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Home Archive Measure J Bond Program Citizens’ Bond Oversight Committee (CBOC) Holds Quarterly Meeting...

Measure J Bond Program Citizens’ Bond Oversight Committee (CBOC) Holds Quarterly Meeting – Adopts Audit, Appoints New Chair and Vice Chair

Submitted to the WPR

The first meeting of the year for the Yuba Community College District (YCCD) Measure J Bond Program CBOC was held last Tuesday, February 21, 2012 at the Yuba College campus. At this meeting, the CBOC adopted the Measure J Financial Statements and Proposition 39 and Measure J General Obligation Bonds Performance Audit, elected a new chair and vice-chair, and welcomed four new members.

The Performance Audit found that YCCD has complied in all material respects with the performance requirements set by Proposition 39 and Measure J through the fiscal year ending June 30, 2011, according to a Performance Audit Report conducted by the Certified Public Accounting Firm Matson and Isom. Measure J contains strict financial safeguards, including a requirement that independent audits be conducted annually to ensure that bond funds are spent only on classroom and facility improvements as identified in the original ballot language.

Ms. Roxie Azparren, Auditor for Matson and Isom, presented the annual YCCD Financial Statements and Performance Audit to the CBOC at this quarterly meeting held on Tuesday. The Audit verified that Measure J Bond revenues were expended only for the construction, acquisition, furnishing, and equipping of the District projects approved by the voters and that no funds were used for salaries of school administrators or other operating expenses of the District. In addition, the audit indicated that the District properly accounted for the proceeds and expenditures of Proposition 39 and Measure J General Obligation Bonds. The audit also showed that the District’s financial statements presented fairly, in all material respects, the financial position of the Measure J Bond Program as of June 30, 2011, and the changes in financial position and cash flows thereof for the year then ended in conformity with accounting principles generally accepted in the United State of America. No material weaknesses were found. As such, the CBOC approved the audit report.

Mr. George Nicholau, newly elected Chair of the Measure J CBOC, will present the 2010-11 Financial Statements and Performance Audit to the YCCD Board of Trustees at its April meeting for their adoption.

Mr. Nicholau stated, “I am extremely humbled to serve as CBOC Chair and look forward to presenting this audit to the board and to continue to serve the taxpayers of this district in my role as CBOC chair”.

Also at Tuesday’s meeting, George Cheso, Student Representative on the committee was elected as Vice-Chair.

New CBOC members include Hardial Dulay, representing Sutter County Community Members At-Large. Mr. Dulay was approved by the Board of Trustees on November 9, 2011 and will serve his term through 2013. At its December meeting, the Board of Trustees approved Patricia Miller, representing Sutter County Taxpayers’ Association, Edith Salcedo, representing Yolo County Businesswomen and James White, representing Colusa County Senior Citizens’ Group. These committee members will serve terms through 2014.

The next quarterly meeting of the Measure J CBOC is May 8, 2012 and is tentatively scheduled to be held at the future Yuba College, Sutter County Campus. For more information regarding the CBOC and the Measure J Bond Construction Program, please visit the website at www.yccd.edu/measurej.

The Yuba Community College District spans eight counties and nearly 4,200 square miles of territory in rural, north-central California. It has colleges in Marysville and Woodland, an educational center in Clearlake, outreach operations at Beale Air Force Base and in Williams, and will be adding an outreach facility in Sutter County as part of the Measure J facilities bond. For more information about YCCD please visit our website at www.yccd.edu.

Lloyd Green Jr, Editor
Lloyd Green Jr, Editorhttps://williamspioneer.com
Lloyd Green Jr. is the Owner and Publisher of the Williams Pioneer Review. He is dedicated in publishing the news and informing the community of Colusa County. Lloyd has been with the publication since 2008, and purchased the business in 2010. Under his ownership the newspaper has grown significantly in subscriptions, publishes weekly, and obtained the title of Newspaper of General Circulation by the Superior Court of Colusa County in Sept. 2017. Lloyd is also the director of advertising, classified manager, legal notice clerk, and circulation manager. To contact Lloyd, email him at lloyd@colusacountynews.net or call (530) 458-4141 ext. 100.

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