(2) The school district board or education service district board may contract for its audit with the administrative office for the county in which the administrative office of the school district or education service district is located. The administrative office for the county shall secure the services of accountants who shall audit the books and accounts of the districts and file with the administrative office for the county a statement setting forth the financial condition of each district. A copy of the audit report of the district shall be sent to the appropriate board of the district. Each district, upon receipt of billing from the administrative office for the county, shall pay its share of the audit costs.
(3) A school district board or an education service district board may contract with accountants to audit the books and accounts of the district.
(4) Accountants under contract as described in subsection (2) or (3) of this section must be selected from the roster of authorized municipal accountants maintained by the Oregon Board of Accountancy under ORS 297.670.
(5) The audit required by this section must include an audit of those factors that are used to compute the State School Fund distribution under ORS 327.011, 327.013 or 327.019. [1965 c.100 §64; 1975 c.770 §7; 1997 c.821 §22; 2003 c.226 §9; 2011 c.316 §1]
Structure 2021 Oregon Revised Statutes
Volume : 09 - Education and Culture
Chapter 328 - Local Financing of Education
Section 328.001 - Definitions for chapter.
Section 328.005 - County school fund; uses.
Section 328.115 - Loan of fund and rental of lands; disbursement of interest and rents.
Section 328.140 - Sale, rental or lease of property; disposition of proceeds.
Section 328.205 - Power to contract bonded indebtedness; use of proceeds to pay expenses of issue.
Section 328.210 - Bond elections.
Section 328.213 - Issuance of negotiable interest-bearing warrants.
Section 328.245 - Limitation on bonded debt of districts generally.
Section 328.260 - Tax levy to pay interest and principal of bonds; use of funds derived from tax.
Section 328.265 - School district bond tax levied by county.
Section 328.270 - Payment of principal and interest; collection commission.
Section 328.275 - Redemption and payment of bonds.
Section 328.280 - Funding or refunding district indebtedness.
Section 328.284 - Funds diversion agreement related to payment on revenue bonds.
Section 328.300 - Marketing bonds jointly or through association.
Section 328.304 - County education bond district; creation; powers; purpose.
Section 328.316 - Impact aid revenue bonds; issuance; requirements.
Section 328.318 - Funds required for impact aid revenue bonds.
Section 328.321 - Definitions for ORS 328.321 to 328.356.
Section 328.326 - State guaranty of school bonds allowed.
Section 328.336 - Determination of ineligibility.
Section 328.346 - Recovery from school districts of payments on school bonds by State Treasurer.
Section 328.348 - Security for school bond obligations.
Section 328.361 - Short title.
Section 328.441 - Custody and disbursement of school district funds.
Section 328.445 - Disbursement of school funds by check or warrant.
Section 328.450 - School warrant procedure.
Section 328.460 - Cancellation of school warrants not presented for payment within seven years.
Section 328.465 - Annual audit procedure.
Section 328.467 - Audit determinations; deficiencies; correction; sanctions.
Section 328.542 - Preparation of district budget; certification of taxes.
Section 328.555 - Property liable for district indebtedness; tax levy.
Section 328.565 - Power to create indebtedness; zone academy bonds; tax credit bonds.
Section 328.570 - Division of district into tax zones.
Section 328.573 - Notice of public hearing on tax zones.
Section 328.576 - Public hearing; resolution to establish tax zones.
Section 328.579 - Determination of tax in zones; limitations.