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CFO: St. Helens fund balance improves slightly but PERS increase could create multimillion-dollar gap
Summary
Chief Financial Officer Christine Woodard reported an estimated 2024-25 ending fund balance near $1.0 million and a 2025-26 projection of about $1.056 million (roughly 2.6% of budget), below the board's 5% reserve policy; she warned a potential PERS employer increase (~30%) could cost roughly $3 million and staff are planning expense reductions.
St. Helens School District's chief financial officer told the board on Nov. 12 that the district's ending fund balance improved modestly but remains below the board's 5% target and that potential PERS contribution increases could create a significant shortfall.
Christine Woodard reported an estimated 2024-25 ending fund balance of about $1,000,001 and a…
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