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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 by $6.7 million, consisting of a $4.9 million rise in state school fund revenue (updated enrollment and teacher experience), $1.5 million in additional investment interest and $200,000 in increased high‑cost‑disability reimbursements.
Forecasted expenses rose $7.9 million, the presentation said, including a net $1.4 million increase spread across salaries, benefits, purchase services and capital. Transfers out rose by $6.5 million, driven by a proposed $2.0 million contribution to a PERS reserve and $4.5 million for the Wichita acquisition and related improvement projects. Those transfers will be included in a supplemental budget that McCarra said will come before the board before fiscal year end.
The board received the quarterly investment report showing types, maturity dates and fund allocations of current investments. No action was taken at the meeting; McCarra offered to answer follow‑up questions from board members.
