Third in a series
Re “District Is Putting Out a ‘Help Wanted’ Sign”
Duties of the School District’s soon-to-be-announced Bond Oversight Committee are narrowly defined, Mike Reynolds, assistant superintendent for business, said ahead of tonight’s 7 o’clock School Board meeting at the District offices.
“Their one and only job is to make sure the money that is spent complies with what is authorized by the ($106 million) bond measure that was approved by (76.17 percent of) voters in June,” he said.
“If the ballot measure says the District can invest the bond money in ‘x,’ that is the only place it can be spent.”
Of course, Mr. Reynolds added, “there are a lot of ‘x’s.’ If the District were to invest the money in ‘x,’ that has to be somewhere in the language of the approved ballot measure.”
Selectees will be appointed to two-year terms.
Mr. Reynolds said the Bond Oversight Committee “will look at everything. Theirs is more of an after-the-fact review. On the other hand, the Community Advisory Budget Committee (CBAC), which has been in force a long time, is more on the front end. They look into potential investments, and they will be taking input from various stakeholders.”
