Medical Lake School Board passes 2016-17 operating budget

At its July 26 meeting, the Medical Lake School Board approved its operating budget for the 2016-17 school year.

During the meeting, Chad Moss, director of finance, said the general fund revenue for 2016-17 is projected at $21.5 million, a 5 percent increase from last year.

From the revenue side, the state accounts for $963,893 while $20,000 is federal money and $50,365 is from local dollars.

Expenditures for this year are projected at $21.9 million, a 5 percent increase from last year ($20.81 million). Moss said the projected beginning fund balance is $1.9 million with an ending balance of $1...