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Silver Falls leaders propose one-time transfers to clear multi‑year negative balances, present supplemental budget in June
Summary
Kim Kellison, superintendent, told the Silver Falls School District board the district can use this year’s unspent instructional appropriations and higher‑than‑expected state revenue to clear long‑standing negative balances in food service and special revenue subfunds and will present a supplemental budget for the board to consider on June 9.
Kim Kellison, superintendent, told the Silver Falls School District board that updated revenue and expenditure projections now show more resources than previously expected and recommended using those one‑time funds to clear longstanding negative subfund balances.
Kellison said projected state school fund revenue is about $343,000 higher than originally budgeted and local intermediate revenues about $194,000 higher; combined with a beginning fund balance that came in stronger than anticipated, she said the district can propose transfers that would eliminate multi‑year deficits in food service, Medicaid…
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