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District projects small net revenue gain but flags $383,000 transportation shortfall and potential supplemental budget
Summary
Business/financial report projected a modest positive adjustment to state school fund revenue but staff told the board the First Student contract and transportation invoicing will push transportation costs well above budget and may require a supplemental appropriation.
The Silver Falls School District received an updated financial and enrollment report on Feb. 10 that projected modest positive revenue adjustments for 2024–25 but flagged an overrun in transportation costs that may require a budget amendment.
The presenter said the district’s May reconciliation with the state could yield an approximately $450,000 positive adjustment tied to property‑tax and transportation grant reconciliations. "What I am verbally, projecting ... we will see approximately a 450,000 if not more positive adjustment in our May payment," the finance presenter told the board.
At the same time, staff said…
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