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Board approves appropriation transfer and grants one-year exception to fund-balance policy
Summary
Board approved an appropriation transfer (Resolution 2026-15) to reallocate spending capacity and unanimously granted a one-year exception to fund-balance policy DBDB after staff said current projections fall short of the district’s 7% target.
The Newberg SD 29J board approved routine financial adjustments and a policy exception at its June 9 meeting.
Chief financial officer Nate explained an appropriation transfer intended to move spending authority between appropriation levels so the district will not report expenditures out of appropriation on the annual audit. He told the board the transfer does not change total budgeted dollars; it reallocates where spending may occur. The board approved Resolution 2026-15 revising general fund appropriations by unanimous voice vote.
Staff then reviewed board-policy DBDB, which identifies a combined 7% target (2% reserve plus 5% unappropriated ending fund balance). Current projections, staff said, show a fund balance closer to about 1% and the district cannot meet the DBDB target this year; staff requested a policy exception for the 2025–26 school year. Board members discussed whether to make the exception a recurring or single-year practice; by unanimous vote the board granted a one-year exception to policy DBDB for 2025–26.
Ending: The financial approvals were procedural votes to maintain compliance with appropriation rules and to acknowledge current fiscal projections; the board will continue fiscal monitoring and sustainability work.
