January 31, 2018 - 5:30pm

The Measure AA Bond Oversight Committee has the following three responsibilities for each of the years the Measure AA general obligation tax is collected or revenues expended:

  1. Review Plan expenditures on an annual basis to verify conformity with the Expenditure Plan.
  2. Review the District’s Annual Audit and Annual Accountability report and present the Committee’s findings to the Board at a public meeting.
  3. Review any proposed amendments to the Expenditure Plan.

A G E N D A

5:30 REGULAR MEETING OF THE MEASURE AA BOND OVERSIGHT COMMITTEE

ROLL CALL

ORAL COMMUNICATIONS
Public comment on items not on the agenda.  Each speaker will ordinarily be limited to three minutes; however, the Brown Act (Open Meeting Law) does not allow action by the Bond Oversight Committee on items not on the agenda. If you wish to address the Committee, please complete a speaker card and give it to the District Clerk. Individuals are limited to one appearance during this section.

1. Approve January 11, 2018 Measure AA Bond Oversight Committee Minutes

2. Review documentation supporting the Selected Sample Transactions

Staff Contact: Stefan Jaskulak, Chief Financial Officer/Director of Administrative Services
Acting General Manager’s Recommendation: Review the Measure AA documentation supporting the sample expenditures as selected on at the Bond Oversight Committee (BOC) meeting on January 11, 2018.  This review will enable the BOC to obtain reasonable assurance that expenditures incurred were solely for uses, purposes, and projects authorized in the ballot measure language for Measure AA.

3. Appointment of Bond Oversight Committee Ad Hoc Committee

Staff Contact: Stefan Jaskulak, Chief Financial Officer/Director of Administrative Services
Acting General Manager’s Recommendation:  Appoint a three member ad hoc subcommittee to prepare a draft Measure AA Bond Oversight Committee Report for submittal to the Board of Directors

4. Review of Timeline and Future Meetings

  • March 1, 2018  Finalize Report to the Board
  • April 11, 2018  Board Meeting and Presentation of Findings

ADJOURNMENT

*Times are estimated and items may appear earlier or later than listed. Agenda is subject to change of order.

Unless otherwise noted, all meetings take place at the District Administrative Office - 330 Distel Circle, Los Altos, CA 94022.

Regular Meeting agendas are posted 72 hours prior to the meeting. Special Meeting agendas are posted at least 24 hours prior to the meeting.

In compliance with the Americans with Disabilities Act, if you need assistance to participate in this meeting, please contact the District Clerk at (650) 691-1200. Notification 48 hours prior to the meeting will enable the District to make reasonable arrangements to ensure accessibility to this meeting.

Minutes usually are not available until two to four weeks after a Board meeting. Please note that formal meeting minutes are not taken at Committee meetings or some Special Meetings of the Board (that is, study sessions or public workshops).