Date: September 24, 2021
Contact:
Name: Anton Jungherr
Telephone: 510.697.7212
California Association Bond Oversight Committee (CABOC)
First Annual Virtual Statewide Conference
Saturday, October 16, 2021
“Supporting Citizens’ Bond Oversight Committee Members”
The passage of the 2001 Proposition 39 school bond measure lowered the voting threshold from 2/3 to 55% and mandated that all Proposition 39 bond programs must have independent citizen oversight known as Citizens’ Bond Oversight Committees (CBOCs). Effective oversight of school bonds relies on volunteer members on these CBOCs. The total amount of Proposition 39 bonds approved by voters from 2001 thru the November 2020 election is $180.8 billion.
The specific purpose of CABOC is to provide training, assistance, and encouragement to California School Proposition 39 Citizens’ Bond Oversight Committee (CBOC) members through training materials, conferences, workshops, and representing common interests at the statewide level.
Inadequate training is a main issue for CBOC members. Training is typically provided by bond counsel, whose primary responsibility is to bond investors, rather than taxpayers and communities. The first annual CABOC conference is focused on providing training, so CBOC members can better provide effective oversight.
Topics at the CABOC virtual conference include: Proposition 39 requirements, financial audits, performance audits, keeping the public informed with an easy to navigate website, bylaws, the CBOC annual report, and school facilities master plans. A large portion of time will be allotted for real time questions during each presentation.
Keynote speakers from Moss Adams will give a presentation on “How to Perform an Effective Performance Audit” with 15 minutes allotted for Q&A. Moss Adams is a professional services firm with over 3,400 professionals across more than 25 locations in the West and beyond. They have significant experience in performing bond program audits for community college and K–12 school districts throughout the state of California.
Tickets $50 per person, $65 After October 1, 2021
Group tickets are $100 for 3-10 participants
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Little Hoover Commission Report, February 2017.
