| Item Title: | Measure I Bond Audit Report for Fiscal Year Ended June 30, 2022 (5 Mins/Action) |
| Item Type: | Action |
| Background: | Each year, the law requires school districts to review the annual audit of the school district’s financial records for the prior fiscal year at a public meeting.
The Measure I Bond audit examines the District’s compliance with state and federal standards and procedures for Measure I, a facilities bond, which the citizens of Alameda approved in November 2014. Measure I authorized the District to issue General Obligation Bonds (GO Bonds) up to $179.5 million.
Attached is the District’s Measure I Bond Performance Audit and Financial Statements for 2021-2022 performed by audit firm Moss Adams, LLP. A representative from Moss Adams will present the audit and answer questions tonight. |
| AUSD LCAP Goals: | 4. Ensure that all students have access to basic services. |
| Fund Codes: | 21 Building – Bond Fund |
Fiscal Analysis
Amount (Savings) (Cost): |
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| Recommendation: | This item is presented for information only. |
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| AUSD Guiding Principle: | #5 - Accountability, transparency, and trust are necessary at all levels of the organization.| #6 - Allocation of funds must support our vision, mission, and guiding principles. |
| Submitted By: | Shariq Khan, Assistant Superintendent of Business Services |