HOCKINSON SCHOOL DISTRICT

Hockinson School District recently sold a parcel of land located at 169th St. and 217th Ave. By state law, the proceeds from property sales must go into our Capital Projects Fund (CPF) and can only be used for site acquisitions, building construction, energy efficiency projects, building additions, and/or purchasing of major equipment and furniture items. This land sale, which replenishes the $720,000 in capital funds used to purchase the 40-acre site adjacent to Hockinson Meadows Park in 2024, also creates an exciting opportunity for future stability in our CPF. At the same time, we want to make sure our community is aware that the district's post-land sale CPF balance of approximately $3.5 million cannot accomplish a big-ticket community priority like constructing a new elementary school ($60+million) nor replace an existing facility, such as a track ($1.5 million). As a restricted fund, CFP dollars cannot be shifted over to other funds for salaries, student programs, or other uses.