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Oversight committee accepts Measure P and PS audits, finds no reportable issues
Summary
Pomona Unified’s bond oversight committee accepted financial and performance audits for Measures P (2016) and PS (2008), with auditors reporting no findings; committee members asked for deeper vendor breakdowns and documentation on receivables and interest income.
The Independent Citizens Bond Oversight Committee for Pomona Unified accepted the district’s financial and performance audits for Measures P and PS after auditors reported no reportable findings for the fiscal year ending June 30, 2025.
The committee reviewed two reports covering the building funds tied to the ballot measures. A district finance presenter said the financial audit provides an opinion that the bond fund financial statements are presented fairly in all material respects and the performance audit tests whether expenditures conformed to the ballot project lists. "We're pleased to report that we did not have any findings on any of these," the presenter said.
The audits include an opinion letter and an oversight‑board letter that describe sampling and testing methods. For Measure P auditors sampled $19,842,683 — about 97% of the bond expenditures reported for that fund in the audited year — and found no discrepancies; staff explained sample percentages vary year to year depending on auditor thresholds and transaction volumes.
Committee members asked routine clarification questions about notes in the reports. One member queried accounts receivable and was told the $997,000 receivable on the building fund consisted primarily of interest earned but not yet received in cash as of June 30. Staff explained the county treasury invests district funds and interest accrues to each fund; the audit packs show interest earned for the year (listed elsewhere in the packet as roughly $1,465,060).
After discussion, a motion to accept the audits was made and seconded; the committee voted to accept the financial and performance audits as presented. The vote was recorded without a roll call in the transcript.
Committee members requested follow‑up detail on major expenditure categories and vendors. One member asked for a vendor‑level breakdown for a roughly $17.9 million general‑contractor line item and staff agreed to supply that information at the next meeting.
The committee also flagged a minor administrative issue in the PS packet (misnumbered pages) and staff said corrected pages would be provided. The oversight committee will incorporate the audit results into its next report to the Board of Education.
The committee moved on to a separate Measure UU update after accepting the audits.
