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Superintendent reports captive-fund changes, bond committee review and audit prep
Summary
Superintendent Nate Myers reported that RESIG changes to the captive fund are expected to raise annual yield and reduce the wildfire deductible; the Citizens' Oversight Committee found bond expenditures compliant and office staff are preparing for construction and an upcoming audit.
Superintendent Nate Myers delivered the superintendent’s report, telling the board that changes at RESIG relating to the district’s captive fund are projected to increase annual yield and that the wildfire deductible has been significantly reduced. He also reported that the Citizens' Oversight Committee (COC) met on June 8 and reviewed Phase 1 and Phase 2 budgets and expenditures tied to Bond Measure F, finding them compliant with the bond's purposes. Finally, Myers said district office staff are working to prepare for upcoming construction and next week’s audit.
The minutes list the three items in sequence but do not attach supporting documentation; the RESIG and COC summaries are recorded as part of the superintendent’s report. The board did not take separate action on these items during the special meeting.
