News

Redmond, Wash. – The Lake Washington School District (LWSD) Board of Directors has selected Dr. Jon Holmen to be the next Lake Washington School District Superintendent. They announced their decision on Monday, March 23, 2020.

Redmond, Wash. – The Lake Washington School District has been following guidance from Public Health in an effort to stay open as long as possible. In light of the current information shared today by our elected officials, we believe it is time to plan for alternative ways to serve our community and families. 

In collaboration with our School Board of Directors and our Lake Washington Education Association, we have made the decision to close all schools from March 12 through March 27, and re-evaluate any further closures during that time. 

In light of today’s news about a King County resident’s death related to the Coronavirus (or COVID-19), and that additional cases are anticipated, we wanted to reach out to share what Lake Washington School District (LWSD) is doing to monitor and prepare for a potential increase in frequency of the Coronavirus in our schools.  

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    Financial Planning

    Policy type: Operational Expectations
    Policy code: OE-5

    The Superintendent shall develop and present to the Board a multi-year financial plan that is related directly to the Board’s Results priorities and Operational Expectations goals, and that avoids long-term fiscal jeopardy to the district.

    The Superintendent will develop a budget that:

    5.1    Is in a summary format understandable to the Board and community, presented in a manner that allows the Board to understand the relationship between the budget and the Results priorities and any Operational Expectations goals for the year.

    5.2    Clearly describes revenues and expenditures with adequate supporting detail.

    5.3.    Shows the amount spent in each budget category for the most recently completed fiscal year, the amount budgeted for the current fiscal year, and the amount budgeted for the next fiscal year.

    5.4.    Discloses budget-planning assumptions.

    5.5    Assures fiscal soundness in future years that includes provisions for reasonable contingencies.

    5.6    Provides necessary information to the Board on matters with a significant budgetary impact, allowing the Board adequate time to consider the information presented.  

    5.7    Reflects anticipated changes in employee compensation, including inflationary adjustments, step increases, performance increases and benefits.

    5.8    Includes such amounts as the Board determines to be necessary for its own governing function. 

    5.9    Is based on reasonable consultation with appropriate constituent groups.

    The Superintendent may not develop a budget that:

    5.10    Plans for the expenditure in any fiscal year of more funds than are conservatively projected to be available during the year. 

    5.11    Provides for an anticipated year-end fund balance of less than five percent of the projected revenue.

    {formerly EL-10, Budgeting/Financial Planning}
    Adopted:    
    07.07.03

    Revised:    
    09/25/06
    09/27/10
    11/19/12
    08/12/19 /Executive Limitations (EL) Policies changed to Operational Expectations (OE)

    Monitoring Method: Internal Report
    Monitoring Frequency: Annually

    Lake Washington School District Board of Directors

    Board Policies