By Sarah Koenig
Enterprise reporter
Things look a little rosier for the Shoreline School District financially, but estimates on what finances will look like at year’s end are subject to change.
Specifically, projections for the district’s ending fund balance for 2007-08, which fell to about -$3.1 million earlier this month, have risen to about -$2.3 million.
The ending fund balance won’t be final until August 2007, and estimates for it could swing up and down, according to district and state officials.
“It is a work in progress, so I’m not going to hang my hat on December figures,” Marcia Harris, deputy superintendent, told the Shoreline School Board at its Monday, Jan. 22, meeting.
District officials update the board on financials each month.
The district also is getting oversight from the state because of its financial problems. Stephen Nielsen, assistant superintendent of finance for Puget Sound Educational Service District 121, or ESD 121, is working with district officials.
“Our oversight administrator said if it wasn’t required to present this (financial update) every month, I’d suggest you wait until you get your January adjustment,’” Harris said in an interview.
At the end of the month, the district will receive an apportionment report from the state, which could change the numbers yet again.
“We have tried to reflect adjustments (related to enrollment and other factors) in what we’re showing the board and erring on the side of maybe being a little more conservative than we need to be, as opposed to being too optimistic,” Harris said.
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