2024-25%20budget%20adoption%20resolution%2008-24.pdf

Parent document: Regular Meeting and Budget Hearing-06-26-2024.pdf

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MERIDIAN SCHOOL DISTRICT NO. 505
WHATCOM COUNTY, WASHINGTON

RESOLUTION NO. 08-24
ADOPTION OF 2024-25 BUDGET

A RESOLUTION of the Board of Directors of Meridian School District No.
505, Whatcom County, Washington, fixing and determining fund appropriations;
adopting the 2024-2025 budget, the four year budget plan summary and the four-
year enrollment projection; and providing for related matters.

BE IT RESOLVED BY THE BOARD OF DIRECTORS OF MERIDIAN SCHOOL
DISTRICT NO. 505, WHATCOM COUNTY, WASHINGTON, AS FOLLOWS:

Section 1. Findings and Determinations. The Board of Directors (the “Board”) of
Meridian School District No. 505, Whatcom County, Washington (the “District”), takes note of
the following facts and hereby makes the following findings and determinations:

(a) Pursuant to RCW 28A.505.040, the District has completed the budget for the 2024-
25 fiscal year. The 2024-25 budget includes, among other things, a complete financial plan of the
District for the ensuing 2024-25 fiscal year and a summary of the four year budget plan that
includes a four-year enrollment projection.

(b) Pursuant to RCW 28A.505.060, the Board shall adopt the 2024-25 budget on or
before August 1, 2024. Prior to adoption of the 2024-25 budget, the Board shall meet and conduct
a public hearing to allow any person to be heard for or against any part of the 2024-25 budget, the
four year budget plan, or any proposed changes to uses of enrichment funding under RCW
28A.505.240 (a/k/a educational programs and operation levy).

(c) The Board, following notice thereof being published in a newspaper of general
circulation within the District, conducted a public hearing on June 26, 2024, in accordance with
the requirements of RCW 28A.505.060 for the purpose of adopting the 2024-25 budget.

Section 2. Fixing and Determining Fund Appropriations; Adoption of 2024-25
Budget, Four-Year Budget Summary and Four-Year Enrollment Projection.

(a) The Board hereby fixes and determines the appropriation from each fund contained
in the 2024-25 budget and approves an operating transfer from the Capital Projects fund to the
General Fund as follows:

General Fund $34,897,400
Capital Projects Fund $10,017,882

Capital Projects fund transfer to the | $974,685
General Fund

Transportation Vehicle Fund $600,000
Debt Service Fund $1,293,800
Associated Student Body Fund $306,486



(b) The Board hereby adopts the 2024-25 budget, the four-year budget plan summary,
and the four-year enrollment projection and the appropriations as fixed and determined above, all
of which are on file with the District and incorporated herein by this reference.

Section 3. General Authorization and Ratification. The Secretary to the Board, the
Chair of the Board, the District’s Director of Business and Finance and other appropriate officers
of the District are hereby further authorized to take all other action, to do all other things consistent
with this resolution, and to execute all other documents necessary to effectuate the provisions of
this resolution, and all actions heretofore taken in furtherance thereof and not inconsistent with the
provisions of this resolution are hereby ratified and confirmed in all respects.

ADOPTED by the Board of Directors of Meridian School District No. 505, Whatcom
County, Washington, at a regular open public meeting thereof, of which due notice was given as
required by law, held this 26th day of June, 2024, the following Directors being present and voting
in favor of the resolution.

MERIDIAN SCHOOL DISTRICT NO. 505
WHATCOM COUNTY, WASHINGTON

Chair and Director

Vice Chair and Director

Director

Director

Director

Secretary to the Board of Directors