header image

[Sign Up Now] to Receive Our FREE Daily SCVTV-SCVNews Digest by E-Mail

Inside
Weather


 
Calendar
Today in
S.C.V. History
March 28
1934 - Bouquet Canyon Reservoir, replacement for ill-fated St. Francis Dam & reservoir, begins to fill with water [story]
Bouquet Reservoir


| Friday, Feb 26, 2021
Independent audit find district in full compliance
Measure E is helping fund the construction of the Science Center (pictured) at the Canyon Country campus.

 

The college district received the best rating possible in an independent audit of its general obligation bond expenditures.

The Santa Clarita Community College District’s Independent Citizens’ Oversight Committee accepted the audit results, which showed that for the 13th year in a row, the district has properly accounted for all bond expenditures and expended them in accordance with the projects approved by voters in Measure E ballot measure.

Eide Bailly LLP conducted both the financial and performance audit, covering the fiscal year that ended on June 30, 2020 and issued the District an unmodified opinion – the best rating possible – noting no adjustments, audit findings, questioned costs or instances of bond noncompliance.

The firm presented its report to the district’s independent citizens’ bond oversight committee at a meeting on January 28, 2020. The report was presented to the college’s Board of Trustees on February 23, 2021.

“I was pleased to report to the District’s Board of Trustees that the Committee had fulfilled it obligation for 2020 to review and report on the expenditure of bond funds to ensure they are spent in accordance with the provisions of Measure E,” said Kevin Holmes, chair of the Independent Citizen’s Bond Oversight Committee. “The Committee recognizes the importance of ensuring that taxpayer dollars are spent properly and we are happy to volunteer our time to act as fiduciaries in this regard.”

The 2019-20 audits confirm approximately $141.8 million in resources from the first two bond issuances, which also includes earned interest and net premium in the bonds. Of that amount, $61.7 million has been expended on authorized bond projects, leaving the District with a Measure E bond project fund balance of $80.1 million as of June 30, 2020.

“The Independent Citizens Oversight Committee plays an essential role in assuring community members that the college is appropriately allocating bond funds for construction projects that will provide much needed facilities for instructional programs that help our students achieve their educational goals,” said Assistant Superintendent, Vice President of Business Services, Sharlene Coleal.

“I want to thank the Independent Citizens Oversight Committee for their meticulous and dedicated work to ensure transparency,” said College of the Canyons Chancellor Dr. Dianne G. Van Hook. “Without the support of the Santa Clarita Valley community, we could not continue to meet the needs of our students and provide them with access to high-quality education and tools for success.”

Local voters approved Measure E in June 2016 for a total of $230 million to fund multiple projects at both campuses.

The bonds are funding construction of the Science Center, which is located at the Canyon Country campus and serves as a focal point for students and first-time visitors.

Construction is nearly complete on the approximately 55,000-square-foot building, which will primarily be devoted to physical and biological sciences, housing eight labs, plus lecture classrooms.

The four-story Student Services/Learning Resources Building will be the new home to Student Services and The Learning Center (TLC). The 55,000-square-foot-building will sit adjacent to the Science Building at the center of campus and will provide office and library space.

Measure E, the $230 million general obligation bond that was approved by voters in June 2016, provided the funding to complete those two projects and will enable the college to fund future construction projects at both campuses.

Measure E funding was used to build a three-story parking structure at the Valencia campus, which added 1,659 parking spaces. Measure E funds also funded the renovation of several existing buildings at the college’s Valencia campus.

Comment On This Story
COMMENT POLICY: We welcome comments from individuals and businesses. All comments are moderated. Comments are subject to rejection if they are vulgar, combative, or in poor taste.
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.

0 Comments

You can be the first one to leave a comment.

Leave a Comment


HIGHER EDUCATION LINKS
LOCAL COLLEGE HEADLINES
Tuesday, Mar 26, 2024
California State University, Northridge is partnering with the Fernandeño Tataviam Band of Mission Indians and the Tataviam Land Conservancy to battle the impact of climate change in disadvantaged communities throughout the San Fernando Valley by establishing “urban forests.”
Monday, Mar 25, 2024
The Santa Clarita Community College District Board of Trustees will hold a special joint meeting with the Associated Student Government in open session from 2 p.m. to 3:30 p.m.
Wednesday, Mar 20, 2024
Holly Hitt-Zuniga has been selected to represent COC and the National Science Foundation’s Center for Renewable Energy Advanced Technological Education in Iceland.
Wednesday, Mar 20, 2024
When you enter the main floor of the west wing of the California State University Northridge library, you’ll soon notice a new mural blending art, nature and the Indigenous history that the campus sits on.
Monday, Mar 18, 2024
California State University, Northridge’s Spring 2024 Cinematheque series will pay tribute to Hollywood casting director and producer Deborah Aquila, executive vice president and head of casting at Paramount Television Studios and CBS Studios, to mark the end of Women’s History Month on Wednesday, March 27.
Keep Up With Our Facebook

Latest Additions to SCVNews.com
1934 - Bouquet Canyon Reservoir, replacement for ill-fated St. Francis Dam & reservoir, begins to fill with water [story]
Bouquet Reservoir
The California Department of Public Health launched the “Never a Bother” campaign, a youth suicide prevention public awareness and outreach campaign for youth, young adults, and their parents, caregivers, and allies.
California Launches New Youth Suicide Prevention Campaign
The Santa Clarita Master Chorale invites the community to "Let the Sunshine In," a delightful evening of food, wine and song at the annual Cabaret & Cabernet fundraising benefit.
April 20: Santa Clarita Master Chorale’s Cabaret, Cabernet Fundraiser
The Los Angeles County Department of Public Health cautions residents who are planning to visit the below Los Angeles County beaches to avoid swimming, surfing, and playing in ocean waters:
March 27 Ocean Water Warning
As an integral ingredient necessary to help the Santa Clarita Valley to flourish, feedback from the business community is the secret sauce for achieving great things.
SCVEDEC Asks For the Business Community’s Opinion on Santa Clarita
Raise your heart rate while raising funds for the Santa Clarita Sister Cities Dollars-for-Desks campaign to provide school desks for students in Sariaya, Santa Clarita's Sister City in the Philippines.
April 13: Sister Cities Zumba-thon Fundraiser
Remo, Inc. is is the world's leading manufacturer and developer of synthetic drumheads and shells. They’ve been in business for 60 years
SCVEDC Company Spotlight: Drumming Up Big Business with Remo, Inc.
California State Assemblywoman Pilar Schiavo (D-Chatsworth) and Assemblyman James Ramos (D-Highland) have introduced AB 3074 the "School or athletic team names: California Racial Mascots Act."
Schiavo Introduces Bill to Prohibit ‘Derogatory’ School Mascot Names
Los Angeles County’s Justice, Care and Opportunities Department  in collaboration with Local Initiatives Support Corporation Los Angeles is proud to announce the 2nd Annual Pitch Competition for the cohorts of JCOD's Incubation Academy.
March 28: JCOD Incubation Academy Helps Grassroots Non-Profits For the Second Year
Children’s Bureau is seeking foster families and now offers two virtual ways for individuals and/or couples to learn how to help children in foster care while reunifying with birth families or how to provide legal permanency by adoption.
April 18: Children’s Bureau Hosts Virtual Orientation
The Sunburst track was constructed in 1887 by the Southern Pacific Railroad and was a part of the main line running between San Francisco and Los Angeles.
Enjoy Spring With a Ride On The Sunburst Track
California State Superintendent of Public Instruction Tony Thurmond hosted a Personal Finance Summit today where he announced his support for Assembly Bill 2927 (McCarty), legislation that would require a personal finance education course for California high school graduation.
State Superintendent Announces Support for Personal Finance Graduation Requirement
1847 - Probable birth date of Pico Canyon oil driller Charles Alexander Mentry [story]
C.A. Mentry
The first Music Jam Session at The MAIN was held on Thursday, Feb. 22 and was a hit. Come out and join in for the next one on Thursday, March 28 7 p.m.-9 p.m.
March 28: The MAIN to Host Musicians’ Jam Session
Los Angeles County Inspector General Max Huntsman of the Office of Inspector General has issued a report entitled "Tenth Report Back on Implementing Body-Worn Cameras in Los Angeles County."
Office of Inspector General Issues Latest Report on LASD Body Cams
College of the Canyons women's tennis played to a convincing 7-2 conference win over Ventura College on Moica to strengthen its potential playoff resume.
Canyons Closes Out Ventura 7-2 in Final Home Match
Join the Santa Clarita Valley Chamber of Commerce with the Latino Business Alliance at the Cinco de Mayo Networking Celebration on Tuesday, May 7.
May 7: Latino Business Alliance Cinco de Mayo Celebration
The Los Angeles County Department of Animal Care and Control is hosting March Meowness promotion where all cat adoptions are just $15 from now until April 9.
Adopt a Cat During March Meowness at Castaic Animal Center
California State University, Northridge is partnering with the Fernandeño Tataviam Band of Mission Indians and the Tataviam Land Conservancy to battle the impact of climate change in disadvantaged communities throughout the San Fernando Valley by establishing “urban forests.”
CSUN Partners with Fernandeño Tataviam Band to Build Urban Forests
Join the Santa Clarita Artists Association on Monday, April 15, 6:30-8:30 p.m. at Barnes and Noble, 23630 Valencia Blvd., Valencia, CA 91355, for the SCAA monthly meeting and guest demonstrator.
April 15: SCAA Presents Debbie Abshear Watercolor Demo
Residents are invited to join members of the Santa Clarita City Council for a special ribbon-cutting ceremony to celebrate the addition of Santa Clarita's 38th park, Skyline Ranch Park, 18355 Skyline Ranch Road, Santa Clarita, CA 91351, to the Santa Clarita parks system on Saturday, April 6, at 10 a.m.
April 6: Grand Opening for Santa Clarita’s 38th Park
The Santa Clarita Valley Senior Center is preparing for the annual fundraising event, Celebrity Waiter, with the theme “California Dreamin’” on Saturday, April 27 at Bella Vida, 27180 Golden Valley Road, Santa Clarita, CA 91351.
Table Sponsorships Still Available for Celebrity Waiter Dinner
Springtime in Santa Clarita brings not only vibrant blooms and opportunities to embrace the outdoors with warmer weather, but also an array of free, family-friendly events and this Saturday is no exception.
Ken Striplin | A Fun, Festive, Egg-Filled Day
SCVNews.com