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Board briefed on stronger‑than‑expected ending balance and discussion begins on reserve policy
Summary
Business staff reported the district’s year‑end general fund projection improved to roughly $2.95 million, up from a prior estimate, and the board discussed reserve policy targets, contingency versus unappropriated ending fund balance, and 'budget camp' briefings for new members.
Business staff briefed the Silver Falls School District Board on the district’s monthly financial report and a reserves overview at the July meeting. The district’s projected general fund ending balance improved from an earlier projection and is now projected “just under $3 million,” Business Manager Tom said.
Tom explained the difference between contingency (a single budget…
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