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Committee reviews state school fund estimate updates and potential appropriation adjustments
Summary
The committee discussed updates to the State School Fund estimates, property tax true-ups, common school fund receipts and a likely supplemental appropriation request in April to rebalance appropriation levels; finance staff said updated figures were submitted to the state in December and the May adjustment is expected to be final.
Finance Director Nate Bridal and committee members reviewed updated State School Fund (SSF) estimates and related appropriation impacts for Newberg School District 29J.
Nate said updates submitted to the Oregon Department of Education (ODE) in December were reflected in the district's January financial report; he reported that property tax collections and average daily membership (ADM) figures had been trued up and that the district incorporated increases in property taxes received. He said ADM is down from prior counts and will remain the "hold harmless" figure until enrollment changes (for example, more kindergarteners or move-ins) modify the trend. Nate said the district is preparing submissions for high-cost disability and excess-cost reimbursements that are…
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