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Hermiston SD reports projected 12% ending fund balance; board asked to hold 10% minimum for 2025–26 planning
Summary
District finance staff reviewed enrollment-weighted funding (ADMW), state school fund estimates and reserves, recommending a continued 10% minimum ending fund balance while planning for higher PERS employer rates and a likely $5 million first-year impact from those rate increases.
District finance staff briefed the Hermiston School District Board of Directors on Feb. 24 about the district's financial position and recommended planning parameters for the 2025–26 budget.
Miss Saul, district finance staff, told the board the district is currently projecting an ending fund balance of roughly 12% of revenues for the 2024–25 year and recommended continuing to target a 10% minimum ending fund balance in board policy for 2025–26. “Weare not going to make any decisions tonight,” Miss Saul said at the start of the discussion, noting the board was reviewing planning parameters rather than adopting a budget.
Saul walked the board through revenue and enrollment drivers. The district is tracking a decline in average daily membership weighted (ADMW) of roughly 40 weighted units compared…
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