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Finance presenter says district ends year with stronger balance than expected; board approves purchase of three activity buses
Summary
Janet, the district finance presenter, told the board the general fund expects an $11.3 million ending balance despite a $3.0 million revenue shortfall; the board approved buying three Type A activity buses and discussed using one‑time funds for student success staffing.
Janet, the presenter introduced by the chair for the financial report, told the Klamath County SD board that the district’s general fund was budgeted at $112,879,251 but had collected $109,876,538 to date — a shortfall of $3,002,713. She said that lower common‑school fund receipts and county timber estimates explained most of the variance.
"Every budget decision we make is guided by commitment to student success," Janet said, explaining the revenue and expenditure reviews. She told the board the district began the fiscal year with a fund balance of $8,206,857 and now anticipates an ending balance of $11,295,822 after current estimates and period‑13 adjustments.
Janet outlined the expenditure picture — salaries and benefits are underspent by roughly $3.2 million, capital outlay includes bus purchases from the prior fiscal plan, and interfund transfers (including a fund tied to SB 1149 receipts from Pacific Power) helped reimburse the general fund. She described period‑13 accruals — expenses incurred before June 30 that are recognized in FY2026 — and said field audit work is scheduled for the week of Sept. 28, with a draft to be reviewed by the board and a final audit submitted to the state by the deadline Janet cited.
The presenter said the improved ending balance creates room to hire five paraeducators for student‑success rooms at an estimated total cost of about $345,000, with materials paid primarily from Title funds.
On transportation, Janet recommended purchasing three new Type A activity buses. She told the board the bus department had budgeted $500,000 for equipment and that the vendor quote shown in the packet was $340,000; board members then reviewed specifications (all‑wheel drive, backup cameras and battery options) and contacted the vendor during the meeting to confirm which optional items were included in the sales price. The board later approved the bus purchase as part of action items.
Next steps: the board will finalize period‑13 reconciliations in the audit process and bring hiring and procurement steps back to staff for implementation.
