Providing Services for Citizens’ Bond Oversight Committees
IN THE NEWS & UPDATES
President’s Report
EXCERPT: … Greetings! This is the first in what is hoped to be a series of quarterly President Reports that will serve not only as information for our Board meetings but will also be posted on our web site so that the public and bond oversight members know the status of our services.
The services we provide those who believe in active independent bond oversight are so important, especially when one considers the $180.8 billion in Proposition 39 (55%) school bonds that have been issued to date. Furthermore, there was a total of $18.8 billion in bonds approved in March and November of 2020 by 92 School and Community College Districts. … READ MORE
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El Rancho Promises Changes After State Audit Finds Potential Fraud
January 5, 2021 | By Bradley Bermont | Pasadena Star-News
EXCERPT: … El Rancho Unified officials didn’t have much of a holiday vacation, meeting for nearly four hours between Christmas and New Year’s Eve to sign off on a 13-page response to a state audit that found evidence of potential fraud within the district’s $200 million Measure ER bond program.
The response — submitted on Dec. 30 to county officials who ordered the state audit — detailed how the district would change its policies, procedures and accountability measures to shore up numerous shortcomings identified. …
Superintendent Frances Esparza made similar remarks, stating, “This is not a document for us to understand exactly what happened.” … “The only way we are going to find out what really happened is once the District Attorney receives this report and looks into it a little further,” Esparza said. …
The audit was singularly focused on the district’s internal fraud controls, saying they were hampered by a rotating cast of superintendents and chief business officers, and warned about past involvement from board members who inappropriately inserted themselves into a hiring process that should have been led by district staff. … READ MORE
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“$180.8 Billion Proposition 39 School Bonds
Approved by Voters”
CABOC Purpose
“The purpose of this Association is to provide training, assistance, and encouragement to California School Proposition 39 Citizens’ Bond Oversight Committee Members through development of training materials, delivery of online training, conferences, workshops, formation of regional groups of California Citizens’ Bond Oversight Committees and representing common interest at the statewide level.”
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External Sites
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- Best Practices
- Bond Audit Reports
- Bond Directory
- Bonds 101
- Bonds Clearinghouse
- California Audit Guide
- CBOC Legal Codes
- Certified Public Accountants
- Debt Financing Guide
- Division of State Architect
- Fiscal Procedures Manual
- Government Auditing Standards
- Grand Jury Reports
- Legal Codes
- Legislative Bills
- Management Plan
- Open Meetings (Brown Act)
- Project Tracking (CA Grants)
- Proposition 39
- Public Forum Law
- Public Record Request Advice
- Recommendations for Improvement
- Rules of Order Robert’s
- Rules of Order Rosenberg’s
- School Accounting Manual
- School Bond Study
- State Audits CBOC
- Transparency
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