BOND OVERSIGHT COMMITTEE

Minutes of the November 17, 2008 meeting

Call to order at 7:02pm.

Present:

Committee Members: Marvin Morganti, Diane Go, Wes Williams , Rolito Recio, Bob McLennan, Kevin Dever

Staff: Steven Fuentes, Associate Superintendent – Business Services, Manager, John Schultz, Director of Maintenance/Operations

Minutes of the September 22, 2008 meeting were approved as submitted.

Steven Fuentes presented the Annual Performance Audit Review. He noted that the external auditors, Vargas & Co. found that the district is in full compliance and expenditures are being made according to the bond language presented to the voters in November 2006. He asked that the committee be present at the December 2, 2008 governing board meeting to present the audit. The committee agreed to be present.

Mr. Fuentes asked the committee how they wished to report to the community after the first full year of bond projects. Discussion followed. It was decided that at this early point in bond projects that the community be notified through school bulletins, the committees site on the district’s web page and by newspapers. Mr. Fuentes will follow through.

The meeting was adjourned at 7:52pm.

Respectfully submitted,

Steven R. Fuentes

Associate Superintendent

Business Services