Overview

Cerritos College has successfully completed its Measure G bond program and continues to manage its Measure CC bond program with integrity, as confirmed by independent auditors. The clean audit opinions for the fiscal year ending June 30, 2025, highlight the college's commitment to responsible and transparent management of bond funds.

The audits conducted included both financial and performance assessments, revealing no issues or disagreements with management. This unmodified opinion indicates a high level of assurance regarding the college's financial practices.

Key details

  • Independent auditors issued clean opinions for Measure G and Measure CC bond programs.
  • The audits confirmed that bond funds are managed in compliance with voter approval.
  • Measure G bond funds have been fully utilized, and the program is officially closed.
  • All Measure G expenditures were directed towards voter-approved projects.
  • Completed projects under Measure G include the Learning Resource Center, Culinary Arts facilities, and Fine Arts Complex.
  • Measure CC is an ongoing bond program aimed at campus improvements.
  • Approximately 60% of Measure CC expenditures were tested during the audit.
  • Measure CC projects include a new Student Services and Administration Building currently under construction.
  • Future projects under Measure CC include a new stadium and renovations to Falcon Square.
  • The district achieved about $12 million in taxpayer savings through a lower interest rate during the 2024 bond sale.
  • The Citizens’ Bond Oversight Committee reviewed the audit results to ensure proper use of bond funds.
  • Dr. Stephanie Rodriguez emphasized the importance of ongoing accountability to the public regarding bond expenditures.

Context

The audits serve as a critical measure of accountability and transparency for Cerritos College, ensuring that taxpayer funds are used effectively to enhance educational facilities and resources.

What happens next

Cerritos College will continue to oversee the Measure CC bond program, focusing on the completion of ongoing projects and maintaining communication with the public regarding the use of bond funds.

What we don't know yet

Details regarding the specific timeline for future Measure CC projects and the overall budget allocation for these initiatives have not been confirmed.