As you recall the WEA's original forecast for the Shoreline's ending fund balance was around
11 million in the ending fund balance (12.5% of budgeted spending.) Because it was earlier in the the year they have moderated their expectations. Good news though: the latest fund balances support an even higher ending fund balance.
This year's fund balances exceed last year's by an average of 3.4 million, leading the WEA to expect that the District will end the year with closer to 11.7 million in the ending fund balance. This amounts to a substantial 13.5% of budgeted expenditures!
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