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Preliminary unaudited FY25 shows $6.07 million ending general fund balance; district remains below 8% reserve target
Summary
The district’s preliminary unaudited general fund results for fiscal year 2025 show an ending fund balance of about $6,067,000, an amount district staff said is below the board’s 8% minimum reserve target and will require a multiyear effort to rebuild.
Lake Oswego School District business staff presented a preliminary, unaudited general fund summary for the fiscal year ended June 30, 2025, reporting an ending fund balance of approximately $6,067,000 and outlining drivers of the result.
Mister Ketzler said early projections in 2024 signaled a potential shortfall tied to rising PERS costs and state funding pressures. He said the district took “proactive measures” — such as not immediately backfilling vacant positions…
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