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Finance advisory committee presents timeline showing $10.5 million general-fund decline over three years
Summary
At the March 11 meeting the board heard a nine-page finance advisory committee community report showing a $10.5 million decline in general fund balance from 2021 through 2024 and detailing reconciliation and next steps to stabilize district finances.
The Newberg School District Board of Directors reviewed a nine-page finance advisory committee report at its March 11 meeting that documents declines to the district's general fund and outlines reconciliation and next steps.
Director Hayden presented the committee's summary, which is included in the board packet. The report states that, when comparing general-fund actual revenue, expenditures and fund balance from fiscal 2021 through fiscal 2024, the fund balance declined by $10,500,000. The document also says revenue fell by…
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