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Hermiston board approves planning parameters and plans partial reserve transfers to offset PERS rate increases
Summary
The board adopted budget planning parameters unanimously and administrators recommended transferring portions of the district's biannual and PERS reserves into the general fund to smooth expected PERS rate increases while maintaining policy targets for ending fund balance.
Hermiston School District leaders presented budget planning parameters and reserve‑use recommendations at the March 10 board meeting and the board adopted the planning parameters unanimously.
Ms. Sol of the business office told the board the administration recommends keeping the budget target ending fund balance at 10 percent while the board policy remains at 8 percent. The district presented an enrollment assumption of flat ADMw and said updated state…
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