Report 2018-131 Recommendation 27 Responses

Report 2018-131: Alum Rock Union Elementary School District: The District and Its Board Must Improve Governance and Operations to Effectively Serve the Community (Release Date: May 2019)

Recommendation #27 To: Alum Rock Union Elementary School District

To fulfill requirements in state law and district policy for presenting actual cost information of bond sales, the district should ensure that the board provides this information after each future bond issuance. If the district intends to rely on its financial advisor to present this information, the district should modify its contract with the advisor to explicitly require the advisor to present this information.

6-Month Agency Response

Board Policy 7214 supports recommendation regarding the cost of sale of bonds. Evidence will be submitted to Mr. Boone.

California State Auditor's Assessment of 6-Month Status: Fully Implemented

60-Day Agency Response

1.Amend Board Policies (7000 series (Facilities)) and Administrative Regulations to incorporate requirements.

California State Auditor's Assessment of 60-Day Status: Pending

All Recommendations in 2018-131

Agency responses received are posted verbatim.