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SFUSD bond oversight committee finds no material misuse; board authorizes final bond series up to $185 million
Summary
The citizens bond oversight committee reported no material misuse of Prop A bond funds (minor disallowed expenditures to be corrected); following the presentation the board authorized issuing up to $185 million in Proposition A bonds to finance facility work, approving the resolution by roll call.
The San Francisco Unified School District’s Citizens Bond Oversight Committee presented its FY 2008–09 audit on April 27, reporting no material misuse of Proposition A bond funds and recommending some minor procedural improvements.
Leonard Tom, financial manager for the district’s bond program, and vice-chair Mike Theriault summarized the audit results: auditors…
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