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Finance director: North Clackamas projects $86.6 million ending fund balance; revenue forecast up $11.7 million
Summary
Executive Director of Finance and Business Services Matt McCarra told the board the district’s preliminary projected ending fund balance for fiscal year 2024–25 is about $86.6 million and that forecasted revenue is approximately $11.7 million above budget, with transfers increased to build PERS reserves and for a facility acquisition.
Matt McCarra, executive director of finance and business services, presented the district’s quarterly financial report for the quarter ending June 30, 2025, saying the numbers are preliminary and subject to final audit.
“The numbers are preliminary and may change pending the final audit,” McCarra told the board. He said the projected ending general‑fund balance is approximately $86,600,000, or about 24% of general fund revenue.
McCarra said forecasted revenue is expected to exceed the adopted budget by about $11,700,000, with the state school fund projected to surpass budget by about $6,600,000. He said total expenditures are forecast to finish about $2,300,000 under budget, with salaries and benefits coming in roughly $14,300,000 under budget, partially offset by increases in purchased services (~$2,800,000) and supplies and materials (~$2,500,000). He said transfers out were increased by $6,500,000 for building additional PERS reserves and for acquisition and improvements to the Wichita Center facility.
McCarra also noted the district’s investment-reporting materials were included in the packet and said the district continues to maintain adequate cash flow.
Directors did not request further action during the meeting; McCarra said final figures will be confirmed through the audit process.
