Brief: Bond reports

James Hermon / Roundup

The Los Angeles Community College District (LACCD) has created a “Dashboard Report” that will allow both officials and the public to monitor the usage of bond funds.

Pierce College President Kathleen BurkeKelly sent out an nine-page e-mail titled “First Monday Report” to faculty and staff last week.

The document outlines the steps the college is taking as it relates to moving forward with construction that is paid for by bond money.

The first Dashboard Report, which was released on the district’s website Nov. 3, reflects a projected $145.3 million over-expenditure for August and $89.7 million for September district wide, according to Burke-Kelly.

“Although these reports are in flux, I think it is worthwhile to review the projected overexpenditures as we understand them today to consider any possible impact on the Pierce College bond fund allocation,” said BurkeKelly in the report.

The e-mail elaborated on the history of the bond funds, including a detail chart that breaks down all the funding associated with the bond project.

LACCD Chancellor Daniel LaVista will meet Dec. 6 with the Bond Steering Committee, which Burke-Kelly is a member of, and with the Board of Trustees Dec. 14 at the Capital Construction Board Committee meeting to address the deficit, according to Burke-Kelly.