The Montesano School District board received a year-end fiscal close-out report from business manager Sheila Baker on Nov. 16, and the district appears to be in good financial shape.

The district’s fiscal year runs from Sept. 1 to Aug. 31, though the close-out is done later when the actual fiscal year expenditures and revenues are processed, Baker explained.

This year, the district budgeted for an enrollment of 1,323 students while the actual average enrollment was somewhat higher at 1,384.88 students.

The district’s ending general fund balance was $2,324,573, which represents an increase of $314,892 from its beginning balance.

The balance of the district’s restricted fund, meaning money set aside for specific programs, was $191,175. This figure is inclusive of $98,319 in carryover for the 2017-18 budget in funds for specific programs, as well as funds for debt service payments, such as for past remodel and improvement projects.

Budgeted general fund expenditures were $15,445,088, while actual expenditures were $15,058,297, meaning the district was under budget by $386,790. Revenues were budgeted at $15,496,643, though actual revenues received were higher at $15,871,254, a difference of $374,611. With transfers to a debt service fund and capital project fund factored in, the district received $314,892 in revenue over expenditures.