The Ohlone College Citizens’ Bond Oversight Committee (CBOC) is pleased to share with the Ohlone College community this report for the fiscal year 2017-18. The primary role of the CBOC is to monitor the expenditures associated with the College’s Measure G general obligation bond. Our Annual Report covers the period of July 1, 2017, through June 30, 2018.
The primary role of the CBOC is to monitor the expenditures associated with the College’s Measure G, a $349 million Proposition 39 general obligation bond initiative, approved by district voters in November 2010. The CBOC reviews expenditures to ensure the proceeds have been expended for the purposes set forth in the ballot language; reports on progress annually to the public; and provides a statement of compliance certifying that the College, during the reporting period, has met all the requirements established in both the ballot language and by statute.
The Committee is pleased with the progress made during this fiscal year. The Academic Core Project, which is made up of the new Science Building and Arts & Learning Commons Buildings, continues toward completion. For more information on the progress made during this busy and productive year, please refer to the Project Highlights section of this Annual Report.
As Chair of the CBOC, I state that, to the best of its knowledge based on current auditor reports and regular reporting by the College to the CBOC, the Committee finds that the Ohlone Community College District is in full compliance with the responsibilities as described in Article XIIIA, Section 1 (b) (3) of the California State Constitution, which addresses bond indebtedness incurred by a community college district.
The Committee would like to invite any interested members of the public to attend one of the quarterly meetings. Please visit the Measure G Bond website for meeting dates and locations, and to review the progress of other bond projects.
Very truly yours,
Karen Koshy,
Citizens’ Bond Oversight Committee Chair