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SCHOOL FINANCE & BUDGETS A school district budget is strictly regulated by state laws and procedures. School districts typically have five (5) funds in their budget, with each fund being used for specific purposes. The funds are: General Fund, Capital Projects Fund, Transportation Vehicle Fund, Debt Service Fund, and Associated Student Body Fund. In this brochure, you will find a brief description of each of these funds, as well as comments relating to the Dieringer School District Budget. THE GENERAL FUND The General Fund is used to account for all income and expenses relating to the programs and operations of a school district. The Washington Basic Education Act of 1977 defined what basic education is and created a supportive funding formula; this provides approximately 70% of the general income of school districts in our state. This money is meant to provide funds for basic programs as well as other programs, such as special education, remediation, transportation and food services. The funding formulae for these programs are primarily based on student enrollment. State law also allows school districts to ask local voters to approve special levies to supplement the state funds. The sources and use of General Fund monies for the Dieringer School District are shown in the following graphs: |
