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CFO updates on audit, bond schedule and construction excise tax options
Summary
The district’s CFO reported audit preparation and bond schedule timing, and the board discussed whether to raise the construction excise tax (current rate cited as $1.35 per $1,000 per square foot) with staff asked to provide analysis on collections under different rates.
Speaker 10, presenting financial matters, told the Molalla River School District board it is closing the books and preparing for an audit that begins at the end of August; there are no significant changes to the projected ending general fund balance. The general obligation bond schedule remains on track and the…
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