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Board adopts 2025–26 budget; CFO reports note sale of tax anticipation notes and pending reimbursements

June 27, 2025 | North Wasco County SD 21, School Districts, Oregon


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Board adopts 2025–26 budget; CFO reports note sale of tax anticipation notes and pending reimbursements
The North Wasco County SD 21 board adopted the district’s 2025–26 budget by approving Resolution 25‑26‑01, which the chief financial officer said matches the budget committee’s recommendations and includes adopting, appropriating, imposing and categorizing taxes for the fiscal year.

Chief Financial Officer (Mr. Anderson) presented the resolution and several supplemental budget items that reflect subsequent grant awards and revenue adjustments. He said the overall grand total of the budget remained the same as approved by the budget committee but that staff moved some staffing line items between buildings prior to entering budgets into the accounting system.

Anderson described supplemental budget items to recognize unanticipated grant revenue, to appropriate a gift from Les Schwab Tire Center for a press box project, to reconcile a student investment account grant, to transfer appropriations within the general fund, and to move final ESSER money to Mosier Community School. He asked the board to approve grouped resolutions to recognize and appropriate these funds.

Anderson also reported the district sold tax anticipation notes on June 12 with a coupon rate of about 4%; he said market demand produced bond premium and that the district “netted a million $7.46” (transcript) with a note repayment obligation of roughly a million $7.90 due in December. He described an effective interest rate slightly below 4 percent after premium was considered. Anderson said timing differences in property tax collections and a lowered enrollment estimate reduced state school fund revenue by approximately $1 million, and he expects property tax settlements to reconcile shortfalls next May.

Anderson told the board the district had received a $500,000 EPA brownfields grant to mitigate materials at the old Chenoweth Middle School. He said the district had procured a qualified environmental professional (QEP) to oversee the work and planned an RFP for the contractor; the QEP bid was $83,500.

The board approved the budget resolution and a set of supplemental resolutions in roll‑call voice votes recorded by the chair. Following the presentation, Anderson thanked staff in food service, transportation and maintenance for their work and noted year‑to‑date service metrics (school meals served, bus miles driven, work order completion rates).

The board approved the food service management contract extension with Sodexo America LLC and several other business items included on the action calendar during the same meeting.

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