Orange County Grand Jury
• 2014-2015
• Agency Response
Response to:
Los Alamitos Unified School District
Mified S Academics Unified School District Athletics Activities*
⚠️ Aviso de traducción: Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings and Recommendations 3 findings
F1
There is a lack of transparency to homeowners relative to how CFD funds are being used. Response to Finding 1: The Los Alamitos Unified School District disagrees completely with this Finding. All of the information related to CFDs is accessible at the school district's office.
Related Recommendations (1)
R1
Each local agency that established the CFD should create an oversight committee and an audit committee to provide for an independent, transparent view of the manner in which CFD funds are being expended.
F2
There does not seem to be appropriate oversight and auditing of CFDs and special tax expenditures within the County of Orange. Response to Finding 2: The Los Alamitos Unified School District disagrees completely with this Finding. The Los Alamitos Unified School District believes there is sufficient oversight and auditing of its CFDs.
Related Recommendations (1)
R2
Audit report information, as delineated in California Government Code, 1982 Section 53343.1, should be made available to the CFD taxpayers on a website after each fiscal year for each CFD number.
F3
While the assumption is that the CFD debt would be repaid in a finite period of time, there is a mechanism available to controlling entities to extend debt obligations and thereby extend the CFD special tax in perpetuity. Response to Finding 3: The Los Alamitos Unified School District disagrees completely with this Finding. The Los Alamitos Unified School District has issued Certificates of Participation that will be paid in full in 2024.
No recommendations for this finding
* This report's PDF did not contain easily extractable text and required Optical Character Recognition (OCR) for analysis. There may be minor errors in the extracted findings and recommendations due to OCR limitations with scanned documents.