Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director: district audit clean, reserves above targets; one fund short but corrective transfers planned
Summary
The district reported an unmodified audit opinion, an ending fund balance of 18.4%, and capital reserves above target; the risk management fund was slightly below target but expected to rise after transfers.
Molalla River SD 35’s finance team reported an unmodified audit opinion and solid reserve balances during the board work session, and flagged one fund that will need an intra‑year transfer to meet its target.
The update matters because audit findings and reserve levels are indicators of district fiscal health and affect long‑term planning.
Director Gillard (finance presenter)…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
