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

Contact CABOC

121 Ash Court, Hercules, CA 94547  •  510-697-7212

info.caboc@gmail.com