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Finance team gives bond budget update; staff report 15% contingency in project budget
Molalla River School District Board (work session) · October 25, 2024
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Summary
Finance staff presented an early bond financial report showing project accounting in fund 425, initial disbursements, and a total project contingency of about 15% covering construction, professional services and owner costs.
During the Oct. 24 work session, the district finance team presented a preliminary bond budget update and reporting format that will be provided regularly to the bond oversight committee. Staff said fund 425 is the district’s main building fund and that monthly and weekly updates will track expenses and encumbrances…
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