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District flags risk to ending fund balance; staff cautions on grant timing
Summary
During the superintendent's report the board heard concerns that the district's ending fund balance could approach zero and was warned that reimbursable grant funding can take months or the full year to arrive; staff also noted there is no summer learning grant award from ODE for the next three years.
During the Superintendent's Reports block the financial report raised concerns about the districts ending fund balance and the timing of grant reimbursements. The report recorded that staff questioned whether there was a chance the ending fund balance could reach $0 and warned that reimbursable grant funding can take months, or even an entire school year, to arrive.
The financial report also noted there will be no summer learning grant award from the Oregon Department of Education (ODE) for the next three years. Board members did not take a formal vote on new revenue or cuts at the meeting; the item remained an informational report and part of ongoing budget monitoring.
