Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
District finance briefing: fund balance healthy but rising PERS, fringe costs and Title I uncertainties loom
Summary
District finance staff reported an FY25 ending fund balance of about $3.1 million and slightly stronger revenues than budgeted, while administrators warned of rising fringe and PERS costs and possible 25–30% federal Title I reductions that could affect staffing and services.
District finance staff reported that FY25 closed with revenues slightly above budget and an ending fund balance of roughly $3.1 million. Finance director Tom summarized the numbers: "That gives us the ending fund balance of 3,100,000," and noted that budget conservatism plus a larger-than-expected beginning fund balance produced better-than-expected FY25 results.
Superintendent and staff urged caution looking forward. The superintendent said the state economic forecast and federal tax proposals could reduce Oregon's taxable income and state revenues; staff flagged an expected 25–30% decrease in federal Title I funds for the next budget cycle. Board members and staff discussed the compounding effect of rising benefits and employer PERS rates and the need to plan multi-year projections for contract negotiations.
