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Finance director: district beginning fund balance $5.6M; projected ~$4M next year
Summary
Finance Director Pillick reported the district’s beginning fund balance at $5,600,000 and projected next year’s starting balance at about $4,000,000, urging fiscal discipline and continued oversight from the board.
Finance Director Pillick walked trustees through the district’s financial report and highlighted key figures administrators will watch in the coming year. “That’s 5,600,000. That’s the beginning fund balance for this year,” Pillick said, pointing to the current starting balance; he added that next year’s beginning balance is projected at about $4,000,000 with current running estimates near $3.9 million.
Pillick told the board the projections were made using last year’s spending patterns and that recent departmental cuts will help the bottom line. He recommended close oversight by staff and board members, and noted potential short‑term opportunities such as PERS bond options and awaiting final state numbers that could change the outlook.
Board members asked for an additional budget committee review midyear and Pillick agreed that Oregon budget law allows reconvening the budget committee if needed.
