Measure H Bond Expenditures as of June 30, 2013

Bond Authorization:$220,000,000
Interest Earned*:$177,629
Total Bond Funds:$220,177,629
* Interest Earned from Series A Bond Issuance in the amount of $50,000,000

Total Bond Expenditures**:
Bond Funds Remaining:
** Includes Cost of Issuance
Total Expenditures By Category By Location

Annual Performance and Financial Audit

California Proposition 39 requires annual performance and financial audits on use of general obligation bond proceeds. The performance and financial audits for the fiscal year ending June 30, 2013, were performed by an independent certified public accounting firm in accordance with generally accepted auditing standards and governmental auditing standards issued by the comptroller general of the United States. The result of the audits is that the district expended the general obligation bond proceeds in accordance with the requirements of Proposition 39.

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