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North Wasco CFO reports positive fund balance, $38.5M encumbrances and $1.8M tax anticipation note
Summary
CFO Dan Peterson told the board the district remains solvent, with assets exceeding liabilities and a positive ending fund balance; encumbrances exceed $38 million and the district is carrying a tax anticipation note of roughly $1.8 million until county tax receipts arrive.
Dan Peterson, the district’s chief financial officer, told the board that North Wasco County School District 21 is solvent and has a positive ending fund balance for 2024–25, but that encumbrances and seasonal cash‑flow timing are notable concerns.
"If you look ... our assets exceed our liabilities. We have a positive ending fund balance so we're solvent and that's good," Peterson said. He explained that, by governmental accounting rules,…
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