| Item Title: | Measures I and B Bond Audit Report for Fiscal Year Ended June 30, 2023 (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 and Measure B Bond audit examines the District’s compliance with state and federal standards and procedures for the Measures, facilities bonds, which the citizens of Alameda approved in November 2014 and November 2022. Measure I authorized the District to issue General Obligation Bonds (GO Bonds) up to $179.5 million, and Measure B authorized the District to issue GO Bonds up to $298 million.
Attached is the District’s Measure I and B Bond Performance Audit and Financial Statements for 2022-2023 performed by audit firm Moss Adams, LLP. Tonight, a representative from Moss Adams will remotely present the audit and answer questions. | | AUSD LCAP Goals: | 4. Ensure that all students have access to basic services. | | Fund Codes: | 21 Building – Bond Fund | Fiscal Analysis
Amount (Savings) (Cost): |
| | Recommendation: | Approve as submitted. | | | | 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 |
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