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Board waives DBDB fund‑balance policy for 2025–26 after financial update showing low reserves
Summary
After a financial presentation showing the district’s ending general‑fund balance at roughly $1.02 million (about 1.7% of revenues), the board unanimously approved an exception to policy DBDB for 2025–26. Staff projected year‑end balances and noted continued budgetary pressure from utilities and contracts.
Newberg School District staff briefed the board on the district’s May financials and projected year‑end balances, then recommended a one‑year exception to board policy DBDB governing contingency and unappropriated fund balance; the board approved the exception unanimously.
A staff presenter said estimated revenues for the fiscal year are about $57,000,000 and expenditures were projected at about $56.03 million as of May 31, leaving a projected year‑end surplus…
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