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District staff outline bond planning after conference: Prop. 2 modernization funds exhausted but new‑construction funds remain
Summary
San Marino Unified staff reported on March 11 that modernization money under Proposition 2 is exhausted statewide but funds for new construction remain; the district will file a resolution and pursue required approvals to position projects for funding in future bond cycles.
San Marino Unified district staff on March 11 updated the board on bond planning and bond‑program management work following attendance at the California Association of School Business Officials (CASH) conference and training for the bond oversight committee.
Deputy/assistant staff said the district participated in sessions on bond management and financing, and that the oversight committee met for training on Feb. 27. Staff reported they are scheduling interviews for Bond Program Management Services and that the district's bond consultant is supporting the effort while a permanent team is built.
A central takeaway staff reported from the conference: modernization money under Proposition 2 has already been expended across the state, which means districts must be "in line" with plans and DSA approvals to be considered for future allocations when additional state bond money becomes available; however, staff said funding for new construction remains available and the district qualifies. Staff warned that the state bond queue means projects may not be funded immediately and that districts keep their place in line.
Staff told the board the county requires adoption of a resolution by the end of this fiscal year if the district intends to draw funds in 2025–26; staff will prepare and present that resolution and schedule a special study session to review the facilities master plan and prioritize projects. The oversight committee will appoint officers on March 27 and review bylaws provided at the last meeting.
Why it matters: The update explains the district's pathway to access state facility funds and the sequencing required to position projects for funding. If the district seeks modernization or new construction funds in future state bond cycles, planning, DSA approvals and board resolutions must be in place.
Ending: Staff said it will return with a resolution and a bond study session in the weeks ahead and continue to update the board and community.
