Bond Overview, as of June 30, 2018

Bond Authorization:$265,000,000
Interest Earned:$1,053,047
Jonas Center Endowment:$5,000,000
Total Funding:$271,053,046

Total Expenditures:
$32,883,569
Funds Remaining:
$238,169,477
Note: Rounding factors may apply.

Annual Performance and Financial Audits

California Proposition 39 requires annual performance and financial audits. The performance and financial audits for the fiscal year ending June 30, 2018, were performed by an independent certified public accounting firm in accordance with generally accepted auditing standards and governmental auditing standards issued by the Comptroller General of the United States. The result of the performance audits for Measure B and Measure C is that the district spent the general obligation bond proceeds in accordance with the requirements of Proposition 39. The District received an unmodified opinion in the financial statement audit of both Measure B and Measure C general obligation bond activity for the year ended June 30, 2018. View the complete audit reports