After a perfect record for nine years, clean financial audits for the $207 million bond that financed construction and renovations at the two colleges in the Grossmont-Cuyamaca Community College District are becoming almost routine.
The record continued Jan. 17, when Vice Chancellor Sue Rearic reported at a Governing Board meeting that the district had gotten a clean bill of financial health for the Proposition R building fund. Both the financial audit and a performance audit found that the money was being handled properly and followed required accounting procedures.