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Board approves final reconciliations for Measure G and Measure D bond funds
Summary
The board accepted final reconciliations for Measures G (Placer) and D (Del Oro), noting modest variances covered by restricted RDA/developer funds and interest earnings managed by the county treasury; the board voted to close the bond accounts.
Peter (district staff) presented the final reconciliation reports for Measure G (Placer) and Measure D (Del Oro) bond funds. He reported that Del Oro’s reconciliation showed a small underspend/overage of about $16,674 (verbal figure) and that Placer’s reconciliation ran slightly higher because of an HVAC project; both variances were covered by restricted development (RDA) funds and interest earnings held in the county treasury.
Peter explained the mechanics: bond proceeds were invested and drew interest while contractors were paid over time; interest earnings were managed through the treasury and helped pay for additional go‑back projects. Trustees asked about what fund would pay for future athletic turf projects and whether projects omitted from the bond lists could be funded from developer fees; Peter clarified fund 25 and that some projects had been funded separately via developer fee revenue.
The board voted unanimously to approve the reconciliations and close the accounts, with the staff noting one more audit meeting is expected in December to finalize audit wrap-up.
