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Public commenter urges board review of alleged debt service fund diversions
Summary
A resident told the board a letter to the business office alleges debt-service revenues were diverted to other purposes in prior years and urged the board to review the issue; the commenter warned auditors and the Department of Revenue could require corrections that might freeze funds if not addressed by year end.
Public commenter Mr. McCabe told the board he had written to the business office about the debt service fund and said the document "prohibits these revenues from being diverted to other purposes." He said auditors may have to go back through prior years if the accounting is incorrect and warned of potential consequences if the issue is not corrected by year-end. "If it is not corrected by December 31, the funds will be frozen for 2025," he said.
Mr. McCabe urged the board to review the letter and take appropriate action to conform to state law. The board chair acknowledged the comment and there was no immediate staff response recorded in the meeting; the district may follow up through its audit process.
