Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Klamath County SD budget committee hears FY-to-date finances, one-time ESSER spending and fund-balance tradeoffs
Summary
District finance staff told budget committee members the district remains within its fund-balance policy after using one-time ESSER and general-fund resources for capital projects; administrators warned the board that one-time project spending has reduced available fund balance ahead of contract negotiations and a June 30 budget filing.
District business staff told the Klamath County School District budget committee on Thursday that the district’s finances remain within policy but that one-time ESSER and general-fund spending has drawn down reserves. The district reported $83.7 million in actual revenues and $63.5 million in expenditures through March 31, with a projected ending fund balance in the $5.4–$5.5 million range (about 4.85% of the budget), close to the district policy floor of 4%.
The Director of Business Services (S3) walked the committee through reconciled numbers and said the district began the year with a roughly $22 million fund balance and has reclassified many projects into construction reserve accounts. “So where we think we end up is 5.4, almost 5.5 million, which…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
