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Silver Falls SD 4J reports clean audit, improved net position and projected modest surplus
Summary
The Silver Falls School District reported an unmodified (clean) audit opinion and a $5 million improvement in net position, projecting about $54M in revenues and $52.4M in expenditures for a roughly $1.6M surplus; trustees discussed reserve policy and capital needs.
The Silver Falls School District Board of Education heard a finance update Feb. 9 that the district received an unmodified — or "clean" — audit opinion and is projecting a modest positive margin for the fiscal year.
Tom, presenting the enrollment and finance report, said statewide revenue forecasts improved and the district’s projections show approximately $54,000,000 in revenues against about $52,400,000 in expenditures, producing an approximate $1,600,000 surplus under current assumptions. He told the board the district’s net position improved by about…
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