Lizette Sainz
The citizen’s bond oversight committee takes place twice a year in the board room on it’s latest meeting was held on Monday, May 8.
This year Felipe Lopez, Vice President of Business Services Assistant Superintendent, presented the July 1, 2015 through June 30, 2016 annual report.
The new Fine Arts Complex and Math/Computer Information & Science Building, whose grand opening occurred on Wednesday, Feb. 15 are the newest completed bond projects.
Lopez also said the old Fine Arts Building was not in rush to be demolished, it was pushed till the end of the year.
The new Falcon Stadium was approved by Division of State Architects, the construction will start on Monday, May 22, through the summer, and by the fall semester will be ready to use.
Lopez commented that everything is going pretty smooth and great right now, a lot of god buildings are coming up, he said they are exited they have a good number of programs and buildings coming alone.
He would like to see a lot of change on this campus.
The beginning balance of the Measure CC bond fun year 2004 – 2016 was $210 million, general obligation bond for Cerritos College.
The supporters of Measure CC justify the proposed $210 million Bond issue as necessary; for issues an inherent with 60-year old institution in need of basic repairs and modernization to build needed new classrooms and labs and so much more.
During the approval of draft 2015-16 annual report to the committee was passed.
Teresa Moore, wife of John Moore, who represents the Senior Citizen’s Association on the committee said, “It’s quite extensive, I’m listening to question that were made towards the bond money of this year in where is it going toward.
“Everybody seem to be very knowledgeable, they seem to want to be here, they want to know what is going on and how the money is spent,” she said.
Moore continued, she said it looks like a lot of building going on, and it seems to be for the best.
A new annual report was easier for anyone to read and understand where all the bond money it’s spent on.
According to the community Measure CC and Measure G bond overview, on November 6, 2012, the voters in the Cerritos Community College District approved Measure G, a $350 million General Obligation Bond for Cerritos College, providing funding for the continuing renovation of the nearly 60-year old campus.
Lopez said the District issued its first Measure G General Obligation Bond Series 2014A in the amount of $100 million on Nov. 2014.
For further information in how to obtain a free annual report Cerritos Community College District Citizens’ Bond Oversight Committee contact Lopez at, [email protected], (562)860-2451 Ext. 2242
Current projects:
Cerritos College revenue bond fund Measure CC, General Obligation Bond as of March 31.
Project Description, Budget Updated Per Print Date on Feb. 21, Total Expended Amount, Encumbered Amount, and Balance to Complete are explained below.
Cops Repayment $17,957.329 – $17,957.329Planning & Evaluation/Management $2,506,680 – $2,506,679 Science Building $6,512,521 – $6,512,521Metal – Seismic $667,647 – $667,647 Woodworking – Seismic $329,666 – $329,666Information Technology Upgraded/Enhancement $4,441,424 – $4,441,422Track & Artificial Turf $3,810,728 – $3,760,728Athletic Fields (Soccer, Tennis and Baseball) $4,240,645 – $4,240,645Health Sciences $81,139 – $81,139Infrastructure/Site Utilities Upgrade $28,230,322 – $28,222,361Physical Science & Technology Building $15,013,849 – $15,021,810Facilities/Purchasing Complex $9,521,183 – $9,521,182Liberal Arts/DSPS $21,058,768 – $21,053,110Social Science $2,164,689 – $2,164,689Social Science Elevator $526,252 Parking Lots – Improvements to Existing $2,516,126Auto Tech Center $7,729,938 – $7,729,938 – $7,729,938Auto Partners (SCCTT) $4,878,455 – $3,378,455Site Development (Walkways/Fire Lanes, Landscape) $894,574 – $893,861Fire Alarm Upgrades $6,958,301 – $6,953,302 – $5,000Environmental Survey, Evaluation & Demolition $1,876,986 – $1,876,986Pool/Pool House, Restrooms, Storage $6,008,931 – $6,008,931Campus Accessibility Upgrades $222,017Swing Space & Moving Costs $5,759,201 – $5,759,201Learning Resource Center $635,932 – $635,933Health, Safety, & Security Improvements $189,513 – $189,513Parking Lots – Wide Signage $1,959,099 – $1,959,099Campus-Wide Signage $15,666 – $15,666Campus Group 2 Equipment $638,057 – $638,057Science Building – Plaster & Painting Repairs $125,752 – $125,752Restrooms Projects $768,173 – $768,174Gymnasium $4,558,652 – $4,497,963 – $5,607 – $55,082Culinary Arts Renovation $137,516 – $137,516Fine Arts $181,945 – $239,103Child Development Center – Relocation $6,311,783 – $239,103Gym Site Improvements/Marquee $1,384,145 – $1,384,145Division of State Architect Closeout – Uncertified Projects $390,361 – $237,897 – $29,710 – $122,755Roof Replacement $721,864 – $721,864Computer Information Systems/Math $22,977,768 – $20,974,125 – $1,286,424 – $717,219Student Center Improvements – Undefine – $131,078Boardroom Upgrade – Undefine – $102,719IT Infrastructure $2,600,000 – $377,240 – $381,899 – $1,840,861Press Box $715,00 – $715,000 – $679,615 – $217,548Landscape $1,164,948 – $996,070 – $184,070 – $184,079Way Finding $1,727,492 – $1,562,579 – $131,425 – $33,488Student Services Relocation $2,276,459 – $2,072,007 – $32,204 – $172,247Security Fence – $345,857 – $310,671 – Undefine – $35,186Sports Field Restrooms $659,612 – $657,016 – $28,950Total $221,817,607 – $215,969,976 – $2,302,846 – $2,977,551Fiscal 2016 – 2017 Total Expenditures $8,886,237Fiscal 2016 – 2017 Ending Fund Balance as of March 31, $6,300,004Cerritos College Revenue Bond Fund – Measure G, General Obligation Bond as of March 31Project Description, Budget Updated Per Print Date on Feb. 16, Total Expended Amount, Encumbered Amount, and Balance to Complete are listed below. GO Bond Series 5 – Undefine – $466,075Bond Implementation and Administration $4,250,000 – $497,305 – $263,965 – $3,488,731Social Science Renovation Project – Undefine – $466 – $3,034Parking Lots: Improvements $5,000,000 – $258,778 – $125,556 – $4,615,666Social Science Elevator $1,300,000 – $166,759 – $260,350 – $872,891Construction Management $12,750,000 – $1,359,266 – $1,494,460 – $9,896,274Swing Space $1,939,796 – $1,973,895 – $27,171Learning Resource Center $7,218,478 – $6,985,853 – $308,000Stadium Turf Replacement $3,000,000 – $165,328 – $194,972 – $2,639,700Culinary Arts $7,603,210 – $7,758,247 – $85,924Fine Arts $33,530,000 – $31,545,367 – $2,950,204Child Developments Center $5,000,000 – $34,940 – Undefine – $4,965,060Roof Replacements $3,000,000 – $2,192,575 – $44,862 – $762,563Campus Wide Projects -Security $1,475,000 – $853,848 – $473,283 – $147,869 Health & Wellness Complex $67,800,000 – $3,939,486 – $8,375,253 – $55,485,261Health Science $9,990,000 – $80,000 – Undefine – $9,910,000Filed House $11,660,000 – $631,802 – $535,894 – $10,492,304Shae Structures $6,900,000 – $2,004,572 – $3,827,759 – $1,067,669Electrical Upgrade $3,780,000 – $5,323,950 – $882,574Central Plant Expansion & EMS Upgrade $10,800,000 – $2,123,646 – $2,493,556 – $6,182,798Burnight Center $70,600,000 – $4,175,793 – $2,456,988 – $63,967,219Utilities Infrastructure $2,400,000 – $148,515 – $19,949 – $2,231,537Moderation $10,000,000 – Undefine – Undefine – $10,000,000Falcon Center $70,447,500 – Undefine – Undefine – $70,447,500Business Education/Language Arts $23,230,000 – Undefine – Undefine – $23,230,000Student Services Relocation – Undefine – $135,268LRC Improvements – Swing Space $1,496,006 – $1,496,006Culinary Arts – Swing Space $1,193,893 – $1,193,893Contingency Total $376,363,883 – $75,518,782 – $24,823,754 – $280,403,041Fiscal 2016 – 2017 Total Expenditures $18,577,439Fiscal 2016 – 2017 Ending Fund Balance as of March 31, $25,515,444