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Finances

The Finance Department encompasses most aspects of school and district money management. These include budgeting, enrollment projections, accounting, payroll and benefits, accounts payable and receivable, purchasing, inventory control, and asset management. Construction is managed by the Capital Projects Department.

The school district manages many individual "businesses" within the educational system-a transportation business with a fleet of more than 100 buses, a food service business with more than 20 individual school restaurants–even a child care business with before and after educational programs for elementary students at the District's 14 elementary schools. Each of those and the other school-related finance systems operate with business models and systems designed to measure accountability and ensure legal and efficient use of public funds.

In July 2004, the School Board adopted a Policy Governance system that includes routine monitoring reports for all aspects of district operation. The Board reviews financial monitoring reports several times a year. These Finance Department reports outline compliance with legal requirements and the directives of the Board.

The ISD is a top regional employer with an outstanding fiscal record

  • ISD Employs more than 3,000 full and part time staff including:
    • 1,400 teachers,
    • 370 educational assistants,
    • 70 food service workers, 135 bus drivers,
    • 195 office/support staff,
    • 140 custodial/maintenance and additional support personnel.
  • Ranked #10 on Forbes 2019 list of America’s Best Employers by State for Washington State.
  • AA+ Bond Rating by Standard and Poor
  • Aaa Debt Rating by Moody’s Investment Services. ISD is one of only 65 schools with this rating nationally.
  • 17 Consecutive Clean Audits from the Washington State Auditor
  • Lowest Administrative Overhead Costs of all King County School Districts