CITIZENS BOND OVERSIGHT COMMITTEE (CBOC) MEETING AGENDA WEDNESDAY, JUNE 27, 2012 AT 6:00 P.M. AT EDUCATION CENTER BOARD ROOM 1021 AL TAHOE BOULEVARD

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1 Lake Tahoe Unified School District 1021 Al Tahoe Boulevard, South Lake Tahoe, CA Phone (530) Fax (530) Web Site Web Site: CITIZENS BOND OVERSIGHT COMMITTEE (CBOC) MEETING AGENDA WEDNESDAY, JUNE 27, 2012 AT 6:00 P.M. AT EDUCATION CENTER BOARD ROOM 1021 AL TAHOE BOULEVARD The Agenda Packet for this public meeting is available for review at the Education Center reception area. All members of the public are invited to comment on any item on the agenda. The meeting location is accessible to people with disabilities. Every reasonable effort will be made to accommodate participation of the disabled in all of the District's public meetings. If particular accommodations for the disabled are needed (i.e., disability-related aids, or other services), please contact the Superintendent s Office at Ext. 225 least 24 hours in advance of the meeting. Public inspection of agenda documents that have been distributed to the Committee less than 72 hours before the meeting will be made available at the Education Center, 1021 Al Tahoe Boulevard (Government Code ). The Brown Act and Education Code delineate the circumstances under which a legislative body may meet in closed session. 1. Call to Order 2. Pledge of Allegiance 3. Approve of Agenda 4. Communications From The Public This is the public s chance to speak on any item related to the Citizen s Bond Oversight Committee. Please fill out a YELLOW card and hand it to the Committee Chairperson. You will be called on during discussion and before any action is taken on the item. Please hold your comments to three (3) minutes or less. If there is more than one speaker on a single agenda item, the Committee Chairperson may limit the comments to less than three minutes. 5. Approve of Minutes March 28, 2012 Meeting 6. Ratify Measure G Auditor s Report for the Year Ended June 30, 2011 At the March 28, 2012 Meeting the Goodell, Porter, Sanchez, and Bright, LLP audit report, including financial statements, Independent Auditor s Report on Performance, and Schedule of Findings and Recommendation was tabled due to an error. The corrected report is submitted for ratification. 7. Review and Approve the Third Annual Report to the Community A draft of the report was sent to CBOC member on June 7, 2012 for review. Once approved, the report will be disseminate to the community and placed on the CBOC website: The report will be presented to the Board of Education at the July 24, 2012 Regular Meeting. 8. Review of Measure G Projects, Budgets and Expenditure Reports An update on the Measure G projects, budgets, expenditure reports, matching funds, and construction timelines will be presented by District staff. 9. Set Additional Meeting in January 2013 to Discuss Future of Committee The terms of seven committee members expire on 1/31/13. Plans for the future of the Committee need to be made. A schedule of meetings, including an organizational meeting, needs to be set for Tour of the South Tahoe Middle School Sixth Grade Classroom Wing Construction Joe Stewart (SMC Contractors, Inc.) and District staff will lead the committee and visitors on a tour of the new construction which is scheduled for completion in August Next Meeting September 19, :00 p.m. Location TBA 12. Adjourn

2 Lake Tahoe Unified School District 1021 Al Tahoe Boulevard, South Lake Tahoe, CA Phone (530) Fax (530) Web Site Web Site CITIZENS BOND OVERSIGHT COMMITTEE (CBOC) REGULAR MEETING MINUTES Wednesday, March 28, 2012 at 6:00 PM CBOC Members Present: Dr. Patrick Martin, Casey Blann, Kelly Lancellotti, Joy Curry, Ginger Nicolay-Davis, and Jody Boles. CBOC Members Absent: David Kelly, Rick Angelocci, and Mike Berg. LTUSD Staff Members Present: Debra Yates, Dr. James Tarwater, Steve Morales, Ivone Larson, Angie Keil, and Linda Jordan. Consultants / Contractors Present: Angela Swanson, Joe Stewart and Josh Merkow. Guests Present: None. 1. Call to Order Dr. Patrick Martin called the meeting to order at 6:02 p.m. in Room SV107 at South Tahoe High School. 2. Pledge of Allegiance The Pledge of Allegiance was said. 3. Introductions Introductions were dispensed with. 4. Approval of Agenda Joy Curry made a motion to approve the agenda as submitted. Casey Blann seconded the motion. Unanimously approved. 5. Communications From The Public There were no comments from the public. 6. Approval of Minutes of November 30, 2011 Casey Blann made a motion to approve the minutes as submitted. Jody Boles seconded the motion. Unanimously approved. 7. Approve Measure G Auditor s Report for the Year Ended June 30, 2011 Debra Yates explained that the Draft Audit report she presented to the Committee in November indicated that there were no audit findings. However, the final report that Goodell, Porter, Sanchez & Bright issued contained erroneous findings that were related to the District audit, not the Prop. 39 audit. She said that she will get a corrected copy to the Committee and asked them to table the item for now and ratify at the next meeting. Since she presented the report in November, she did not elaborate any further. Joy Curry asked why a local accountant could not be contracted to perform the audits. Debra Yates replied that Prop. 39 audits are very specialized and require a high level of understanding of school and bond financing. 8. Schedule / Preparation of the Third Annual Report to the Community Angie Keil explained that a draft report will be prepared by staff and sent to the Committee for input and review prior to the next meeting. She also explained the components of the report which include a statement indicating whether or not the District is in compliance with the requirements of Prop. 39. A summary of the Committee s proceedings and activities for the preceding year are also required. The Report will be placed on the June 20, 2012 CBOC agenda for approval and will be presented to the Board of Education at the June 26, 2012 regular meeting.

3 Citizens Bond Oversight Committee Minutes March 28, 2012 Page Two 9. Review of Measure G Projects, Budgets and Expenditure Reports Angela Swanson said that LTUSD is moving ahead of the wave with regard to obtaining state matching funds and keeping the money flowing by issuing the final bond series. Steve Morales said that five large projects have been completed in 3.5 years and the momentum needs to continue until all projects are complete. Ivone Larson updated the Committee on some recent visitors from Twin Rivers; piloting a new test prep program through the AVID Center in San Diego; congressional art competition winners for the fourth consecutive year; and STHS s collaboration with Skywalker Ranch. Debra Yates explained the Measure G Revenue and Expense Report by project. Approximately $5 million was paid or encumbered since the prior report. There was an increase of in the Middle School project due to the addition of the boiler component. The Sports Medicine project increased by $862,000. Steve Morales explained that costs have escalated since LPA Architects put together a cost estimate for the facility and equipment in 2009; there were additional costs related to DSA (Division of State Architect) requirements and some other components were added. A report by Cumming, a cost consulting firm, justified the increased costs. Casey Blann requested that a copy of the report be sent to members. Mr. Morales also explained the increased costs related to the Blue and Gold Gym modernization projects, which were incurred due to challenges and surprises along with upgrades to showers and sprinkler system. Mr. Blann also requested that the report given to the Board of Education on that matter be forward to the Committee. Ms. Yates reported that she anticipates there will be $1.5 million remaining in the budget when all projects are complete. However, the STMS and Bijou projects and haven't gone to bid yet. She said that the District has funds to weather the storm and she doesn t doubt that there will be adequate funds to complete all the projects. They are still in the process of maximizing matching funds and recouping savings as the project budgets wash out. Steve Morales said that a large portion of the Site Utilities budget of $397,889 has already been incorporated in other projects. Angela Swanson explained how the scopes of Bijou and the gyms were restored with more matching funds were obtained. She predicts that the STMS modernization matching funds will be $925,000 rather than $700,000. Dr. Tarwater said that the Board of Education recently took action to sell the last $16 million in bonds and DeLaRosa will be taking them to the market in May. He said that they would not have been able to go forward with Bijou without the sale. Angela Swanson anticipates that the $2.2 million for the Sports Medicine project should arrive by mid-may. The state is still selling bonds and she expects that the District will get approval to move ahead with the Bijou project in June, with funds arriving in July. Modernization money might come from the state s November bond sale or more realistically the June 2013 sale. 10. Report on South Tahoe Middle School Construction Steve Morales explained the scope of the STMS modernization project, which includes asbestos abatement in the old sixth grade wing. Ten classrooms, two restrooms, and the current music and PE rooms will be upgraded. Doors, windows, floor finishes and drywall will be replaced. Mr. Morales said that the project will be out to bid by 4/24/12 and he anticipates starting the modernization after school is out on 6/14/12.

4 11. Tour of Student Union Building The Committee toured the Student Union, which is slated for completion in June. Ivone Larson and Steve Morales, along with the contractors, explained the various features of the new building. 12. Next Meeting The next meeting will be held on Wednesday, June 20, 2012 at 6:00 p.m. (tentatively at South Tahoe Middle School s new classroom building). 13. Adjourn Dr. Martin adjourned the meeting in Room SV107 at 7:14 p.m. and proceeded on the tour which lasted approximately forty-five minutes.

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25 EDUCATION CENTER 1021 AL TAHOE BLVD. SOUTH LAKE TAHOE CA (530) Lake Tahoe Unified School District Citizens Bond Oversight Committee JUNE 2012 Third Annual Report to the Community The Tahoe Arts & Design Academy is a multi-faceted arts experience combining creative, academic and career training experiences for the students of South Tahoe High School Digital Media Arts, Production Management, Performing Arts, Creative Arts

26 P A G E 2 $15.3 million of the value of subcontractor work over the course of the Measure G bond projects has been awarded to locally-owned subcontractors 25% of the subcontractor work for the Bijou Classroom Wing will utilize locally-owned subcontractors Stay Informed on the latest Citizen s Bond Oversight Committee news and construction photos bond.php Lake Tahoe Unified School District Measure G Projects Budget Masterplan Project Year Original Budget Current Budget Matching Funds STHS ORG Building + Boiler 2010 $15,201,255 $16,249,098 $8,124,549 STHS CAT Academy + Entry 2010 $15,487,144 $13,569,568 $5,980,000 STHS Media/Design Arts 2011 $8,224,418 $9,207,633 $3,000,000 STHS Performing Arts Mod 2011 $6,989,724 $6,813,358 $1,374,637 STHS Blue/Gold Gym Mod 2012 $4,541,023 $5,242,436 STHS Student Union/Mall 2012 $3,574,978 $9,500,000 $4,000,000 STHS Classroom Tech $1,206,084 $1,000,000 STHS Sports Medicine 2013 $5,274,000 $2,206,024 STHS Bldg B Modernization $227,500 $0 STHS Site Utilities $204,291 $0 STHS TOTALS $55,656,417 $66,856,093 $24,685,210 STMS Classroom Building 2012 $7,460,229 $9,697,454 $4,642,020 STMS Base Program 2012 $1,779,999 $3,042,610 $925,000 STMS Classroom Tech $206,084 STMS TOTALS $9,240,228 $12,946,148 $4,642,020 $925,000 Sierra House Elementary 2012 $100,000 $147,466 LTS Magnet School 2013 $2,473,437 $2,473,437 Tahoe Valley Elementary 2013 $728,305 $728,305 Bijou Community School 2013 $6,647,507 $9,515,692 $3,635,159 Transportation/Warehouse 2013 $2,112,384 $2,112,384 Contin./Bond Admin. (4.5%) $2,941,722 $2,941,722 OTHER TOTALS $15,003,355 $17,919,006 $3,635,159 Total Measure G Projects $79,900,000 $97,721,247 Matching Funds Received $29,327,230 $29,327,230 Matching Funds Anticipated $15,400,000 $4,560,159 $4,560,159 Interest/Other Misc Revenue $271,812 Measure G, Matching Funds, Interest $64,500,000 $63,562,046 $33,887,389 Remaining Measure G Budget $937,954 Project Budgets include 20% for all soft costs that include Architect, Testing, and Inspection Fees, Program Administration, Bond Sales, Equipment, Etc. ** Amounts already been received ** Amounts anticipated to be received Summary of Measure G Funds During the fiscal year, the District approved the sale of $29,996,058 of general obligation bonds. During , the District sold its second series of bonds under this authorization in an aggregate principal amount of $17,742,196. The final bond sale was held on May 8, 2012 and funds in the amount of $16,761,746 have been received. The total outstanding bond indebtedness is $64,500,000, plus $2,041,210 in accreted interest as of June 30, State matching funds in the amount of $29,327,230 have been received, with another $4,560,159 anticipated to be received. The total anticipated revenue from Measure G and matching funds is $98,659,201 and if identified projects are completed as budgeted, there may be $937,954 remaining. The Board of Education would be responsible for prioritizing other projects that have been identified in the Master Plan but not funded.

27 Measure G Proceedings and Activities P Summary of CBOC Meetings The Citizens Bond Oversight Committee holds quarterly public meetings. At each meeting, they receive a report from the District on approved projects identifying original budgets, revisions, expenditures-to-date, income and encumbrances. The Committee does not have the authority to dictate which projects to approve that was done by the voters, when the bond measure passed. The money can only be used on those projects and may not be used for salaries or other operating expenses. The first quarterly meeting of the year was held on June 8, At this meeting, the committee elected Dr. Patrick Martin as Chairman and Casey Blann as Vice-Chairman for a two-year term ending January 31, The committee was informed, due to Construction Underway Student Union matching funds, the scope of the Bijou classroom wing project was increased. And, at the High School, the Student Union was changed from a remodel to a new building and the Sports Medicine building had been added as a new project. In addition, the Second Annual Report was approved and budgets, expenditures and other Measure G projects were reviewed. The committee also took a tour of the Tahoe Arts & Design Academy to see current progress of the project. The second quarterly meeting was held on August 31, The committee took a tour of the now open Tahoe Arts & Design Academy as well as the Blue & Gold gyms. They received updated information on the Joint Use 20,000 square foot Student Union at the High School and the new two-story classroom wing at the Middle School. All other Measure G projects, budgets and expenditures were also discussed. The third quarterly meeting was held on November 30, The committee heard there would be an increased scope for the Middle School project which will now include the boiler room, music room and the addition of a snowmelt system. They also were updated on the Sports Medicine building which will be built this upcoming year. Once it is complete, all work at the High School will be finished. This will include four new buildings and two gym remodels in four years. A review of all other Measure G projects, budgets and expenditures was also conducted. The last meeting of the year was held on March 28, The committee toured the Student Union which is currently on target for completion this June. The committee also received an update on the Middle School project. This project will include asbestos abatement in the old sixth grade classroom wing, ten new classrooms, and two new restrooms. The current music and PE rooms will also be upgraded by replacing doors, windows, floor finishes and drywall. All other Measure G projects, budgets and expenditures were explained and discussed. Independent Auditor s Report Measure G bonds are Proposition 39 bonds issued by LTUSD. The Passage of Proposition 39 in November 2000 amended the A G E 3 Student Union Groundbreaking July 25, 2011 provisions. Specifically, the District must conduct an annual independent performance audit to ensure that funds have been expended only on specific projects listed as well as an annual independent financial audit of the proceeds from the sale of the bonds until all of the proceeds have been expended. Goodell, Porter, Sanchez & Bright, LLP, Certified Public Accountants, conducted an independent audit of the financial statements for the twelve-month period ending June 30, In their opinion, the financial statements are an accurate representation of the financial position of the Measure G bond building fund and the results of its operations. The performance audit indicates the proceeds of the sale of Measure G funds were only used for the purposes set forth in the ballot measure and not for any other purpose. On January 24, 2012, the Board of Education approved the independent auditor s report of Lake Tahoe Unified School District s financial statements, including Measure G funds, for the year ending June 30, The independent auditor found the District is in compliance with all applicable regulations regarding the use of Measure G Funds under the requirements of Article XIIA, Section 1(b)(3) of the California Constitution. 2012/2013 CBOC Members Name and Affiliation Term End Address Phone Ginger Nicolay-Davis, ST Association of Realtors 1/31/2013 ginger@mysouthlaketahoehome.com (530) Casey Blann, VC, LT So Shore Chamber of Commerce 1/31/2014 cblann@vailresorts.com (530) Joy Curry, At Large 1/31/2013 jjcmail@aol.com (530) Kelly Lancellotti, At Large 1/31/2014 laketahoehiker@yahoo.com (530) Rick Angelocci, Parent/PTO 1/31/2013 rangelocci@earthlink.net (530) Mike Berg, Construction 1/31/2013 michaelberg24@gmail.com (530) David Kelly, Senior Citizens Organization 1/31/2013 taccd@mindspring.com (530) Patrick Martin, Chairman, Taxpayers Organization 1/31/2013 alpinefamilypractice@charter.net (530) Jody Boles, Parent 1/31/2013 my3son1@aol.com (530)

28 Another Year of Progress PAGE 4 You re Invited! The community is invited to attend the CBOC s quarterly meetings. For meeting time, date, and location, please go to Keeping it Local!! Local Subcontractors Awarded Contracts on Measure G Projects: Highlights SOUTH TAHOE HIGH SCHOOL: Blue and Gold Gym Modernization, completed September 2011 Tahoe Arts & Design Academy, completed August 2011 Tahoe Arts & Design Academy, Ribbon Cutting Ceremony on August 26, 2011 Student Union Building, Groundbreaking Ceremony on July 25, 2011 Student Union Building, anticipated completion August 2012 Sports Medicine Academy, construction start date May 2012 SOUTH TAHOE MIDDLE SCHOOL: Removal of 11 relocatable classrooms, anticipated completion June 2012 Building D, a two-story 10 classroom wing, anticipated completion August 2012 Modernization Project, anticipated completion August 2012 FUTURE PROJECTS: Bijou Community School 9 classroom wing, construction start date June 2012 Tahoe Valley Modernization Project, construction start date Summer 2012 LTES Magnet School Modernization Project, construction start date June 2013 Aspen Hollow Landscaping Connolly Crane Service Creegan Cabinets CS3 Construction Inspections Earth and Stone Landscaping Ed Cook Tree Service Eliot Building Company Ferguson Excavating Grid Iron Construction Herback Engineering Innovative Electric Insite Surveying John P Dalton Construction Juliana Prosperi-Planning Partners Kaczmar Painting KD Builders Kelly Moore Paints Kemper Masonry Mary's Drapery McGee Mechanical Mile High Painting Rave On Construction Ron Fuller Construction Sierra Tahoe Ready Mix Sierra Valley Electric Sierra Windows and Doors South Tahoe Refuse Tahoe Asphalt Tahoe Fence Company Tahoe Sand and Gravel Thomas Haen Company Truckee Overhead Door WDH Surveying Western Nevada Supply Other local companies have worked on these projects (for example Rich Gregg Construction, Caro Construction and many others) but were not listed since they were not directly contracted. Many other local workers have been employed by out of town subcontractors as well. This list also does not include SMC s three management employees who are South Lake Tahoe residents. LPA, Inc. Architecture Planning Interior Design Landscape Architecture Engineering Graphics Some of the images contained herein are copyright protected and may not be duplicated, reproduced, or used in any way without written permission of LPA, Inc. Architecture & Engineering.

29 LTUSD Measure G Revenue Expense Report Citizen's Bond Oversight Committee June 27, 2012 Project Number Revenue Measure G Bond State Funds Interest Earned Other Funds Totals 1) Total Revenue Received as of 06/13/12 1,2,3 $ 64,495, $ 29,327, $ 251, $ 20, $ 94,094, ) Anticipated Measure G Bond Revenue $ - 3) Anticipated State Funds $ 4,560, $ 4,560, Submitted & Approved $ 3,635, Bijou ORG Submittal Pending $ 925, STMS Modernization 10 4) Anticipated Interest $ - $ - Project $ 64,495, $ 33,887, Total Revenue: $ 98,654, Original Measure G Budget Projected Budget Increase/Decrease Paid or Encumbered to Date Percent Committed Uncommitted Project Balances 201 Transportation/Warehouse Base Program $ 2,112, $ 2,112, $ - 0.0% $ 2,112, Bijou Elementary School - Base Program 4 $ 6,647, $ 9,115, $ 2,468, $ 8,116, % $ 999, $ (3,635,159.00) $ (3,635,159.00) 401 Environmental Magnet School Base Program $ 2,473, $ 2,473, $ - $ 15, % $ 2,458, Sierra House Elementary School 5 $ 100, $ 147, $ 47, $ 147, % $ Tahoe Valley Elementary School 6 $ 728, $ 848, $ 120, $ 138, % $ 709, South Tahoe Middle School 702 South Tahoe Middle School - Classroom Building 7 $ 7,460, $ 10,068, $ 2,237, $ 9,315, % $ 753, Prop 50 grant BMP offset $ (371,535.00) Less Matching State Funds $ - $ (4,642,020.00) $ (4,642,020.00) 701 South Tahoe Middle School - Modernization 8 $ 1,779, $ 3,273, $ 1,493, $ 356, % $ 2,916, Less Estimated Matcing State Funds 9 $ (925,000.00) $ (925,000.00) Site Total: $ 9,240, $ 7,403, $ (1,836,390.00) $ 9,672, $ 3,670, South Tahoe High School 801 South Tahoe High School - Stadium View/ORG $ 14,753, $ 16,249, $ 1,495, $ 16,135, % $ 113, Boiler Replacement $ 448, Less Matching State Funds $ (5,045,363.00) $ (8,124,549.00) $ (3,079,186.00) 802 South Tahoe High School - CTE Building/Entry 10 $ 15,487, $ 13,569, $ (1,917,576.00) $ 13,542, % $ 26, Less Matching State Funds $ (5,980,000.00) $ (5,980,000.00) $ South Tahoe High School - Sports Medicine $ - $ 5,274, $ 5,274, $ 4,982, % $ 291, Less Matching State Funds $ (2,206,024.00) $ (2,206,024.00) 804 South Tahoe High School - Media/Design Arts 11 $ 8,224, $ 9,207, $ 983, $ 9,184, % $ 23, Less Matching State Funds $ (3,000,000.00) $ (3,000,000.00) $ South Tahoe High School - Performing Arts 12 $ 6,989, $ 6,813, $ (176,366.00) $ 6,808, % $ 4, Less Matching State Funds $ (1,374,637.00) $ (1,374,637.00) $ South Tahoe High School - Blue & Gold Gym Mod 13 $ 4,541, $ 5,242, $ 701, $ 5,186, % $ 55, South Tahoe High School - Student Union/Mall $ 3,574, $ 9,500, $ 5,925, $ 9,124, % $ 375, Less Matching State Funds $ (4,000,000.00) $ (4,000,000.00) 808 South Tahoe High School/South Tahoe Middle School - Classroom Technology 14 $ 1,206, $ 983, $ (222,653.00) $ - 0.0% $ 983, South Tahoe High School - Building B Modernization $ 227, $ - $ (227,500.00) $ - #DIV/0! $ - Other Base Program Scope - Site Utilites $ 204, $ - $ (204,291.00) $ - #DIV/0! $ - Site Total: $ 40,256, $ 42,154, $ 2,346, $ 64,965, $ 1,874, Program Bond Administration (4.5%) $ 2,941, $ 2,941, $ - $ 1,508, % $ 1,433, Measure G Fund Total: $ 64,500, $ 63,562, $ (937,506.00) Measure G plus State Funds Total: $ 79,900, $ 97,449, $ 17,549, $ 84,564, % $ 13,257, Current Program Budget: $ 97,449, Summary Current Anticipated Revenue: $ 98,654, Current Budget Remaining: $ 1,204, *Please note: Project Budgets include all soft costs in addition to actual construction costs, including Architect Fees, Program Administration, Bond Sales, Equipment, Etc. Note: $925,000 state grant revenue for STMS Modernization is an estimate only and has not yet been submitted or approved. Prepared by Linda Jordan 6/21/2012

30 LTUSD Measure G Revenue and Expenditure Report Citizen's Bond Oversight Committee 06/27/2012 Footnotes: 1 Measure G Bond revenue increased by $16,756,934 due to issuance of last bond series 2 Interest Earned includes an additional $4,010 3 Other Funds in revenue include an increase of $19,094 for TRPA fee refunds 4 Bijou budget increased by $1,845,374. Originally based on State grant plus required match. GMP came in higher than budget allowed. Board-approved adjustments 05/22/12 and 06/05/12. Note : Scope of work to be reduced by approx $400,000. Adjustment going to Board for approval 06/26/12(?). 5 Sierra House increased by $14,550 due to additional technology purchases 6 Tahoe Valley increased by $120,000 for addition of flooring 7 South Tahoe Middle School ORG budget increasd by $313,414 due to items relative to boiler room scope and BMP's. Includes other miscellaneous increases such as equipment, interim housing, other planning and construction costs. Note : Prop 50 funds to reimburse cost of BMP's 8 South Tahoe Middle School Modernization budget increased by $623,404. Last budget estimate was $2,650,000. GMP came in higher than budget allowed. Board-approved adjustments 05/22/12 and 06/12/12. Also added flooring and paint, totaling $275,000 - Board-approved 06/12/12 9 $925,000 State grant amount is an estimate only. Funds have not yet been submitted or approved. 10 South Tahoe High School - CTE budget has been reduced by $147,608 to reflect identified project savings 11 South Tahoe High School - Media Arts budget has been reduced by $169,107 to reflect identified project savings 12 South Tahoe High School - Performing Arts budget has been reduced by $1,087,172 to reflect identified project savings 13 South Tahoe High School -Blue/Gold Gym budget has been reduced by $75,143 to reflect identified project savings 14 South Tahoe High School/South Tahoe Middle School - Classroom Technology budget was reduced by $222,653 in order to maintain a balance of $925,000 in the overall Measure G Budget Remaining Addl Note Expect return of approximately $435,000 from TRPA fees 6/21/2012

31 Lake Tahoe Unified School District Created : June 21, 2012 at 10:43 AM Meeting: CITIZENS BOND OVERSIGHT COMMITTEE ITEM 9. SET ADDITIONAL MEETING IN JANUARY 2013 TO DISCUSS FUTURE OF THE COMMITTEE Set Additional Meeting in January 13 to Discuss Future of the Committee June 27, 2012 Status: Complete Discussion Item Quick Summary / Abstract The terms of seven committee members expire on 1/31/13. Plans for the future of the Committee need to be made. A schedule of meetings, including an organizational meeting, needs to be set for Administrator's Recommendation The Chairman respectfully requests that the Committee set an additional meeting on Wednesday, January 16, 2013 to discuss the future of the committee and approve a schedule of meetings for Background Information The CBOC was established by the Board of Education on December 9, On February 1, 2009, seven members were appointed to two-year terms, and two members to one-year terms. Members may serve no more than two consecutive terms. Current Considerations On January 31, 2013, the second term of the Chairman Pat Martin, David Kelly, and Mike Berg expire and the first term of Ginger Nicolay-Davis, Rick Angelocci, Joy Curry and Jody Boles expire. (**These members may apply for a second term). Vacancies need to be appointed in accordance with CBOC Bylaw 5.5. as follows: Member Name Representing Appoint Apply Pat Martin Taxpayers Assoc. X David Kelly Senior Citizens X Mike Berg Construction X Ginger Nicolay-Davis** Board of Realtors X Rick Angelocci** Parents/PTO X Joy Curry** At Large X Jody Boles** Parents X The CBOC website has been update as follows: Seven vacancies will occur on the Citizens Bond Oversight Committee on January 31, The following groups shall select a representative and submit the name to the Superintendent: 1. A person active in a senior citizens' organization. 2. A person active in a bona-fide taxpayers' association. 3. A person active in the South Tahoe Association of Realtors.

32 For the other four members, the Superintendent will review the applications submitted by interested parties in the following four categories. 1. An at-large member of the community. 2. A parent or guardian of a child enrolled in the District. 3. A parent or guardian of a child enrolled in the District and active in a parent-teacher organization or school site council. 4. A person active in the construction industry in South Lake Tahoe. Candidates must be at least 18 and reside within the District s boundaries. Employees, officials, vendors, contractors, or consultants of the District are ineligible. Applications are due by 4:30 p.m. on Friday, November 30, 2012 at the Superintendent's Office, 1021 Al Tahoe Boulevard. CLICK HERE FOR AN APPLICATION. The Board of Education will appoint new members at the December 11, 2012 Regular Board Meeting. Appointees will be invited to attend the January 16, 2013 meeting for introductions. Terms will begin on February 1, It is recommended that the first meeting in 2013 should be set in March for the Annual Audit Report and thereafter in June, September and December.