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FOR IMMEDIATE RELEASE SCC Bond Update, CBOC March 2009 The Solano Community College District has undergone public scrutiny recently as a result of the findings of the EdMAC Report and the "show cause" sanction imposed by the Accrediting Commission of Community and Junior Colleges (ACCJC). One of the findings included in the EdMAC Report was the examination of the receipt, disbursement, and use of Measure G bond funds as there were concerns about some transactions. As a member and Chairperson of the Solano Community College’s Measure G Citizens’ Bond Oversight Committee (CBOC) for the last two years, I and the Committee were troubled to learn about the findings and allegations that the District may have co-mingled District funds and bond funds inappropriately in the amount of a little over $1 million. While the CBOC is only an advisory body, it directed District staff to investigate the matter with the assistance of bond counsel and a financial review. |
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