Vancouver Public Schools’ financial situation has been steadily worsening for years, according to a recent audit, which digs into the rising costs and dropping revenue that have left district leaders preparing for layoffs and other cuts next school year.
The report from the Washington State Auditor shows the extent of Vancouver Public Schools’ declining revenue over the past four years, as student enrollment dropped and the costs of meeting student needs and paying for insurance and utilities climbed.
As the district’s expenses steadily outpaced revenues, the routine audit notes, VPS went from having 37 days’ worth of cash on hand in 2022 to just four days of funds last year…