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Interim audit clean; Seaside SD 10 secures short-term TANS loan at 4.19%
Summary
The district reported a clean interim audit and that it secured a Tax Anticipation Note (TANS) to be deposited on Friday at 4.19% interest, with payment due in December. The board was told there are no audit findings so far.
At the July 15 meeting, the district’s finance report noted a clean interim audit to date and no current findings. The finance presenter, Tony, told trustees the second half of the audit work will start in October and a single audit may follow; final audit materials are expected in January or February.
Tony also reported the district successfully secured a Tax Anticipation Note (TANS) that will be deposited into the district account on Friday with a 4.19% interest rate and a repayment date in December. "We completed our interim audit and we had no findings," Tony said. The board did not take separate action on the TANS at the meeting; the report was informational.
