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Eagle Point SD 9 projects improved fund balance but flags 40-position reduction by attrition
Summary
District financial report Nov. 19 showed beginning fund balance about $1 million higher than budgeted and a projection to about 8% ending fund balance after planned budget adjustments; administrators said 40 positions were reduced primarily through attrition and staff impacts are limited to reassignments rather than mass layoffs.
The Eagle Point School District 9 finance presentation at the Nov. 19 board meeting reported a beginning fund balance roughly $1 million higher than expected and projected an improved ending fund balance of about 8% after planned budget adjustments.
"Our beginning fund balance is up about a million dollars more than I budgeted," the finance presenter said, and promised a detailed breakdown at the next meeting. The presenter said expenses are "well on track" and that a proposed budget adjustment lowering salaries and benefits would be…
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