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Oakrove trustees told to find multi‑year cuts as district cites $8M structural deficit
Summary
District finance staff told the board the district faces an $8M gap driven by declining enrollment and ongoing costs; staff outlined one‑time state funding that reduces this year’s shortfall and said the county requires a plan to eliminate deficit spending by 2027–28.
Superintendent Chitz and Associate Superintendent Evans told the Oakrove School District Board of Trustees on Oct. 16 that the district faces a structural deficit that will require multi‑year reductions.
Associate Superintendent Evans said the district’s ending fund balance is about $35 million, of which roughly $24 million is legally restricted. “Of that $35 million ending fund balance this year about $24 million of it was restricted and 10 million of it basically was unrestricted,” Evans said. He explained the district must maintain a 3 percent required reserve (about $4.5 million) and that truly available one‑time…
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