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Oregon City board hears treasurer's financial snapshot; audit-method switch deferred
Summary
At the Aug. 12 Oregon City Board of Education meeting, the treasurer outlined early-year revenues and proposed switching to a cash-basis audit that "would save the district around $6,000 a year," but the board voted to defer a decision pending more discussion.
At its Aug. 12 meeting, the Oregon City Board of Education received a financial update from the district treasurer who said early state revenue timing and prepaid August salaries make early-month comparisons misleading and proposed changing the district's external audit method to cash-basis.
The treasurer said the district received more state funding earlier this year than last year and cautioned that August is a prepaid payroll…
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