Letter from Committee Chair
To: The Board of Trustees and Residents of the Foothill-De Anza Community College District
The Citizens’ Bond Oversight Committee is pleased to forward its annual report on the progress of the $490.8 million general obligation Measure C bond initiative for the 2010-2011 fiscal year.
The committee continues to carry out its principal duties of ensuring that proceeds have been expended for the purposes set forth in the Measure C ballot language, of reporting progress annually to the public, and of providing a compliance statement. Foothill-De Anza’s Board of Trustees’ responsibilities include monitoring potential cost overruns, prioritizing projects and supervising spending levels of individual projects.
During this year the pace of construction activities has accelerated significantly bringing the total bond expenditures to $153.2M, up from $94.3M at June 30, 2010. This pace of activity has allowed the district to achieve significant savings on projects during the excellent bidding climate that we continue to experience. In addition to reviewing Measure C financial reports, the committee verified physical progress in the field at both colleges by conducting site tours of completed and ongoing projects. On these tours the committee noted significant progress with technology upgrades in the classrooms that facilitate cost effective teaching and learning. Included in this annual report are highlights and status updates of many of the projects that will prolong the life of the district’s facilities and improve the learning experience of its students.
The committee relied on the annual performance audit by Vavrinek, Trine, Day & Co., LLP (VTD), which disclosed no instances of non-compliance with the terms of Proposition 39 or Measure C. The committee wishes to report that, to the best of its knowledge, the Foothill-De Anza Community College District is in full compliance with the responsibilities described in Article XIIIA, Section 1(b)(3) of the California State Constitution. A full disclosure of expenditures and the committee’s deliberations can be viewed at www.measurec.fhda.edu.
Very truly yours,
Citizens’ Bond Oversight Committee Chair