CAMANO: School board hears financial report, recognizes departing school board president

Summary by Perplexity AI

The Stanwood-Camano School District closed the 2024-25 fiscal year with modest revenue growth but tighter reserves, as detailed by Executive Director of Business Services Ruth Floyd. Federal revenue fell sharply after COVID-era relief funds ended, while state revenue rose due to higher enrollment. Overall general fund revenue reached about 91.691.6 million, but expenditures, largely salaries and benefits, slightly exceeded that amount, reducing the ending fund balance to 8.28.2 million. Other funds were generally stable, with increases in student body and debt service funds but decreases in capital and transportation funds. The article also notes the board’s recognition of outgoing president Al Schreiber for 12 years of service and the election of newcomer John Russell to his seat.