Bond Oversight Committee

CBOCThe Citizens’ Bond Oversight Committee was established in 2002, pursuant to state laws, to oversee the implementation of Measure U, a $160 million bond that was approved by the SMCCD voters in March, 2002, Measure S, a $135 million bond that was approved by the SMCCD voters in November, 2004, and Measure AA, a $295 million bond that was approved by the SMCCD voters in November, 2008.

The Committee meets quarterly (July, October, January and April) and reviews quarterly expenditure reports produced by the District to ensure that (a) bond proceeds are expended only for the purposes set forth in the ballot measure; (b) no bond proceeds are used for any teacher or administrative salaries or other operating expenses; (c) bond proceeds are maximized. For more information on the Bond Oversight Committee’s purposes and duties please visit the Citizens’ Bond Oversight Committee Bylaws web page.

To carry out its stated purposes, the Committee shall perform the following duties:

Review Expenditures: The Committee shall review quarterly expenditure reports produced by the District to ensure that (a) bond proceeds are expended only for the purposes set forth in the ballot measure; (b) no bond proceeds are used for any teacher or administrative salaries or other operating expenses, (c) bond proceeds are maximized.

Annual Report: The Committee shall present to the Board, in public session, an annual written report which shall include the following: (a) A statement indicating whether the District is in compliance with the requirements of Article XIIIA, Section 1(b)(3) of the California Constitution, and (b) A summary of the Committee’s proceedings and activities for the preceding year.

Reports: In addition to the required Annual Reports, the Committee shall report to the Board following each quarterly meeting in order to advise the Board on the activities of the Committee. Such report shall be in writing and shall summarize the proceedings and activities conducted by the Committee.

More information on committee members, meetings and reports can be found under Committee Details, Meetings and Reports sections of this site and on the the SMC Citizens’ Bond Oversight Committee webpage.