ISSUE 15 • October 4, 2021
CABOC Virtual Statewide Conference
October 16, 2021 • Saturday
Registration: 8:30 am • Conference: 9:00 am to 12:15 pm
"Supporting Citizens’ Bond Oversight Committee Members"
• • • Register Here: • • •
Early Bird Pricing $50 individual
Group tickets $100, 3-10 participants
CABOC Annual Conference Panel B Panelists
Panel B will speak on financial audits, performance audits, website, committee operations/ CBOC annual reports, and memorandum of understanding/bylaws.
. There will be two Panels at the CABOC Annual Conference each with five experts who will do short presentations. The major block of time is for your questions. Questions can be submitted before the conference and during the conference via Zoom Chat. You may be promoted to the panel while asking your questions to allow for clarifying discussion. Any questions submitted that aren't answered during the conference will be answered afterwards.
To view agenda and to register for Conference please visit:
SEC Reaches Settlements with Sweetwater UHSD, Ex-CFOs
By City News Service • Sept. 16, 2021 •

Excerpt: The Securities and Exchange Commission announced Thursday that it has entered into a settlement agreement with the Sweetwater Union High School District and its former Chief Financial Officer to resolve allegations that the district misled investors who purchased $28 million in municipal bonds.
. The SEC alleged that in 2018, the school district and former CFO Karen Michel gave investors misleading budget projections indicating it would end the fiscal year with a general fund balance of around $19.5 million when it was actually on track for a negative $7.2 million ending fund balance. ...
. LeeAnn G. Gaunt, chief of the SEC's Public Finance Abuse Unit, said, "As the order finds, Sweetwater and Michel presented stale and misleading financial information as current and accurate. The SEC will continue to address deceptive conduct that prevents municipal bond investors from getting an accurate picture of the financial risks of their investments."
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