Budget Badge #08: Budget - Other Funds-Budget Badge #8

Video Transcription

Video Summary

This session in the WASBO Budget Badge Series explains how to budget for school district funds other than the General Fund: Associated Student Body (ASB), Debt Service (DSF), Capital Projects (CPF), and Transportation Vehicle Fund (TVF). These funds follow the same F-195 requirements as the General Fund—estimated revenues, expenditures (appropriations), beginning/ending fund balance, and a four-year forecast (F-195F).<br /><br />ASB covers optional, non-credit extracurricular activities (cultural, athletic, recreational, social). Revenues come from student fees and fundraising only; levy and state apportionment are not allowed. Spending must benefit students broadly (not personal or curricular), requires student approval in ASB minutes, and disbursements cannot exceed cash on deposit with the county treasurer.<br /><br />Debt Service is used to pay principal and interest on long-term debt (bonds/notes), funded mainly by local taxes, transfers, and investment earnings; budgeting should be based on tax rate projections and bond schedules.<br /><br />Capital Projects funds major facility acquisition/construction and qualifying capital improvements (not maintenance/repair). Revenues include bond sales, state assistance, capital levies, impact fees, and property sales; expenditures are budgeted by project and type code.<br /><br />TVF budgets for bus purchases and major OSPI-approved repairs (and electric charging stations), funded largely by state bus depreciation; operations (fuel, drivers, routine maintenance) stay in the General Fund. Resources include OSPI manuals, WASBO guides, forums, and networking groups.

Keywords

WASBO Budget Badge Series

F-195 budget requirements

Associated Student Body (ASB) fund

Debt Service Fund (DSF) budgeting

Capital Projects Fund (CPF) budgeting

Transportation Vehicle Fund (TVF) bus purchases

school district fund balance and four-year forecast (F-195F)

OSPI school finance guidance