Budget Process & Financial Reporting
The budget planning process begins each January for the next school year. The process takes six to seven months to complete.
During this time, MISD staff and the School Board evaluate enrollment projections, staffing needs, state and federal funding allocations, and other financial factors to ensure a balanced and sustainable budget.
Each year, the School Board reviews and updates its budget planning principles to ensure they effectively guide financial decision-making. These principles inform the district’s budget priorities, shaping resource allocation for the upcoming school year.
Budget Timeline
January - March
- Presentation of Budget Calendar to the Board
- State legislative session begins
- Publish and distribution of MIEA Certified seniority list
- School Board receives legislative updates as it relates to school budgets
- School Board identifies budget priorities
- School Board receives preliminary enrollment forecast
- School Board review of potential RIF Recommendations (if necessary)
- RIF Resolution (if necessary)
April
- Legislative session concludes at the end of April
- MISD and School Board review preliminary budget
- ASB Budgets due to District Office from all schools
- Fund Balance projections presented for all funds
- Approve RIF Recommendations (if necessary)
- Publish final MIEA Certified seniority list with amendments
- School Board updated on legislative session and reviews legislative priorities
May
- School building administrators receive budget update
- School Board holds budget study session
- Revenue and Expense projections
June
- First reading of budget presented to the School Board at first Board Meeting of month
- Second reading of budget presented to the School Board at second Board Meeting of the month and the budget is adopted.
July
- By July 10 the District must send copy of budget to the Puget Sound Educational Service District (PSESD)
Budget & Year End Reports
State Audit Reports
Questions?
Contact our business office at 206-236-3310