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February 13, 2019, FUSD Board of Education Meeting – Measure E Bond Program
Posted 2/13/19

The Board received the Measure E Bond Performance and Financial Audits for Fiscal Year 2017-18. Pursuant to state law, for the life of the bond the District must conduct an annual, independent performance audit to ensure that the funds have been expended only on the specific projects. Vavrinek, Trine, Day and Company, LLP (VTD), Certified Public Accountants, was contracted to perform the required audits for the most recent fiscal year, the 12-month period that ended June 30, 2018. According to VTD, the results of the Bond performance audit indicated the District expended Measure E General Obligation Bond funds only for the specific projects approved by the voters, and present fairly, in all material respects, the financial position of the Measure E General Obligation Bonds, and the results of its operations in conformity with accounting principles generally accepted in the US.

 

The Board received the annual report of the Citizens’ Bond Oversight Committee (CBOC). One of the requirements of Proposition 39 is for the CBOC to report to the Board of Education at least annually the status of the Measure E Implementation, including projects that have been completed. This was the committee’s fourth annual report highlighting their activities and accomplishments for 2018.

 

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Ken Blackstone
kblackstone@fremont.k12.ca.us 
510-659-2559 x12446