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District posts December surplus; timber revenue and legislative risks flagged
Summary
The district reported a December surplus ($774,000) and nearly $12 million in net cash, but staff warned that timber revenue is lagged and could be affected by pending legislation that would reclassify DNR land and affect junior taxing districts' timber income.
In its financial report, district staff said December apportionment receipts were a little over $6,000,000 and expenditures about $5,400,000, leaving a reported surplus of $774,000 for the month. Staff also reported nearly $12,000,000 in net cash and investments, roughly 17% of the overall budget.
"We had, 9% of our apportionment at 6, little over 6,000,000 and expenditures at 5,400,000. So we had a surplus of 774,000," said the staff member presenting the December numbers (Staff member, SEG 633-639). The board discussed that timber revenues are lagged by two to three years because sales and harvest timing affect when receipts are reconciled. Staff cautioned that a proposed House bill discussed later in the meeting (referred to as 'house bill 21 70') would set aside DNR-managed acres for carbon-credit programs and could reduce timber dollars flowing to junior taxing districts, potentially cutting hundreds of thousands in expected revenue.
Why it matters: The reported surplus provides short-term budget flexibility, but uncertainty in timber receipts and potential legislative changes could affect multi-year budgeting. Staff flagged the need to monitor timber-sale reconciliations and legislative outcomes that might shift revenue flows to the district.
Next steps: Finance staff will continue monthly reporting, monitor timber-sale reconciliations, and provide updates if legislative action changes revenue projections.
