The Mt. Diablo school district’s Bond Oversight Committee will hold a special meeting tonight to discuss its annual report to the board.
Since there is no direct link to the agenda on the district’s website and it doesn’t appear on the district’s home page, I am posting the agenda below:
“Mt. Diablo Unified School District
2010 Measure C Citizen’s Bond Oversight Committee Special Meeting
Thursday, April 19, 2012
1936 Carlotta Drive
Board Room, Dent Center
Call to order
Annual Report to the Board of Education”
Since it is impossible to link to the draft annual report, I am posting the content below, which appears in the form of a PowerPoint presentation. Please note that it covers the year 2010-11, so it refers to things that have already happened (as of now) in the future tense.
“2010 Measure C
Citizens’ Bond Oversight Committee
Annual Report to the Board of Education
October 11, 2011
Education Code Section 15280(b) requires that the Citizens’ Bond Oversight Committee must issue an annual report of the result of its activities.
2010 Citizens’ Bond Oversight Committee
• CBOC membership approved by the Board of Education on August 10, 2010
• All seven (7) mandated chairs filled
• Three (3) resignations since formation but all have been filled through recruitment and subsequent Board action
• CBOC has met six(6) times since formation. All meetings posted per Ralph M. Brown Act.
• Financial/Performance Audit conducted
• August 2010:
Series A: $50,456,475
Series B: $59,540,000
• April 2011
Series C: $3,517,200.40
Series D: $7,252,552.71
• Program has encumbered $92.2 million in contracts and administration costs as well as $5.06 million in change orders and
$3.78 in additional Board approved projects.
• As of July 31, 2011 we have expended approximately $26.4 million on construction and design services
• Projects tracking on budget
• All Increment 1 and 2 sites have erected structures
• All comprehensive HS’s, Cambridge, Monte Gardens, and Dent Center have PV
• Interconnections in progress
• Increment 3 sites in design
• Commissioning of completed sites to begin this fall
• All Increment 1 and 2 sites are on schedule to have PV installed by 1/1/12
• Phase 1 sites have been submitted to DSA (LVAC, Mt. Diablo ES, Valley View MS, Sequoia ES, Ayers ES, Foothill MS, Sun Terrace ES)
• Equipment Pre-Purchase RFP to be issued in October
• Phase 2 site engineering/deign to commence in November, 2011
• Assessments complete
• Engineering/Design has started
• RFP for Architectural services for Increment 1 sites tentatively planned for issuance by December 2011
• The Irrigation Program has been scoped and will be scheduled to go to construction pending completion of additional pre-design assessment”
Please note that this meeting will likely begin before the meeting regarding the proposed property tax increase has concluded at Monte Gardens Elementary, next door. That meeting begins at 6:30 p.m. in the multi-use room at 3841 Larkspur Drive in Concord.
Although Superintendent Steven Lawrence has claimed that the district originally estimated the solar budget to be $111.8 million, there is no evidence of this or any other project budget in the annual report. The district has, however, commonly estimated the total solar project cost at $93 million.
The annual report also does not specify the projects that were ostensibly paid for with the Series C Qualified School Construction Bonds. According to the bond documents:
“The District intends to apply the net proceeds of the Bonds to construct new classrooms at College Park High School and Concord High School, to renovate the swimming pools at College Park High School and Mt. Diablo High School and to undertake repairs to the multi-use facilities at certain District elementary schools.
[In addition, the District intends to deposit a portion of the proceeds of the Series D Bonds into the Debt Service Fund to pay a portion of the interest on the Bonds through _______, 2011.]”
Are you satisfied with the level of detail in the draft annual report?