Board briefed on $6M bond issuance and function-level budget overrun
Staff explained a recent $6 million bond issuance, said full proceeds should be booked for accounting purposes, and noted issuance-related expenses pushed the district above a function-level budget authority (not total fund), creating a reporting violation.
The full story
During the financial presentation, staff reviewed the district's recent bond issuance and its budgetary treatment.
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