California Association Of Bond Oversight Committees

California Association Of Bond Oversight Committees Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from California Association Of Bond Oversight Committees, Community Organization, 121 Ash Court, Hercules, CA.

The specific purpose of this corporation is to provide training, assistance, and encouragement to California School Proposition 39 Citizens' Bond Oversight Committee.

CABOC Board of Directors MeetingSaturday, November 9, 2024 • 10 am via ZoomAgenda Item Highlights:• Identify Organizatio...
11/08/2024

CABOC Board of Directors Meeting
Saturday, November 9, 2024 • 10 am via Zoom
Agenda Item Highlights:
• Identify Organizational Challenges
• Review of Objectives
• New Activities

Email from California Association of Bond Oversight Committees Bond Oversight Done Right _________ • Nov. 4, 2024   CABOC Board of Directors Meeting Saturday, November 9, 2024 • 10 am via Zoom Agenda

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10/31/2024

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Email from California Association of Bond Oversight Committees Bond Oversight Done Right _________ Issue 78 • Oct. 28, 2024   SFUSD Bond Oversight Group Says it Can't Verify Effectiveness Claims Sept.

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09/21/2024

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Bond Oversight Done Right _______ __ Issue 77 • Sept. 17, 2024   Study Review: Extraordinary Audit of the W**d Union Elementary School District Fiscal Crisis & Management Assistance Team (FCMAT) Part

08/15/2024

CABOC Training Courses: Sign up for Pilot

CABOC has produced 23 new Training Videos and we would like you to review these courses. We need help to test our process – from browsing course titles, signing up for training and accessing the website to take the course. We only ask that you sign up by sending an email saying you want access to the new training videos with your contact to ([email protected]). Log in information will be sent to you. After the courses are completed, we ask that you respond to a survey on how easy the process worked and then provide feedback on the courses completed. We have limited this Pilot to twenty five (25) CBOC members. Thank you for your support.

August 12, 2024 • Issue 76
08/15/2024

August 12, 2024 • Issue 76

Bond Oversight Done Right _________ Issue 76 • August 12, 2024 CABOC Training Courses: Sign up for Pilot CABOC has produced 23 new Training Videos and we would like you to review these courses. We nee

CABOC Newsletter • June 17, 2024 • Issue 74
06/25/2024

CABOC Newsletter • June 17, 2024 • Issue 74

Bond Oversight Done Right _________ __ Issue 74 • June 17, 2024 CABOC – The Path Forward From Carolyn Castillo, CABOC President Over the last several months, CABOC’s Management Team, Chairman, and Dir

ALTERNATE CBOC MEMBERS?EXCERPT: In order to assist in ensuring that there will be sufficient members for quorums at CBOC...
06/06/2024

ALTERNATE CBOC MEMBERS?
EXCERPT: In order to assist in ensuring that there will be sufficient members for quorums at CBOC meetings, the governing boards of several districts with Prop. 39 outstanding bonds have made provisions for alternate members to stand in for the primary CBOC members when the primaries miss meetings.

Alternate CBOC Members? FAQ 73 Alternate CBOC Members? In order to assist in ensuring that there will be sufficient members for quorums at CBOC meetings, the governing boards of several districts with Prop. 39 outstanding bonds have made provisions for alternate members to stand in for the primary C...

eastbaytimes.com/2024/05/21/how-the-promise-of-big-energy-savings-in-a-small-bay-area-school-district-led-to-a-50-millio...
06/06/2024

eastbaytimes.com/2024/05/21/how-the-promise-of-big-energy-savings-in-a-small-bay-area-school-district-led-to-a-50-million-controversy/

Complaints have snowballed into questions about whether the district illegally allowed Schneider Electricity to scope, design and construct energy-efficient improvement.

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05/01/2024

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Bond Oversight Done Right _________ __ Issue 73 • April 16, 2024 Commentary Taxpayers Deserve Better Performance Audits of School Construction Bonds Commentary by Bryan Scott | March 27, 2024 | https:

Friends of Fields Files Demand Letter to Mill Valley School District to Suspend Expenditure of Measure G FundsEditorial ...
03/18/2024

Friends of Fields Files Demand Letter to Mill Valley School District to Suspend Expenditure of Measure G Funds

Editorial | February 6, 2024 | https://marinpost.org

Excerpt: Friends of Fields (“FOF”) has submitted a "Demand of Friends of Fields For Emergency Meeting Of Citizens’ Bond Oversight Committee (the "CBOC" ) To Verify Bond Funds Are Being Used As Intended, Appointment Of Independent Counsel And Report To The Public" letter to the CBOC and the Mill Valley School District Board, invoking the CBOC’s oversight and accountability authority over the expenditure of Measure G funds.
This is in response to the Mill Valley School District's (MVSD) proposal to build a new Mill Valley Middle School on Friends Field at the Mill Valley Community Center. ...

Among other things, the FOF letter to MVSD states:
"In view of the nature and gravity of the issues raised by this Demand, the Mill Valley School District (“School District'') should refrain from interfering with the CBOC’s ability to ensure that Measure G funds are expended only for their intended purposes. FOF hereby demands that the School District suspend all actions related to the expenditure of Measure G funds, including but not limited to, entering into contracts, approving proposals or taking any other actions involving Measure G funds for sixty days to afford the CBOC an adequate opportunity to verify that funds are being used for their intended purpose."

Excerpts from Demand Letter:
DEMAND OF FRIENDS OF FIELDS FOR EMERGENCY MEETING OF CBOC TO VERIFY BOND FUNDS ARE BEING USED AS INTENDED, APPOINTMENT OF INDEPENDENT COUNSEL AND REPORT TO THE PUBLIC ...
The School District is also currently considering a proposal to construct a new middle school on Friends Field. The approval of this proposal would necessarily authorize the expenditure of Measure G bond funds to implement the District’s repudiation of its dedication of Friends Field to recreational use. The funds would also be used to pay for the destruction of Friends Field and the athletic facilities installed there as permanent additions. These facilities have been maintained, repaired and upgraded by the City of Mill Valley for decades at the cost of millions of taxpayer dollars. The voters never remotely contemplated and did not approve the expenditure of Measure G funds in a manner that would destroy Mill Valley’s premier and largest sports and recreational venue ...

All of the available evidence conclusively demonstrates that the intended use of Measure G bond funds was for repairs and upgrades at all six schools. It did not include (a) the expenditure of all or almost all of the funds at a single school; (b) the expenditure of funds to support the School District’s repudiation of its agreement to dedicate Friends Field for recreational use; or (c) the expenditure of funds to destroy Friends Field. All such uses are impermissible ...

CONCLUSION
The School District has proposed spending $194 million in bond funds in ways that were never intended, contemplated or approved by the voters, including enabling the wholesale destruction of beloved Friends Field. The CBOC is the body entrusted with the responsibility of providing the promised oversight and accountability for the expenditure of Measure G bond funds. It must intervene on an expedited basis to protect the public, to “verify that the funds are being spent only for authorized purposes” and to forestall a financial misadventure of monumental proportions
For the reasons stated above, the CBOC should set an Emergency Meeting to verify Measure G funds are being used as intended, appoint independent counsel and report to the public. ...
PDF of Demand Letter:
https://s3-us-west-1.amazonaws.com/themarinpost/doc/9128/FOF-Demand-Letter-to-CBOC.pdf

To read complete article visit: https://marinpost.org/blog/2024/2/6/friends-of-fields-files-demand-letter-to-mvsd-to-suspend-expenditure-of-measure-g-funds

Friends of Fields (“FOF”) has submitted a "Demand of Friends of Fields For Emergency Meeting Of Citizens’ Bond Oversight Committee (the ...

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03/18/2024

https://conta.cc/3ImTTBF

Bond Oversight Done Right _________ __ Issue 72 • March 11, 2024 Friends of Fields Files Demand Letter to Mill Valley School District to Suspend Expenditure of Measure G Funds Editorial | February 6,

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02/09/2024

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Bond Oversight Done Right ___________ Issue 71 • February 5, 2024 Enhancing Proposition 39 Construction Bond Programs with CBOC Expenditure Reviews By Stephan Bacchetti, Moss Adams Partner and Anton J

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121 Ash Court
Hercules, CA
94547

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