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School board adopts supplemental budget, approves interfund transfers and project payments
Summary
The Klamath County School District Board adopted Resolution 25-04, a supplemental budget for fiscal year 2024–25, approving interfund transfers to cover food services deficits, construction reserve expenses and bus tariffs; the board voted 5-0 to adopt the resolution.
The Klamath County School District Board of Directors adopted Resolution 25-04, a supplemental budget for fiscal year 2024–25, to adjust revenues and expenditures and authorize interfund transfers to cover a series of unexpected charges and project wrap-ups.
The supplemental budget increases general-fund resources modestly and raises an interfund transfer of $836,000 tied to the completion and final payouts for the Lost River community center project. The district’s finance presenter said the transfer will return funds to the general fund now that construction is essentially complete, with only bleacher installation remaining.
Why it matters: the supplemental moves the district’s projected ending fund balance toward its 4% policy target…
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