Performance and Financial Audits
The independent accounting firm of Vavrinek, Trine, Day and Co., LLP has completed the FY20 Measure MM performance and financial audits. The audits were presented to the Independent Citizens' Bond Oversight Committee (ICBOC) on March 9, 2021; and the MiraCosta Community College Board of Trustees on March 8, 2021.
The financial audit provides an unmodified opinion that the financial statements included in the audit report present fairly, in all material respects, the respective financial position of the Proposition MM building funds of the district as of June 30, 2020, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. The auditors did not identify any issues with Proposition MM internal controls.
The performance audit provides an opinion that the district complied with the requirements for the Proposition MM Bond proceeds and noted that there were no findings or questioned costs.
Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2020
Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2019
Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2018
Annual Reports
The ICBOC reviewed and approved its third Measure MM Annual Report at its May 11, 2021 meeting. The report was presented to the governing board at its June 17, 2021 meeting.
Independent Citizens' Bond Oversight Committee 2020 Annual Report
Independent Citizens' Bond Oversight Committee 2019 Annual Report
Independent Citizens' Bond Oversight Committee 2018 Annual Report
