Budget Badge #01 - Budget Overview-Budget Badge #1

Video Transcription

Video Summary

Megan introduces WASBO Budget Badge #1, providing an overview of school district budgeting in Washington. She explains that the budget is a financial plan used to guide and control district operations and must be integrated into the district’s accounting system for monitoring spending and commitments. Key budget objectives include supporting an integrated operational plan aligned to the district mission, improving communication across management levels, tracking expenditures and available resources, measuring performance against planned staffing and spending, and using historical data for realistic planning.<br /><br />She reviews legal requirements: districts must prepare, adopt, and file budgets using OSPI’s Form F-195, covering the general fund and other authorized funds. Budgets are due for ESD review by July 10 and must also include a four-year plan (F-195F) with enrollment projections, multi-year revenue/expenditure summaries, and fund balance estimates, including costs to sustain programs and contractual obligations.<br /><br />Public notice and hearing rules are covered, including publishing notice weekly for two consecutive weeks, with the last notice at least seven days before the hearing; any person may speak. Adoption requires a majority vote by board resolution signed by chair and secretary. Deadlines: second-class districts (<2,000 students) by Aug. 1; first-class (≥2,000) by Aug. 31. She concludes with recommended budgeting timelines, stakeholder communication, and final assessment requirements (75% to earn the badge).

Keywords

WASBO Budget Badge #1

Washington school district budgeting

OSPI Form F-195

F-195F four-year budget plan

ESD budget review deadline July 10

public notice and budget hearing requirements

school board budget adoption deadlines (Aug 1/Aug 31)