North Clackamas projects $63.3 million ending fund balance; staff warns of state funding risks
Summary
Executive Director Matthew Makara told the board the district’s projected ending fund balance for fiscal year 2025–26 is about $63.3 million, and staff flagged risks including potential reductions to the state school fund, grant changes, facility needs and enrollment shifts.
Matthew Makara, executive director of finance and business services, presented the quarterly financial report for the quarter ended Sept. 30, 2025 and told the board the district’s ending fund balance for fiscal year 2025–26 “currently projects to approximately $63,300,000.” Makara said revenues and expenditures so far are in line with expectations.
Makara listed several factors that could affect future reports: potential reductions to state school fund allocations; possible needs for the general fund to support services or positions if grants are reduced; additional facility needs; and the financial effects of changes in student enrollment. He also noted the district’s cash flow is adequate to cover expenses and that the district expects an increase in investments as tax turnover revenues begin to arrive.
Makara concluded by inviting questions; board members thanked him for the thorough report. No additional board action was taken during the meeting.
The figures presented are projections for the fiscal year and were framed by staff as subject to change if state allocations, grants, or enrollment shift.
