Background and Analysis:

On June 6, 2006, voters in the Foothill-De Anza Community College District approved a $490.8 million general obligation bond proposition (Measure C) and on March 3, 2020, the voters approved an $898 million general obligation bond proposition (Measure G). The bond measures were intended to finance various capital projects and related costs as specified in the bond measure ballot provisions under the rules established by Proposition 39 accountability requirements that include annual performance and financial audits on use of bond proceeds.

The Measure C and Measure G performance and financial audits for fiscal year ended June 30, 2024, were prepared by the independent certified public accounting firm of Crowe, LLP, located in Sacramento, California.

The financial audit was conducted in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Governmental Auditing Standards, issued by the Comptroller General of the United States.

The performance audit was prepared in accordance with Education Code Section 15286, which requires that the audit be conducted in accordance with Governmental Auditing Standards, issued by the Comptroller General of the United States.

The financial audit yielded no findings and the performance audit concluded that the District has properly expended Measure C and Measure G Bond funds only for the specific projects developed by the Board of Trustees and approved by the voters. A representative from Crowe LLP will provide a summary of the audit reports and opinions to the committee

Submitted by:	Christopher Dela Rosa, Vice Chancellor, Business Services
Additional contact names:	Raquel Puentes-Griffith, Executive Director, Fiscal Services
Is backup provided?	Yes

Regular Meeting of the Citizens' Bond Oversight Committee Agenda (Oversight of Measures G and C Bonds)

Meeting Information