Audit Letter 2007

Pacific Grove Unified School District MEASURE D GENERAL OBLIGATION BOND PERFORMANCE AUDIT Audit Period July 1, 2006 through June 30, 2007 Prepared November 6, 2007 by: Capital Program Management, Inc. PERFORMANCE AUDIT REPORT Board of Education Measure D Citizens Oversight Committee Pacific Grove Unified School District 555 Sinex Avenue e, CA 93950 Capital Program Management, Inc. was engaged by the Pacific Grove Unified School District to conduct an Independent Performance Audit of the District’s Measure D General Obligation Bond in accordance with the requirements of Article XIIIA, Section 1(b)(3)(C) of the California Constitution. Capital Program Management, Inc. audited the Measure D project expenditure reports for the period of July 1, 2006 through June 30, 2007 and has issued our report thereon dated November 6, 2007. Based on our audit, it is the opinion of Capital Program Management, Inc. that Measure D funds were expended only on the specific projects identified on the Measure D project list approved by the Pacific Grove Unified School District Board of Education. This report is intended solely for the information and use of the Pacific Grove Unified School District, Board of Education, and the Measure D Citizen’s Oversight Committee, is not intended to be, and should not be used by anyone other than those specified parties. Al Frangione, Principal ...