Orange County Grand Jury • 2014-2015

Mello-roos:*

Published: June 19, 2015 26 pages Consolidated Report
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Findings 3 findings

F1
There is a lack of transparency to homeowners relative to how CFD funds are being used.
F2
There does not seem to be appropriate oversight and auditing of CFDs and special tax expenditures within the County of Orange.
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. RECOMMENDATIONS In accordance with California Penal Code sections 933 and 933.05, the 2014- 2015 Grand Jury requires (or, as noted, requests) responses from each agency affected by the recommendations presented in this section. The responses are to be submitted to the Presiding Judge of the Superior Court. Based on its investigation titled "Community Facilities Districts (Mello-Roos): Perpetual Debt Accumulation and Tax Assessment Obligation", the 2014-2015 Orange County Grand Jury makes the following two recommendations: Each local agency that established the CFD should create an oversight

Recommendations 2

Agency Responses 18

Government agencies' official responses to this report's findings and recommendations. Click on a response to see the structured breakdown.

* 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.