NKSD approves $131 million budget heading into new school year

Enrollment projected to decline over next 4 years

By Tyler Shuey • August 27, 2024 1:30 am
NKSD courtesy graphic Enrollment has declined in the district over the past few years.
NKSD courtesy graphic Enrollment has declined in the district over the past few years.

The North Kitsap School District board of directors approved the 2024-25 budget at its Aug. 22 meeting, which comes out to just over $131 million between four different funds.

The majority will go toward the general fund at about $111.56 million, followed by $17 million for capital projects, $1.5 million for transportation and just over $1 million for Associated Student Body.

Enrollment estimates this year are down 44 full-time students from last year, documents read. Impact Aid continues to decline; the district will receive 85% of the 2022-23 allocation.

As far as the four-year outlook, enrollment is projected to decline over that time, per documents. General fund revenue is projected to increase approximately 3% annually, and expenditures will increase about 2.5% per year. To keep increases to 2.5% there will need to be reductions. NKSD will continue to achieve the board policy established 5%-7% minimum fund balance.