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Hermiston SD 8 trustees review July financials; district on track to reach 10% reserve target
Summary
At a Sept. 22 special meeting the Hermiston School Board heard a July financial report showing a projected $84.8 million in revenue, a beginning fund balance of about $11.4 million and a plan to draw reserves toward the board—s 10% target through one-time spending and transfers.
Hermiston School Board members on Sept. 22 received the district—s July board financial report, which projects $84.8 million in total revenue for the 2025–26 fiscal year and shows the district managing down an elevated fund balance toward a 10% policy target.
The presentation, given by the business office, said property tax receipts recorded in July reflect collections made in June, that the state made two state school fund payments in July under its accounting schedule, and that the district forecasted total revenue slightly above the district—s budget document figure of $84.6 million.
The board was shown a beginning general fund balance of about $11.4 million,…
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