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District reports $6.07 million unaudited general‑fund balance; below target by $3.8 million
Summary
Chief finance staff told the board the preliminary, unaudited fiscal‑year 2025 ending general fund balance was $6,067,000, below the district’s 8% minimum target by about $3.8 million. Auditors begin field work next week and the district plans a December update.
Lake Oswego School District staff presented a preliminary unaudited year‑end general fund report showing a June 30, 2025 ending fund balance of $6,067,000 and outlined next steps for district budgeting.
Mister Ketzler, presenting the report, said the district moved proactively during the fiscal year to limit staffing and other spending where possible and that those measures, along with some better‑than‑expected revenue flows, helped produce the positive result. “The ending fund balance ended up being over…
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