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The Santa Clarita Community College District's Independent Citizens' Bond Oversight Committee voted to accept the results of an independent audit confirming the district properly accounted for all bond expenditures in the 2022-23 fiscal year.
The Santa Clarita Community College District’s Independent Citizens’ Bond Oversight Committee voted to accept the results of an independent audit confirming the district properly accounted for all bond expenditures in the 2022-23 fiscal year.
The college district received the best rating possible in an independent audit of its general obligation bond expenditures.
The Santa Clarita Community College District’s Independent Citizens’ Oversight Committee accepted the audit results, which showed that for the 13th year in a row, the district has properly accounted for all bond expenditures and expended them in accordance with the projects approved by voters in Measure E ballot measure.
Eide Bailly LLP conducted both the financial and performance audit, covering the fiscal year that ended on June 30, 2020 and issued the District an unmodified opinion – the best rating possible – noting no adjustments, audit findings, questioned costs or instances of bond noncompliance.