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District reports $6.05 million unaudited general‑fund balance; remains below 8% minimum target
Summary
Lake Oswego School District officials presented a preliminary, unaudited fiscal‑year 2025 general‑fund result showing an ending fund balance of roughly $6.05 million, short of the board’s 8% minimum reserve target.
Lake Oswego School District officials presented a preliminary, unaudited general‑fund year‑end report showing an ending fund balance of about $6.05 million for fiscal year 2025.
CFO Mike Ketzler told the board the figure was higher than earlier projections because the district took proactive spending measures during the year and some revenue streams improved. He said the district’s balance remains below the…
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