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Business manager: federal grants total about $900,000; board to receive new financial reports in September
Summary
Business staff told the board federal grants (Title and IDEA) account for roughly $900,000 in budgeted revenue, with 95% earmarked for personnel; some allocations remain pending and preliminary figures are expected at the next meeting.
The business manager provided a financial update to the North Marion School District board, focusing on the status of federal funding and audit activity.
The business manager said the federal funding referenced in the presentation — including Title grants and the Individuals with Disabilities Education Act (IDEA) allocation — "Altogether, these make up about $900,000 in budgeted revenue." She said about 95% of that funding is allocated to personnel costs. Several grant allocations remain pending; the U.S. Department of Education had begun releasing statewide numbers and the Oregon Department of Education will determine local distributions. Preliminary allocations for some grants were expected to be available by the boards next meeting.
Staff described the budget as a living document that will require ongoing adjustments as actual allocations are confirmed. The business manager also described the interim audit process and said a final audit visit is expected in mid-September. Board members praised the proposed reporting format and asked staff to include the report authors name on future packets.
Ending: Staff will bring a preview of the new financial reports in August, with regular reporting to begin in September as the district monitors allocations and encumbrances.
