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Board amends artificial turf replacement fund policy, redirects 50% of field-use fees
Summary
The Lake Oswego School District board approved a policy amendment on March 10 to allocate 50% of district-collected field-use fees to the artificial turf replacement fund, shifting the prior 100% allocation and keeping the other 50% in the community schools fund to cover indirect costs.
The Lake Oswego School District Board of Directors voted March 10 to amend the district's artificial turf replacement fund policy so that 50% of field-use fees will be dedicated to the turf replacement fund and the remaining 50% will remain in the community schools fund to cover field-management costs.
District staff said the change responds to Governmental Accounting Standards Board (GASB) requirements for…
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