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Finance director reports $42.5 million bond issuance, procurement audit lessons
Summary
The district's finance staff reported a procurement audit and minority-business reporting work, and said the district recently issued $42.5 million in bonds — $30 million for an elementary school balance and $12.5 million to refund prior debt — and expects additional bond activity tied to voter-approved high school funding.
The Clover School District's finance staff provided a procurement and bonding update at Tuesday's work session, reporting lessons from a recent procurement audit and summarizing recent and upcoming bond transactions.
Why it matters: Bond issuances fund capital projects, including a pending elementary-school project and a voter-approved high school; procurement and minority-business reporting affect how the district contracts for goods and…
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