POULSBO — North Kitsap School District’s 2012-13 budget, $2 million leaner than last year’s budget, was approved Tuesday.

The school board approved the budget during a special meeting and public hearing. Board director Tom Anderson was the single “no” vote.

In 2012-13, the district will operate with a general fund of $62,895,921. The associated student body fund is $1,345,040; debt service fund, $10,351,640; capital projects fund, $715,500; and transportation vehicle fund, $641,516.

Staffing was reduced by 14.7 full-time equivalent positions — from 369.95 full-time equivalent positions, or FTE, to 355.25 FTE. The staff reductions save the district approximately $1,175,000, according to district finance director Chris Hatch.

Additional cuts of $1,075,000 in areas other than staffing bring the total reduction to above $2 million.

The cuts are expected to leave the reserves at the end of the 2012-13 school year with an amount equalling 3 percent of the general fund budget, about $3 million.

The district expects to receive $59.4 million in revenue and have $62 million in expenditures in the upcoming school year.

The staffing cuts made are less than the 15 FTE authorized by the board earlier in the year.

The district also has about 5 FTE positions to fill left vacant by retirees. Assistant Superintendent Chris Willits said those positions will be filled to prevent a further increase in class sizes.

Of the other expense cuts, the largest was $84,500 from the vehicle replacement fund. Special education staff was reduced by 1.5 FTE, $120,000; a librarian position, reassigned to a classroom, was cut, saving $80,000. Secretarial support and paraeducators were each reduced by $75,000.

A list of the cuts can be found on the district’s website, www.nkschools.org.

The deadline to finalize the budget is Aug. 24. Though the budget was approved, the board can still make changes, within the approved monetary amount, if desired.

Anderson made a motion to table the budget adoption to a later date. He felt he did not have enough time to delve into what the board was approving.For the last few years, the board has grappled with budget cuts in the wake of declining state funding, student enrollment and property values.