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Budget sets aside funds for capital, PERS and unemployment reserves after years of deficit spending
Summary
The committee-approved budget creates a $500,000 capital reserve, a proposed PERS reserve funded by payroll assessment (~$338,000 projected) and maintains an unemployment reserve to cover potential claims; printing fund to be closed and balance transferred.
The Silver Falls budget proposal includes explicit, newly structured reserve accounts designed to reduce fiscal risk and fund deferred maintenance and retirement costs.
Administrators proposed and the committee approved the creation of a capital reserve fund with a planned initial transfer of $500,000 from the general fund. The capital reserve is being budgeted with appropriations so the district can spend on prioritized repairs or contracted capital work if needed; administration emphasized that unappropriated reserves are not normally accessible within the fiscal year without a…
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