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Board reviews financial statement; projected ending fund balance set at $3.64 million
Summary
Director of Fiscal Services Shy Chapman and Superintendent Bare presented the financial statement through Feb. 27, 2025, projecting an estimated ending fund balance of $3,638,429 and outlining supplemental budget authority rules under ORS 294.471.
Director of Fiscal Services Shy Chapman presented the district’s financial statement through Feb. 27, 2025, showing a projected ending fund balance on June 30, 2025 of $3,638,429. The packet includes detailed revenue and expenditure tables and notes that updated SSF estimates reduced expected revenue by $147,789.04.
Chapman reviewed Oregon supplemental budget law (ORS 294.471), explaining a supplemental budget may be prepared when unexpected funds become available or unforeseen conditions require adjustments; if the change affects expenditures by 10% or less, adoption may occur at a regular board meeting. Staff flagged several supplemental appropriation requests in the packet tied to recent grant awards.
