Performance and Financial Audits
The independent accounting firm of Eide Bailey has completed the FY25 Measure MM performance and financial audits. The audits were presented to the Independent Citizens' Bond Oversight Committee (ICBOC) on May 12, 2026; and were presented to the MiraCosta Community College Board of Trustees on February 19, 2026.
The financial audit provides an unmodified opinion that the financial statements included in the audit report present fairly, in all material respects, the respective financial position of the Proposition MM building funds of the district as of June 30, 2025, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. The auditors did not identify any issues with Proposition MM internal controls.
The performance audit provides an opinion that the district complied with the requirements for the Proposition MM Bond proceeds and noted that there were no findings or questioned costs.
As part of the contract cycles for MiraCosta’s independent auditors, a member of the ICBOC is able to participate as an observer in the selection process. An ICBOC representative is also able to provide input to the scope of work for the independent auditor.
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2025
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2024
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2023
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2022
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2021
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2020
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2019
- Measure MM General Obligation Bonds Financial and Performance Audits - June 30, 2018
Annual Reports
The ICBOC reviewed and approved its seventh Measure MM Annual Report at its May 12, 2026 meeting. The report will be presented to the governing board at its June 25, 2026 meeting.
- Independent Citizens' Bond Oversight Committee 2025 Annual Report
- Independent Citizens' Bond Oversight Committee 2024 Annual Report
- Independent Citizens' Bond Oversight Committee 2023 Annual Report
- Independent Citizens' Bond Oversight Committee 2022 Annual Report
- Independent Citizens' Bond Oversight Committee 2021 Annual Report
- Independent Citizens' Bond Oversight Committee 2020 Annual Report
- Independent Citizens' Bond Oversight Committee 2019 Annual Report
- Independent Citizens' Bond Oversight Committee 2018 Annual Report
