As part of the Pleasanton Unified School District’s (PUSD) accountability efforts around Measure I1, the District received its first audit with no findings for the general obligation bond passed by Pleasanton voters in November 2016. The audit, conducted by independent auditor Cossolias, Wilson, Dominguez and Leavitt (CWDL), reviewed financial documents, practices and internal controls related to Measure I1 as well as confirmed the District expended bond funds for the previous fiscal year only for the purposes approved by the voters and on specific projects approved by the District's Board of Trustees.
CWDL conducted a performance audit and financial audit for expenditures related to Measure I1 projects during the 2017-2018 fiscal year. The financial audit reviews the District’s financial documents related to Measure I1 as well as District practices and internal controls. The performance audit reviews was to determine that the District expended Measure I1 General Obligation Bond funds for the year ended June 30, 2018 only for the purposes approved by the voters and only on the specific projects developed by the District's Board of Trustees
The Measure I1 audit reports were presented during the Pleasanton Board of Trustees’ January 15, 2019 meeting along with the District’s full annual audit which reviews all PUSD financial records and procedures. Both Measure I1 audits as well as the District’s full 2018 audit received an unmodified opinion, which is the highest quality opinion an auditor can render.
“It is to say that based on the results of our procedures, these financial statements can absolutely be relied upon by the District and all of its stakeholders,” said CWDL partner Ben Leavitt during the January 15 regular board meeting.
Following the passage of Measure I1 in November 2016, the District formed a Citizens Bond Oversight Committee (CBOC) composed of parents/guardians and Pleasanton residents as required by law to ensure bond funds are spent only for the purposes outlined in the bond project list approved by Pleasanton voters. While the Committee is only required to meet once a year, the CBOC has met seven times since its inception. The work of the CBOC has supported the District in its oversight and accountability efforts for Measure I1.
“We are pleased that the Measure I1 audit report confirms that Measure I1 funds are being used as approved by the voters on projects that benefit our schools and communities,” said CBOC Chair Steve Zevanove. “The CBOC is proud to serve the Pleasanton community and grateful to the Pleasanton Unified School District for their partnership and support in the Committee’s work over the last year.”
With its first Measure I1 audit, the District would like to again thank the Pleasanton community for their generosity through the passage of Measure I1 as well as the Citizens Bond Oversight Committee.
“We would like to thank the members of the Citizens Bond Oversight Committee whose work and dedication has supported Measure I1 accountability efforts that are reflected in our first year audit,” said Deputy Superintendent of Business Services Micaela Ochoa. “Measure I1 continues to benefit our students and assists in our teachers’ delivery of world-class education through innovative technology and facilities. We are also incredibly grateful to our Pleasanton community for their generosity and support of Measure I1 as well as our students and schools.”