| Item Title: | Recommendation for Approval of a Three-Year Contract with Vavrinik, Trine, Day & Co. to Perform the District’s Financial Audits and Performance Audit for 2016 General Obligation Bond Measures I and J (Jetté) | | Agenda Title: | Recommendation for Approval of a Three-Year Contract with Vavrinik, Trine, Day & Co. to Perform the District’s Financial Audits and Performance Audit for 2016 General Obligation Bond Measures I and J (Jetté) | | Background: | Vavrinek, Trine, Day and Co. (VTD) currently performs the Santa Barbara Unified School District’s independent financial audit, fiscal accountability agreed-upon procedures audit and the general obligation (GO) bond financial and performance audits for Measures Q and R. The bond audits performed by VTD conform to Proposition 39 requirements in all material respect; including an annual report indicating whether the District has fulfilled all compliance requirements over the deposit and use of bond funds. Fiscal staff is pleased with VTD’s work and would like to have them complete both the required annual financial audit of the proceeds from the sale of the bonds and the performance audit that ensures that the bond funds are expended on the specific projects listed. | | Recommendation: | Staff recommends the board approve the three-year contract with Vavrinek, Trine, Day & Co. to perform the district’s annual financial audit and performance audit for GO bond measures I and J. | | Resource Person: | Meg Jetté, Asst. Supt. of Business Services | | Fiscal Impact: |
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2019-20
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2020-21
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2021-22
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Measure I2016
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$5,000
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$5,000
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$5,000
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Measure J2016
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$5,000
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$5,000
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$5,000
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| | Funding Source: | Related bond funds |
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