Lake Washington School District (LWSD) recently reached an agreement with the Service Employees International Union (SEIU) on a new three-year contract.
Financial Reports Statements
The business office shall prepare a monthly report relative to the fund balance position of the following funds:
- General fund,
- Debt service fund,
- Associated student body fund, and
- Transportation vehicle fund.
A "statement of financial condition" shall be submitted to the board each month. The superintendent shall reconcile ending fund balance, revenues and expenditures reported by the county treasurer with the district records for all funds. As part of the budget status report, the superintendent shall provide each director with a brief written explanation of any significant deviation in revenue and/or expenditure projections that may effect the financial status of the district. The budget status report for the general fund shall indicate an analysis of any change in the amount of investments of general fund money and shall display investment earnings and the fund to which they are credited.