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Board approves amendment to artificial-turf replacement fund to allocate 50% of field-use fees to fund
Summary
The board approved a policy change reallocating field-use fee revenue so that 50% of gross field-use fees will fund the district's artificial turf replacement fund and 50% will remain in the community schools fund to cover indirect costs and staffing, a move staff said will ease general-fund pressure for the coming biennium.
The Lake Oswego School District board voted on March 10 to amend its policy for the artificial turf replacement fund so that one-half of gross field-use fee revenue will be dedicated to the replacement fund and the other half will remain in the community schools fund.
Staff said the district's accounting and reporting treatment for the turf replacement fund was originally set up to comply with Governmental…
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