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Citizens oversight committee and auditors certify bond spending alignment; auditors note a material weakness in financial statements
Summary
The citizens oversight committee certified that bond proceeds were spent on allowable projects; independent auditors reported an unmodified opinion on financial statements but noted a material weakness and confirmed performance-audit sampling aligned expenditures with voter-approved project lists for Measures T and N.
The district's citizens' oversight committee presented its annual report on bonded projects, telling the board that proceeds from Measures T and N were used for construction, reconstruction, rehabilitation or replacement of school facilities in accordance with voter-approved project lists. Jamie Zielman, vice chair of the citizens' oversight committee, said the committee certified compliance for the audit period and encouraged public participation in the oversight process.
Independent auditors from Ibaidly (represented by partner Bobby Patel) reported an unmodified opinion on the district's financial statements but disclosed a material weakness. Patel said the performance audit work sampled a high proportion (98%) of expenditures for Measures T and N and found expenditures aligned with what voters approved.
"On the financial statement, the district did earn an unmodified opinion with a material weakness noted," Patel said. The board heard the auditors' explanation and had an opportunity to ask follow-up questions about audit scope, sampled transactions and next steps for addressing the material weakness.
The oversight committee's report and the audits will be posted as part of the district's transparency materials; trustees accepted the audit report as presented.
