2015-2016 Measures M & O Audit
SAN MATEO UNION HIGH SCHOOL DISTRICT MEASURE M AND O GENERAL OBLIGATION BOND FUNDS SAN MATEO COUNTY, CALIFORNIA FINANCIAL AND PERFORMANCE AUDIT FOR THE FISCAL YEAR ENDED JUNE 30, 2016 JAMES MARTA & COMPANY LLP CERTIFIED PUBLIC ACCOUNTANTS 701 HOWE AVENUE, E3 SACRAMENTO, CA (916) 993-9494 (916) 993-9489 FAX WWW.JPMCPA.COM SAN MATEO UNION HIGH SCHOOL DISTRICT MEASURE M AND O GENERAL OBLIGATION BOND FUNDS TABLE OF CONTENTS PAGE INDEPENDENT AUDITOR'S REPORT 1 BASIC FINANCIAL STATEMENTS Balance Sheet 3 Statement of Revenues, Expenditures, and Changes in Fund Balance 4 Notes to the Financial Statements 5 SUPPLEMENTAL INFORMATION Full Text of Bond Measure M and O 12 OTHER INDEPENDENT AUDITOR’S REPORTS Report on Internal Control Over Financial Reporting and on Compliance and on Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 24 Independent Auditor’s Report on Measure M and O Bond Performance 27 James Marta & Company LLP Certified Public Accountants Accounting, Auditing, Consulting, and Tax INDEPENDENT AUDITOR'S REPORT Citizen’s Oversight Committee and Governing Board San Mateo Union High School District San Mateo, California Report on the Financial Statements We have audited the accompanying Balance Sheet of San Mateo Union High School District (the District), Measure M and O General Obligation Bond Funds (the Fund), and the related statement of revenues, expenditures, and changes in fund balance as of and for the fiscal year ended June 30, 2016, and the related notes to the financial statements. Managements Responsibility for the Financial Statements Management is responsible for the preparation and presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
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