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North Clackamas projects $71.2 million ending fund balance; plans transfers for PERS reserve and Wichita acquisition
Summary
The district's executive director of finance told the board the projected 2024–25 ending fund balance is about $71.2 million (20.3% of revenue) and outlined revenue increases, expense adjustments and planned transfers including $2 million for a PERS reserve and $4.5 million for the Wichita acquisition and improvement projects.
The North Clackamas School District projected an ending fund balance of about $71,200,000, equivalent to roughly 20.3% of forecasted revenue for fiscal 2024–25, the district’s executive director of finance said at the May 8 board meeting.
Matt McCarra told the board the district increased its revenue forecast…
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