Volunteers with the Junior Achievement program taught third-graders at Margaret Mead Elementary School how a city functions.
Budgets and Financial Reports
The district's annual budget and other financial reports are available below.
The budget summary provides meaningful financial and budgetary information to the public. It provides background information on the different funds, sources of income, and more. While the same basic financial information available in the district’s official budget is included, the summary provides context and information around those numbers. The district was awarded the Meritorious Budget Award for this document.
The full budget is the district’s official F-195 form filed with the Office for the Superintendent of Public Instruction. For past years, the completed financial report, the official F-196 form filed with the state, is also posted.
Each year, the Washington State Auditor’s office performs an audit of Lake Washington School District’s financial statements and reviews its compliance with state and federal laws. This independent review helps ensure that the district is following appropriate accounting standards and has financial control over the use of taxpayer dollars.
This independent audit reviews the district’s internal control over financial reporting and major programs for which the district receives federal funding. The auditor obtains reasonable assurance about whether the district’s financial statements are free from material misstatement. The audit is performed in accordance with government auditing standards. The independent audit also reviews the district’s accountability and compliance with state laws and regulations as well as its own policies and procedures. The two reports for each year are posted below and are also available on the website of the Washington State Auditor.
Proposed Budget: 2018-19
The proposed budget was presented at the June 25, 2018, Board meeting. Public comment period for the proposed budget is June 26-August 12. The Board will have a public hearing and take formal action on the 2018-19 budget at the August 13, 2018, Board meeting.
Questions or comments about the 2018-19 draft budget?
If you would like additional information, please call Lake Washington School District’s Public Information Office at 425-936-1300. Please send your comments and suggestions concerning the budget to PublicComment@lwsd.org.
* Associated Student Body (ASB) funds are raised by and for students. These funds are used for optional, extracurricular events that are cultural, athletic, recreational, or social. These funds are not available for graded student activities that are part of the school curriculum.