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Operations director: district in strong cash position; enrollment is main fiscal risk
Summary
Director of Operations Daymond Monteith told the board the July financial report is preliminary and skewed by two state payments and limited payroll; Forecast5 models are still in development. He noted temporary withholding and release of Title II-A and after-school funds and said an IIA payment exceeded expectations.
Daymond Monteith, the district’s Director of Operations, presented the Klamath Falls City Schools board with a preliminary monthly financial report Aug. 11 and explained why July data are not yet fully representative of the fiscal year.
Monteith said July looks stronger because the district received two state school fund payments in that month while expenses appear lower because teachers are not on a full payroll cycle in July. He noted Forecast5 has produced a preliminary model but two additional models remain in development and are expected for the September meeting. "At present, the district is in a strong cash position," he told the board.
Monteith addressed grants and funding: two grants (Title II-A for professional development and an after-school program) had been temporarily withheld but were subsequently released. He also said IIA funds arrived in an amount greater than anticipated, which provides flexibility for next summer. He identified enrollment as the primary risk—that if projected student counts do not materialize in September the district’s fiscal posture would change.
Board members asked clarifying questions about state funding and grants; Monteith said he was not aware of new funding from the Governor beyond the legislature’s approved $11.36 billion biennial K-12 allocation and that transportation funding remains an area of focus for the Governor’s office. He closed by noting the report is preliminary and based mostly on forecasts until September payroll and additional models produce more complete data.
