The Mercer Island School District (MISD) Board held a regular meeting on April 24, 2025, focusing primarily on budget discussions as the district prepares for the upcoming fiscal year. Superintendent Rundell opened the session by addressing agenda items related to financial administration and fund balance projections.
The meeting began with a review of the budget calendar, emphasizing the importance of early financial insights leading up to the full budget presentation scheduled for May 29. Superintendent Rundell noted that the legislature is expected to conclude its session on April 27, which is crucial for finalizing budget estimates. However, there are concerns about potential extensions that could delay the process into August.
Directors Sullivan and Adams provided preliminary budget summaries for the 2025-2026 school year, highlighting that the current estimates are subject to change based on legislative outcomes. The board received updates on various funds, including general, capital, debt service, and transportation. Notably, the general fund is projected to see an increase of approximately $820,000 in reserves, bringing the total to around $4.5 million.
The board acknowledged that while the budget discussions are ongoing, the final figures will be refined once the legislature provides the necessary revenue information, typically received two to three weeks after the session ends. The meeting concluded with a commitment to keep the board informed as more data becomes available, ensuring transparency and preparedness for the upcoming budget study session.