CBOC Presentation 2013-2014 Annual Report NEWARK UNIFIED SCHOOL - - PowerPoint PPT Presentation

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

CBOC Presentation

2013-2014 Annual Report

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Why is the Annual Report Late?

The report was delayed due to the inaccurate and delayed financial information from the district office and errors contained within the Crowe Horwath 2013-2014 Bond Performance Audit.

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Measure G Bond Sale

Series A $15,000,000 Series B $30,000,000 Premium $370,000 Interest up to 2014 $64,238 Remaining $18,000,000

Series A $15,000,000 Series B $30,000,000

• Premium

$370,000 Interest up to 2014 $64,238 Remaining $18,000,000 Total $63,434,238

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Expenditures by Financial Year

2013 $1,753,677 2014 $6,267,288 2015 $12,654,896 Remaining $42,758,273 Total $63,434,134

2013 $1,753,677 2014 $6,267,288 2015 $12,654,896 Remaining $42,758,273

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Expenditures 2014 Categories

School Buildings and Interior $3,497,534 School Grounds $247,280 Technology $1,017,917 Other Expenditures $1,504,557 Total $6,267,288

School Buildings and Interior $3,497,534 School Grounds $247,280 Technology $1,017,917 Other Expenditures $1,504,557

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

School Buildings and Interior Breakdown

Roof $2,020,252 HVAC Systems $1,371,606 Exterior Lighting $29,881 Gym Bleachers $27,796 Portable Demolition $22,220 Restrooms $21,059 Lockers $4,720 Total $3,497,534

Roof $2,020,252 HVAC Systems $1,371,606 Exterior Lighting $29,881 Gym Bleachers $27,796 Portable Demolition $22,220 Restrooms $21,059 Lockers $4,720

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

School Grounds Breakdown

Playground $200,421 Concrete Walkways $33,319 Fencing $13,540

Playground $200,421 Concrete Walkways $33,319 Fencing $13,540 Total $247,280

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Technology Breakdown

LAN Switches $442,388 Video Surveillance $305,175 Wireless $260,615 Upgrades $7,570 VoIP $2,169 Total $1,017,917

LAN Switches $442,388 Video Surveillance $305,175 Wireless $260,615 Upgrades $7,570 VoIP $2,169

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Other Expenditures Breakdown

Construction Management $972,717 Debt Issuance $355,288 Construction Support $80,335 Compensation (Note 1) $43,841 Legal $34,877 Consultants $13,500 Audit Expenses $4,000 Total $1,504,557

Construction Management $972,717 Debt Issuance $355,288 Construction Support $80,335 Compensation $43,841 Legal $34,877 Consultants $13,500 Audit Expenses $4,000

Note 1: Compensation $57,458 on Audited Financial Statement in Building Fund. Difference categorized as Technology (overtime compensation).

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Compliance Statement

“Based on the review and observations of the Citizens’ Bond Oversight Committee, we find that the Newark Unified School District is in compliance with the requirements of Article XIII A, Section 1(b)(3) of the California Constitution and that funds are being used for the purposes specified in the ballot language.”

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Findings and Concerns

• Received Inaccurate and Delayed Information
• Did Not Inspect the Facilities and Grounds Since October 2012
• Is Lacking the Mandated Minimum Number of Members

The CBOC

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Recommendations

The CBOC Recommends the Governing Board

• Evaluate how to better provide information to the CBOC
• Sanction an annual tour to visit the school facilities and grounds
• Evaluate its efforts in advertising the vacant CBOC positions

NEWARK UNIFIED SCHOOL DISTRICT CITIZENS’ BOND OVERSIGHT COMMITTEE

Questions