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Budget committee debates tax‑anticipation loan and shrinking fund balances
Summary
Committee members questioned the district’s use of a tax‑anticipation note to avoid negative cash balances and pressed for clearer reserve targets after hearing that ending fund balance fell sharply the prior year.
Members of the North Wasco County SD 21 budget committee spent substantial time on the district’s cash‑flow and reserve position, focusing on a short‑term tax‑anticipation note (TAN) the CFO said was needed to cover operating costs until property tax receipts arrive.
Committee members noted the district’s ending fund balance declined to about $21,000 in a prior year and,…
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