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Smith presents 2024'—25 budget amendment; district projects $183M in general-fund revenue and agrees to $1M transfer to capital projects
Summary
Chief financial officer Missus Smith told the board that new state MSR/147-series categoricals and stronger interest earnings would increase projected general-fund revenue to just over $183 million; combined adjustments raise expenditures to about $185 million. The board agreed to a $1,000,000 transfer to the capital projects fund to support facility projects and directed staff to place the full amendment on the regular meeting agenda for a vote.
Missus Smith reviewed a proposed first amendment to the 2024'—25 budget, driven largely by changes in state retirement-related categoricals (147-series/MSR) and stronger-than-projected interest earnings on district cash balances.
Smith said combining all MSR changes totals approximately $6.9 million in additional revenue for the district and that she expects general-fund revenue for the year to be "just over $183,000,000." She explained that some MSR lines are flow-throughs to ORS and that other…
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