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North Clackamas projects $72.5 million ending fund balance; board warned margins tightening
Summary
Finance director reported a projected ending fund balance of approximately $72,500,000 for the quarter ended Dec. 31, 2024, while noting narrowing gaps between revenues and expenses and monitoring potential drivers such as enrollment and PERS costs.
The North Clackamas School District’s executive director of finance and business services told the board on Feb. 27 that the district projects an ending fund balance of about $72,500,000 for the quarter ended Dec. 31, 2024 and that revenues and expenses are in line with expectations for this point in the fiscal year.
Why it matters: The district’s reserve position supports operations and capital planning, but staff told the board the margin between revenues and expenditures is…
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