Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Oregon City Schools reports $12 million in transfers, warns state budget may cut funding
Summary
The Oregon Board of Education on July 15 accepted a fiscal year-end financial report showing roughly $12 million transferred out of the general fund, including $10 million to capital projects and $1.5 million to a newly funded severance account.
The Oregon Board of Education on July 15 accepted a fiscal year-end financial report that the interim treasurer said included ‘‘a little over $12,000,000’’ in transfers out of the general fund.
Interim Treasurer (name not stated) told the board the district transferred about $10,000,000 into a capital projects fund and $1,500,000 into a severance fund, which previously held about $12,000. "That 1,500,000.0 would offset the if we traditionally paid services out of the general fund, so it would offset the general fund a little bit, provide them with some relief," the treasurer said at 00:10:07.
The treasurer…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
