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Citizens Bond Oversight Committee says Measure BB bond spending complied with voter intent
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Summary
Dr. Perla Hernandez Trumco told the board the CBOCannual report found no improper expenses and independent audits issued unqualified opinions; the report lists recent project completions, remaining bond obligations and invites community members to apply to the oversight committee.
Dr. Perla Hernandez Trumco, presenting for the Citizens Bond Oversight Committee, told the Hacienda La Puente Unified School District board that independent financial and performance audits found Measure BB bond funds were used only for voter‑approved capital projects and that no improper expenses were identified. "It confirms that Hacienda La Puente Unified District is in full compliance with the bond rules," she said.
The committee's annual statement notes Measure BB originated as a November 2016 general‑obligation bond (listed in the report as $148,000,000). For fiscal year 2023–24 the district received about $78,000,000 in bond proceeds, recorded roughly $11,300,000 in project expenditures, and reported a fund balance restricted for future capital work of approximately $92,550,000. Presenters said remaining principal was about $78,000,000 with roughly $60,000,000 in interest obligations, leaving a remaining repayment obligation in the neighborhood of $138,000,000; the staff presented a life‑of‑bond combined repayment estimate of roughly $283 million by 2047.
Hernandez Trumco listed completed work in 2023–24 including room modernizations at Sparks and Newton Middle Schools and Grandview Academy, and ongoing Phase 2 and design‑start projects across elementary and high schools (classroom refreshes, technology upgrades, HVAC and security work). The report emphasized that bond funds were not used for salaries or administrative expenses and that quarterly CBOC meetings and audits support oversight and transparency.
Board members thanked the committee and encouraged the district to recruit applicants to fill CBOC vacancies. Hernandez Trumco closed by inviting community members to apply and by praising staff who supported the committee's review work.
The board received the annual report; no additional actions were taken beyond accepting the presentation and noting continued oversight.
