the student extracurricular activities in each school. The revenues are generated, in part, by fees from students and nonstudents attending any optional noncredit extracurricular event of the district. Although the ASB fund is under the control of the Board of Directors, each school's student body prepares and submits a revenue and expenditure plan for Board approval.
Provides for acquisition of lands or buildings, major modernization of buildings and other property such as fields, and acquisition of equipment, including technology systems. Capital funds may also be used for energy audits and related upgrades. The Capital Projects Fund is generally financed from the proceeds from the sale of bonds, state matching revenues, lease or sale of surplus real property, interest earnings and special levies.