1 / 14

Program Accountability – Citizens Bond Oversight Committee Requirements

Learn about the responsibilities and limitations of the Citizens Bond Oversight Committee in ensuring transparency and proper use of bond proceeds in school districts. Discover the requirements and activities of this committee to protect public interests.

chesterl
Download Presentation

Program Accountability – Citizens Bond Oversight Committee Requirements

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Program Accountability – Citizens Bond Oversight Committee Requirements 2016 Presented by: Raffi Soghomonian

  2. REQUIREMENTS Answer: When a district passes a Prop 39 Bond. Measure E passed in June 2016. Question: When is a Citizens Bond Oversight Committee required?

  3. Understanding the Role Purpose of the Committee: • To inform the public concerning the expenditure of bond proceeds. • To promptly alert the public to any waste or improper expenditures of bond money. • Issue annual reports of the results of the committee’s activities and findings.

  4. In order to carry out it’s purpose, the Committee may: • Receive and review copies of the district’s annual independent financial and performance audits. • Inspect school facilities & grounds. • Review District efforts to maximize bond revenues through implementation of cost containment measures: • Professional fees • Site preparation • Joint-use of facilities • Design efficiencies • Reusable facilities plans

  5. The Committee Does Not Have Authority to: • Evaluate School Facilities Needs • Determine When New Facilities are Needed • Approve Construction Work • Select Sites • Determine Method of Financing • Establish Policies & Regulations • Determine or Approve Bond Program Implementation Plan • Select Architects or Engineers • Authorize Projects for Bid • Award Contracts • Approve Change Orders • Accept Completed Projects

  6. Required District Assistance • Assistance for compliance with the Brown Act • Assistance with the preparation of committee reports • Making all documents and minutes available on the website The District must provide administrative and technical assistance to the CBOC, including:

  7. Bonds Sold • Measure E voter approved in June 1016 Total amount of $15,000,000 Amount sold $4,600,000 • Measure O approved in November 2004 Total of $6,400,000 Amount remanding sold $1,699,867.65

  8. Board Approved Projects • 1. Orosi High School Science Building with 8 classrooms , collaboration room, student restrooms and staff restrooms. Total estimated cost: $ 6,400,000. Scheduled for completion in August 2017.

  9. Board Approved Projects, continued • 2. Orosi High School Stadium Renovation with all-weather 9 lane track and upgrades to the stadium. Estimated cost: $ 3,419,658. Scheduled for completion in September 2018.

  10. Board Approved Projects, continued • 3. New baseball/soccer field construction between Orosi High School and El Monte Schools Estimated cost: $ 2,700,000. Scheduled for completion in September 2018.

  11. Board Approved Projects, continued • 4. Cost for Modernization Plans. • Bond funds will be used for Modernization plans for Cutler, Palm, Golden Valley and El Monte Schools.

  12. Orosi High School Science Wing

  13. Orosi High All Weather Track

  14. New Baseball/Soccer Fields

More Related