Fund balance

Northgate School District's reserve fund balance will be higher than projected at the end of the current fiscal year on June 30.

School board member Lisa Saylor said that conservative budgeting and spending have resulted in the fund balance being $11.2 million, rather than the originally estimated $9 million.

She also reported that the homestead exclusion for Avalon and Bellevue homeowners for the coming year will be $285. That amount will be deducted from the property taxes of eligible homeowners, and the difference in tax revenue to the district is made up from the proceeds of legalized gambling in the state.