Bond Oversight Committee To Be Formed in October

Deadline to apply to serve on this committee is October 10, 2018

The Bond Oversight Committee will actively monitor the Corvallis School District bond program in the following ways:

• Ensure bond revenues are used only for the purposes consistent with the voter-approved 2018 bond measure and consistent with state law.
• Serve as a key communicator of information related to the bond to ensure transparency to all stakeholders.
• Review bond program performance and financial audits; may inspect school facilities and grounds related to bond activities accompanied by district staff.

The committee will meet quarterly to review reports produced by the district each year the bond proceeds are spent in order to assess general compliance with the bond measure approved by voters.

The Bond Oversight Committee will be comprised of seven members and a representative from the Corvallis School Board. Committee members will primarily be professionals with experience in construction, finance, auditing, public budgeting, banking and general business.

Committee members will be selected through an application process and approved by the superintendent. Applicants will be notified on October 16. The application is available online. Please follow the link below to complete the application.

• APPLICATION CLOSED ON 10/10/2018

The first committee meeting will be held on Monday, October 22, 2018. At that meeting, the committee will nominate and appoint a committee chairperson who will work with staff liaison members to plan committee meetings and activities and to facilitate committee meetings.

Please call 541-757-4487 if you have questions or visit the district Bond Program page for information about bond projects.