Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Bond Finance topic

No spam. Unsubscribe anytime.

Citizens’ Bond Oversight Committee reports an unqualified audit, notes $149 million first bond issuance

San Marcos Unified School District Board of Education · June 19, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Measure JJ Citizens' Bond Oversight Committee presented its annual draft report, said the independent performance audit received an unqualified opinion, and reviewed projects (Mission Hills, Nob Hill/Woodland Park, San Marcos High) and the district’s first bond issuance of $149 million.

Eric Hall, chair of the Measure JJ Citizens' Bond Oversight Committee, presented the committee's draft annual report to the board, summarizing oversight activities over four meetings and site tours of major projects.

Hall said the committee reviewed financial reports, toured work at Mission Hills High School (stadium, turf and track renovations), Nob Hill/Woodland Park and San Marcos High School, and examined warrant listings and vendor expenditures. He reported that the independent performance audit of the bond program (Christy White) received an unqualified opinion, indicating no reported deficiencies in expenditures made with bond funds.

The committee noted that the district issued its first bond series in June 2025 for $149,000,000 and that up to $135,000,000 remains authorized for future issuance as projects require funding under the $324,000,000 authorization for Measure JJ. Hall thanked staff for providing draft audit materials and detailed expenditure listings and said interest earnings on bond proceeds also benefit project funding.

The presentation was informational; board members thanked the committee for their oversight. The committee emphasized its role under the Education Code to review expenditures, report publicly and provide transparency on bond spending.