Silver Falls SD 4J reports clean audit, improved net position and projected modest surplus
The Silver Falls School District reported an unmodified (clean) audit opinion and a $5 million improvement in net position, projecting about $54M in revenues and $52.4M in expenditures for a roughly $1.6M surplus; trustees discussed reserve policy and capital needs.
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The Silver Falls School District Board of Education heard a finance update Feb. 9 that the district received an unmodified — or "clean" — audit opinion and is projecting a modest positive margin for the fiscal year.
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