WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT

MEASURE M GENERAL OBLIGATION BONDS FOR THE YEARS ENDED JUNE 30, 2001, 2002 and 2003

THOMPSON, COBB, BAZILIO & ASSOCIATES, PC Certified Public Accountants and Management, Systems and Financial Consultants 21250 Hawthorne Boulevard Suite 500 Torrance, California 90503 (310) 792-7001 (310) 792-7068

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT

MEASURE M GENERAL OBLIGATION BONDS FOR THE YEARS ENDED JUNE 30, 2001, 2002 and 2003

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT MEASURE M GENERAL OBLIGATION BONDS FOR THE YEARS ENDED JUNE 30, 2001, 2002 and 2003

Table of Contents
Page Independent Auditor's Report ....................................................................................................................................1 Financial Section Schedule of Assets and Liabilities .............................................................................................................................2 Schedule of Revenues and Expenditures ................................................................................................................3 Notes to Schedules .....................................................................................................................................................4 Supplementary Information Section Bond Program Purpose of Bond Issuance...........................................................................................................9 Schedule of Budget to Accumulated Actual Expenditures..................................................................................10 Schedule of Budget and Accumulated Actual Expenditure Summary......................................................................................................................................................................11 Schedule of Budget and Accumulated Actual Expenditure Detail............................................................................................................................................................................13 Other Independent Auditors Reports Report on Compliance and on Internal Control Based On an Audit Performed In Accordance with Government Auditing Standards........................................................................................................................................................35 Independent Auditors Report on State Compliance...........................................................................................37

THOMPSON, COBB, BAZILIO & ASSOCIATES, PC

Certified Public Accountants and Management, Systems, and Financial Consultants
21250 Hawthorne Boulevard Suite 500 1101 15th Street, N.W. Suite 400 100 Pearl Street 14th Floor

Torrance, CA 90503
310-792-7001 Fax: 310-792-7068

Washington, DC 20005
202-737-3300 Fax: 202-737-2684

Hartford, CT 06103
203-249-7246 Fax: 203-275-6504

INDEPENDENT AUDITOR'S REPORT The Honorable Members of the Board of Education West Contra Costa Unified School District We have audited the accompanying Schedules of the West Contra Costa Unified School District (the District) Measure M General Obligation Bonds (the Bonds), as of and for the years ended June 30, 2001, 2002 and 2003, as listed in the Table of Contents. These Schedules are the responsibility of West Contra Costa Unified School Districts management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Schedules of Assets and Liabilities and Revenues and Expenditures of the Bonds are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the Schedules. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the Schedules referred to above present fairly, in all material respects, the transactions of Measure M General Obligation Bonds of the District as of and for the years ended June 30, 2001, 2002, and 2003, in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report, dated November 21, 2003 on our consideration of the Districts internal control over financial reporting and on our tests of the Districts compliance with certain provisions of laws, regulations, contracts and grants, as they relate to the Schedules. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. Our audit was conducted for the purpose of forming an opinion on the Schedules of the West Contra Costa Unified School District, Measure M General Obligation Bonds. The Schedules on pages 9 through 34 of this report are presented for purposes of additional analysis. Such information has been subjected to the auditing procedures applied in the audit of the Schedules and, in our opinion, is fairly stated, in all material respects, in relation to the Schedules taken as a whole. Torrance, California November 21, 2003

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF ASSETS AND LIABILITIES AS OF JUNE 30, 2001, 2002, and 2003

2003 ASSETS Cash In County Treasury Cash Awaiting Deposit Investments - LAIF (Note 2) Investments - Other (Note 2) Interest Receivable Total Assets LIABILITIES Accounts Payable (Note 3) Contract Retention Total Liabilities EXCESS OF ASSETS OVER LIABILITIES 2,158,739 2,158,739 $ 118,711,107 $ $ 82,159,079 86,406 38,602,804 21,557 120,869,846 $

2002 8,812
-

2001 $ 832 14,875,000 14,875,832

53,502,628 16,109 53,527,549

8,931,029 106,347 9,037,376 44,490,173 $

327,474 327,474 14,548,358

The accompanying notes are an integral part of this schedule. 2

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF REVENUES and EXPENDITURES FOR THE THREE YEARS ENDED JUNE 30, 2001, 2002 and 2003

2003 REVENUES Interest Other Local Revenues Total Revenues EXPENDITURES Classified salaries Employee benefits Non-capitalized equipment and supplies Services and other operating expenses Capital outlay Total Expenditures EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER) EXPENDITURES OTHER FINANCING SOURCES (USES) Proceeds from bond sales Interfund Transfers Out (Note 4) Total Other Financing Sources (Uses) EXCESS (DEFICIENCY) OF REVENUE AND $ 1,574,814 219,004 1,793,818 $

2002 1,070,167 1,070,167 $

2001 4 4 $

TOTAL 2,644,985 219,004 2,863,989

289,080 86,924 11,693 563,031 17,952,182 18,902,910

12,777 3819 5,832 820,178 8,921,376 9,763,982

4,691 446,955 451,646

301,857 90,743 22,216 1,830,164 26,873,558 29,118,538

(17,109,092)

(8,693,815)

(451,642)

(26,254,549)

95,000,000 (1,218,026) 93,781,974

40,000,000 (1,222,467) 38,777,533

15,000,000 15,000,000

150,000,000 (2,440,493) 147,559,507

OTHER FINANCING SOURCES OVER

(UNDER) EXPENDITURES $ 76,672,882 $ 30,083,718 $ 14,548,358 $ 121,304,958

The accompanying notes are an integral part of this schedule. 3

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NOTE TO SCHEDULES JUNE 30, 2001, 2002, AND 2003

NOTE 1:

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the West Contra Costa Unified School District conform to accounting principles generally accepted in the United States of America as applicable to governments and to general practices within California school districts. The District accounts for its financial transactions in accordance with the policies and procedures of the Department of Educations California School Accounting Manual. The accounting policies of the District conform to accounting principles generally accepted in the United States of America as prescribed by the Governmental Accounting Standards Board (GASB). The following is a summary of the significant accounting policies: A. Basis of Accounting Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of measurement made, regardless of the measurement focus applied. The Schedules are presented on the modified accrual basis of accounting. Under the modified accrual basis of accounting, revenues are recorded when susceptible to accrual; i.e., both measurable and available. Available means collectible within the current period or within 60 days after yearend. Expenditures are generally recognized when the related liability is incurred. The exception to this general rule is that principal and interest on general obligation long-term debt, if any, is recognized when due. B. Budgets and Budgetary Accounting Annual budgets are adopted on a basis consistent with generally accepted accounting principles for all government funds. By state law, the Districts governing board must adopt a final budget no later than July 1. A public hearing must be conducted to receive comments prior to adoption. The Districts governing board satisfied these requirements. The Districts governing board and superintendent revise the budgets during the year to give consideration to unanticipated income and expenditures. As a first step in developing the bond construction program, the District together with its Bond team consultants, completed an evaluation of all elementary and secondary schools in order to develop a recommended priority ranking of elementary, middle and high schools. This ranking was based on several factors including structural design and safety considerations. Based on this evaluation, Elementary and Secondary schools of the District were ranked in order of need on separate lists with the most needy schools being ranked highest. In addition, preliminary budgets were developed for each school based on the evaluation. These listings and preliminary budgets became the basis for the Districts governing board and superintendent to authorize work to continue through design and construction drawings for first nine elementary campuses. Throughout this process cost estimations were completed and budgets were revised. The budgets presented in this report are based on the most up to date information available including construction bids for

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NOTE TO SCHEDULES JUNE 30, 2001, 2002, AND 2003

NOTE 1:

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

the first nine campuses. As milestones are reached in the design phase and as construction bids are approved, the individual school project budgets are revised and presented to the governing board for their review and approval. The District is now in the design phase for the next nine elementary campuses and five secondary campuses. The Districts construction program is not based solely on the proceeds from bonds. The district has other sources of revenue to fund some of the required expenditures. Budgets for the renovation of all schools are prepared and maintained together with all potential resources in order to keep track of the entire school renovation program, not just the sites being funded by currently available bond dollars. The supplementary information included in this report is based on this project based budget concept and therefore presents the total project budget for all schools of the district together with all potential revenue sources rather then just the campuses being worked on at the present time. Formal budgetary integration was employed as a management control device during the year for all budgeted funds. The District employs budget control by minor object and by individual appropriation accounts. Expenditures cannot legally exceed appropriations by major object account. C. Accounting Estimates The presentation of the schedules in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the schedules and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates. D. Encumbrances Encumbrance accounting is used in all budgeted funds to reserve portions of applicable appropriations for which commitments have been made. Encumbrances are recorded for purchase orders, contracts, and other commitments when they are written. Encumbrances are liquidated when the commitments are paid. All encumbrances are liquidated as of June 30.

NOTE 2:

INVESTMENTS

The District directs the County Treasurer to invest excess funds in the Local Agency Investment Fund (LAIF). The fund is an investment pool managed by the California State Treasurer. Monies in Measure M can be invested in any one or more investments generally permitted to school districts under the laws of the State including those authorized in the Resolution.

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NOTE TO SCHEDULES JUNE 30, 2001, 2002, AND 2003

NOTE 3:

ACCOUNTS PAYABLE

Accounts Payable is comprised of payments due to vendors and LAIF:

June 30, 2001 June 30, 2002 June 30, 2003

Due to Vendor $ 23,020 $ 3,646,985 $ 2,158,738

Due to LAIF $ 304,454 $ 5,284,044 $ -

Total $ 327,474 $ 8,931,029 $ 2,158,738

NOTE 4:

INTERFUND TRANSFERS IN/OUT

Interfund Activities are reported as either loans and services provided, reimbursements or transfers. Interfund transfers consist of operating transfers from funds receiving resources to funds through which the resources are to be expended. There were no interfund transfers in fiscal year ending June 30, 2001. Interfund transactions for June 30, 2002 and 2003 are as follows:

Transfer Out June 30, 2002 Measure M Bonds Deferred Maintenance Fund June 30, 2003 Measure M Bonds Deferred Maintenance Fund Total $ (2,440,493) $ (1,218,026) $ (1,222,467) $

Transfer In 1,222,467

1,218,026 2,440,493

NOTE 5:

GENERAL OBLIGATION BONDS ISSUES

The bonds are general obligations of the district, and Contra Costa County is obligated to levy ad valorem taxes for the payment of and interest on, and the principal of, the bonds. The Bond Interest and Redemption Fund is maintained by the County Treasurer and is used to account for both the accumulation of resources from ad valorem tax levies and the interest and redemption of principal of the fund of the Bonds issued by the District.

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT NOTE TO SCHEDULES JUNE 30, 2001, 2002, AND 2003

NOTE 5:

GENERAL OBLIGATION BONDS ISSUES (Continued)

In 2000, the District received authorization through Measure M from the November 7, 2000, election to issue up to $150,000,000 of bonds. The bonds are general obligations of the District and Contra Costa County is obligated to levy ad valorem taxes for the payment of the interest and the principal of the bonds. On May 2, 2002, the District issued $15,000,000 of Measure M, Series A bonds to fund the acquisition and construction of real property and improvement of real property. The interest rate ranges from 4.8% to 7.9%. The final maturity date is August 1, 2031. On February 12, 2002, the District issued $40,000,000 of Measure M, Series B bonds to fund the acquisition and construction of real property and improvement of real property. The interest rate ranges from 4% to 6%. The final maturity date is August 1, 2031. On April 1, 2003, the District issued $95,000,000 of Measure M, Series C bonds to fund the acquisition and construction of real property and improvement of real property. The interest rate ranges from 2.5%-5%. The final maturity date is August 1, 2032.

SUPPLEMENTAL INFORMATION

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT MEASURE M PURPOSE OF BOND ISSUANCE AUTHORITY FOR ISSUANCE

The District received authorization to issue $150,000,000 of bonds at an election held on November 7, 2000 by an affirmative vote of more than two-thirds of the votes cast under the 2000 Authorization. The District has issued $15 million General Obligation Bonds, Election of 2000, Series A, dated May 1, 2001 and $40,000,000 General Obligation Bonds, Election 2000, Series B, dated February 1, 2002, and $95,000,000 of Series C dated April 1, 2003. The Bonds represent the third and final series under the 2000 Authorization.
PURPOSE OF BONDS

The proceeds of the Bonds may be used to improve the learning climate for children by upgrading educational facilities through such projects such as reconstructing, modernizing, renovating and repairing bathrooms, electrical, plumbing, heating and ventilation systems, leaking roofs and fire safety systems, improving technology, making seismic upgrades and replacing deteriorating portable classrooms and buildings. As required by the California Constitution, the proceeds from the sale of bonds will be used only for the construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities or the acquisition or lease of real property for school facilities and not for any other purpose, including teacher and administrator salaries and other school operating expenses.

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET TO ACCUMULATED ACTUAL EXPENDITURES FOR THE THREE YEARS ENDED JUNE 30, 2003

% OF
PROJECT EXPENDITURES TO DATE VARIANCE OF BUDGET REMAINING

EXPENDITURES Classified Salaries Employee Benefits Books and Supplies Rentals, Leases and Repairs Travel Contracted Services Site Improvements Buildings and improvements General Equipment Total Expenditures Planned Revenue Sources: Measure M Bond State Funding on Phase 1A Projects State Funding on Quick Start Projects Capital Facility Fund Contra Costa County Head Start Interest State Funding on Phase 1B Projects Total Projected Funding Additional Funding Required

BUDGET

- $ 16,034,055 512,109,657 528,143,712 $

301,857 $ (301,857) 90,743 (90,743) 22,216 (22,216) 364,374 15,669,681 975 (975) 1,464,815 (1,464,815) 53,250 (53,250) 26,635,007 485,474,650 185,301 (185,301) 29,118,538 $ 499,025,174

94%

150,000,000 8,910,114 3,863,449 6,400,000 900,000 6,000,000 11,390,390 187,463,953 $ 340,679,759

10

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE SUMMARY FOR THE THREE YEARS ENDED JUNE 30, 2003 % OF
PROJECT BUDGET % OF CONSTRUCTION EXPENDITURES BUDGET COMPLETED TO DATE REMAINING TO DATE

SCHOOL/PROJECT DESCRIPTION

PHASE

Bayview Elementary School Renovation Chavez Elementary School Renovation Castro Elementary School Renovation Collins Elementary School Renovation Coronado Elementary School Renovation Dover Elementary School Renovation Downer Elementary School Renovation Ellerhorst Elementary School Renovation El Sobrante Elementary School Renovation Fairmont Elementary School Renovation Ford Elementary School Renovation Grant Elementary School Renovation Harding Elementary School Renovation Hanna Ranch Elementary School Renovation Hercules Elementary School Replacement Highland Elementary School Renovation Kensington Elementary School Renovation Lake Elementary School Renovation Lincoln Elementary School Renovation M L King Elementary School Renovation Madera Elementary School Renovation Mira Vista Elementary School Renovation Montalvin Elementary School Renovation Murphy Elementary School Renovation New Elementary School New Elementary School Land Acquire Nystrom Elementary School Renovation Ohlone Elementary School Renovation Olinda Elementary School Renovation Peres Elementary School Renovation Riverside Elementary School Renovation Seaview Elementary School Renovation Shannon Elementary School Renovation Sheldon Elementary School Renovation

Phase 1B Phase 3 Phase 2A Phase 2A Phase 2A Phase 2B Phase 1B Phase 1B Phase 2A Phase 2B Phase 2B Phase 2A Phase 1A Phase 3 Phase 1A Phase 2B Phase 1B Phase 2A Phase 1A Phase 2B Phase 1A Phase 1B Phase 1A Phase 1B Phase 3 Phase 3 Phase 2A Phase 3 Phase 2B Phase 1A Phase 1A Phase 3 Phase 2B Phase 1B

16,050,070 $ 499,988 12,291,969 14,822,369 10,769,228 11,955,471 29,278,997 11,075,686 9,702,827 10,276,875 10,584,934 14,124,945 14,608,638 499,988 15,526,746 13,079,829 16,403,803 11,656,839 15,412,111 15,849,034 10,617,257 12,683,097 10,922,805 12,436,624 23,211,825 6,400,000 20,169,589 13,452,359 7,243,352 17,622,891 12,402,527 8,141,216 7,621,536 14,180,543

304,210 62,506 369,708 349,041 447,196 484,834 523,096 246,597 422,385 595,867 399,346 559,179 919,114 29,363 1,041,334 106,679 248,827 486,850 1,185,924 224,421 759,638 306,724 757,810 268,035 826,060 188,204 357,413 1,298,216 750,006 381,545 296,658 293,525

98% 87% 97% 98% 96% 96% 98% 98% 96% 94% 96% 96% 94% 94% 93% 99% 98% 96% 92% 99% 93% 98% 93% 98% 100% 100% 96% 99% 95% 93% 94% 95% 96% 98%

0% 14% 3% 2% 4% 4% 0% 0% 4% 5% 3% 3% 0% 4% 0% 0% 0% 4% 1% 0% 0% 0% 1% 0% 0% 0% 4% 0% 4% 0% 0% 4% 3% 0%

11

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE SUMMARY FOR THE THREE YEARS ENDED JUNE 30, 2003 % OF
PROJECT BUDGET % OF CONSTRUCTION EXPENDITURES BUDGET COMPLETED TO DATE REMAINING TO DATE

SCHOOL/PROJECT DESCRIPTION

PHASE

Stege Elementary School Renovation Stewart Elementary School Renovation Stewart Elementary Temporary Campus Tara Hills Elementary School Renovation Valley View Elementary School Renovation Verde Elementary School Renovation Vista Hills Elementary School Renovation Washington Elementary School Renovation Wilson Elementary School Renovation Quick Start Projects ** Fiscal Services * Operational Support Services * Totals Planned Revenue Sources: Measure M Bond State Funding on Phase 1A Projects State Funding on Quick Start Projects Capital Facility Fund Contra Costa County Head Start Interest State Funding on Phase 1B Projects Total Projected Funding Additional Funding Required

Phase 2A Phase 1A Phase 1A Phase 1B Phase 2B Phase 1A Phase 1B Phase 2A Phase 1A All All

12,077,688 9,576,019 3,400,922 12,349,017 10,614,925 13,976,155 13,804,464 13,234,205 7,534,348 $ 528,143,712 $

495,156 3,850,036 244,863 430,137 811,700 2,000 233,593 474,704 85,767 7,000,271 29,118,538

96% 70% 100% 98% 96% 94% -100% 98% 96% 100% -100% -100% 94%

4% 37% 0% 0% 4% 1% 0% 0% 3% 0% 0% 0% 2%

150,000,000 8,910,114 3,863,449 6,400,000 900,000 6,000,000 11,390,390 187,463,953 $ 340,679,759

* - To be Allocated to all Projects based on total Project Cost. ** - Projects have been completed and were charged to the individual site.

12

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 104 - BAYVIEW ELELMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services General Equipment TOTAL COSTS
SITE # 105 - CHAVEZ ELEMENTARY

11,760,234 $ 2,195,554 104,008 128,243 68,665 10,098 21,205 484,359 410,982 165,605 701,117 16,050,070 $

12,459 $ 11,747,775 2,294 (2,294) 117,035 2,078,519 104,008 128,243 68,665 10,098 21,205 484,359 168,800 242,182 165,605 701,117 3,622 (3,622) 304,210 $ 15,745,860

100% -100% 95% 100% 100% 100% 100% 100% 100% 59% 100% 100% -100% 98%

PROJECT BUDGET

EXPENDITURES TO DATE

% OF BUDGET VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services General Equipment TOTAL COSTS

370,105 $ 65,736 3,271 4,033 2,160 318 667 13,377 12,925 5,208 22,188 499,988 $

50,648 $ 1,939 6,297 3,622 62,506 $

319,457 63,797 3,271 4,033 2,160 318 667 13,377 6,628 5,208 22,188 (3,622) 437,482

86% 97% 100% 100% 100% 100% 100% 100% 51% 100% 100% -100% 87%

13

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 109 - CASTRO ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction $ Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS $

8,842,161 $ 1,729,544 86,433 106,573 57,063 8,392 17,622 419,542 341,538 137,622 545,478 12,291,969 $

239,081 $ 31,163 4,391 766 93,802 505 369,708 $

8,603,080 1,698,381 86,433 102,182 56,297 8,392 17,622 419,542 247,736 137,117 545,478 11,922,261

97% 98% 100% 96% 99% 100% 100% 100% 73% 100% 100% 97%

SITE # 110 - COLLINS ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction $ Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS $

10,672,635 $ 2,071,423 104,360 128,677 68,898 10,132 21,277 508,657 412,375 166,166 657,769 14,822,369 $

172,948 $ 46,377 4,800 2,108 122,284 524 349,041 $

10,499,687 2,025,046 104,360 123,877 66,790 10,132 21,277 508,657 290,091 165,642 657,769 14,473,328

98% 98% 100% 96% 97% 100% 100% 100% 70% 100% 100% 98%

14

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 112-CORONDAO ELEMENTARY PROJECT BUDGET EXPENDITURES TO DATE % OF BUDGET REMAINING

VARIANCE

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

7,707,876 1,523,967 75,644 93,270 49,940 7,344 15,423 398,515 298,904 120,443 477,903

302,632 $ 200 41,138 5,238 1,452 95,140 1,396 447,196 $

7,405,244 (200) 1,482,829 75,644 88,032 48,488 7,344 15,423 398,515 203,764 119,047 477,903 10,322,032

96% -100% 97% 100% 94% 97% 100% 100% 100% 68% 99% 100% 96%

$ 10,769,228 $

SITE # 115 - DOVER ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE VARIANCE OF BUDGET REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

8,768,602 $ 1,625,884 81,029 99,910 53,495 7,867 16,521 322,417 320,184 129,017 530,545 11,955,471 $

308,508 $ 55,869 6,450 4,899 107,723 1,385 484,834 $

8,460,094 1,570,015 81,029 93,460 48,596 7,867 16,521 322,417 212,461 127,632 530,545 11,470,637

96% 97% 100% 94% 91% 100% 100% 100% 66% 99% 100% 96%

15

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 116- DOWNER ELEMENTARY % PROJECT BUDGET EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Other Services/Operations Service Contract Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS
SITE # 117 - ELLERHORST ELEMENTARY

$ 21,536,059 $ 3,891,601 185,297 241,806 122,332 17,990 37,779 922,694 732,191 312,253 1,278,997 $ 29,278,997 $

14,459 $ 21,521,600 119,514 (119,514) 31,981 (31,981) 78,562 3,813,039 185,297 241,806 122,332 17,990 37,779 922,694 278,580 453,611 312,253 1,278,997 523,096 $ 28,755,901

100% -100% -100% 98% 100% 100% 100% 100% 100% 100% 62% 100% 100% 98%

PROJECT BUDGET

% EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 7,992,501 1,540,493 71,378 96,811 47,124 6,930 14,553 415,012 282,048 125,016 483,820 $ 11,075,686

20,319 2,041 86,647 79 137,511 -

$ 7,972,182 (2,041) 1,453,846 71,378 96,811 47,045 6,930 14,553 415,012 144,537 125,016 483,820 $ 10,829,089

100% -100% 94% 100% 100% 100% 100% 100% 100% 51% 100% 100% 98%

246,597

16

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 120 - EL SOBRANTE ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS
SITE # 123 - FAIRMONT ELEMENTARY

$ 6,929,905 1,379,918 68,089 83,954 44,952 6,611 13,882 367,475 269,049 108,413 430,580 $ 9,702,827

281,452 36,733 3,425 2,020 176 97,755 824 422,385

$ 6,648,453 1,343,185 68,089 80,529 42,932 6,435 13,882 367,475 171,294 107,589 430,580 $ 9,280,442

96% 97% 100% 96% 96% 97% 100% 100% 64% 99% 100% 96%

% PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Repair & Maintenance Architect Fees Preliminary Tests Site Acquisition Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 7,449,372 1,404,982 69,583 85,796 45,938 6,756 14,187 358,463 274,953 110,792 456,054 $ 10,276,875

393,829 804 48,950 53,250 7,694 1,199 309 88,845 987 595,867

$ 7,055,543 (804) 1,356,032 69,583 (53,250) 78,102 44,739 6,447 14,187 358,463 186,108 109,805 456,054 $ 9,681,008

95% -100% 97% 100% -100% 91% 97% 95% 100% 100% 68% 99% 100% 94%

17

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 124-FORD ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Site Improvement Construction Other Services/Operations Repair & Maintenance Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS
SITE # 125 - GRANT ELEMENTARY

7,752,698 1,446,890 71,670 88,370 47,316 6,958 14,612 289,374 283,203 114,116 469,725 10,584,934

39,644 $ 214,564 200 1,000 37,694 3,756 1,209 100,558 721 -

(39,644) 7,538,134 (200) (1,000) 1,409,196 71,670 84,614 46,107 6,958 14,612 289,374 182,645 113,395 469,725

-100% 97% -100% -100% 97% 100% 96% 97% 100% 100% 100% 64% 99% 100% 96%

399,346 $ 10,185,588

% PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing General Equipment Project Contingency and District Services TOTAL COSTS

10,238,999 $ 1,976,853 99,423 122,589 65,638 9,653 20,271 413,534 392,864 158,304 626,819 $ 14,124,945 $

346,729 $ 200 63,342 7,803 2,318 208 133,977 980 3,622 559,179 $

9,892,270 (200) 1,913,511 99,423 114,786 63,320 9,445 20,271 413,534 258,887 157,324 (3,622) 626,819 13,565,766

97% -100% 97% 100% 94% 96% 98% 100% 100% 66% 99% -100% -100% 96%

18

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 127 - HARDING ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE VARIANCE OF BUDGET REMAINING

Construction Materials and Supplies Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 10,200,453 2,094,591 112,126 138,252 74,025 10,886 22,861 685,568 443,061 178,531 648,284 $ 14,608,638

2,000 41 10,228 613,910 420 39,998 252,517 919,114

$ 10,198,453 (41) (10,228) 1,480,681 112,126 137,832 34,027 10,886 22,861 685,568 190,544 178,531 648,284 $ 13,689,524

100% -100% -100% 71% 100% 100% 46% 100% 100% 100% 43% 100% 100% 94%

SITE # 128 - HANNA RANCH ELEMENTARY % PROJECT BUDGET EXPENDITURES VARIANCE OF BUDGET REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

370,105 65,736 3,271 4,033 2,160 318 667 13,377 12,925 5,208 22,188 499,988

16,233 2,431 62 10,637 29,363

353,872 63,305 3,271 4,033 2,098 318 667 13,377 2,288 5,208 22,188 470,625

96% 96% 100% 100% 97% 100% 100% 100% 18% 100% 100% 94%

19

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 126 - HERCULES ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Materials and Supplies Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 11,420,090 2,160,272 119,796 147,710 79,089 11,631 24,424 210,595 473,369 190,743 689,027 $ 15,526,746

12,874 33 9,240 537,462 49,053 432,672 1,041,334

$ 11,407,216 (33) (9,240) 1,622,810 119,796 147,710 30,036 11,631 24,424 210,595 40,697 190,743 689,027 $ 14,485,412

100% -100% -100% 75% 100% 100% 38% 100% 100% 100% 9% 100% 100% 93%

SITE # 122 - HIGHLAND ELEMENTARY

% PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 9,606,373 1,772,435 88,710 109,380 58,566 8,613 18,086 345,447 350,533 141,247 580,440 $ 13,079,829

12,460 7,767 86,452 106,679

$ 9,593,913 1,764,668 88,710 109,380 58,566 8,613 18,086 345,447 264,081 141,247 580,440 $ 12,973,150

99% 99% 100% 100% 100% 100% 100% 100% 75% 100% 100% 99%

20

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 130 - KENSINGTON ELEMENTARY

% PROJECT BUDGET EXPENDITURES TO DATE VARIANCE OF BUDGET REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases- Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 12,084,843 $ 2,233,215 106,133 143,950 70,069 10,304 21,639 411,811 419,382 185,888 716,569 $ 16,403,803 $

2,134 100,610 146,083 248,827

$ 12,084,843 (2,134) 2,132,605 106,133 143,950 70,069 10,304 21,639 411,811 273,299 185,888 716,569 $ 16,154,976

100% -100% 95% 100% 100% 100% 100% 100% 100% 65% 100% 100% 98%

SITE # 134 - LAKE ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE VARIANCE OF BUDGET REMAINING

Site Improvements Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases- Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

- $ 8,385,390 1,643,720 81,934 101,025 54,092 7,955 16,705 394,510 323,758 130,458 517,293 11,656,839 $

39,645 $ 293,885 45,536 3,150 2,480 191 100,885 1,078 486,850 $

(39,645) 8,091,505 1,598,184 81,934 97,875 51,612 7,764 16,705 394,510 222,873 129,380 517,293 11,169,989

0% 96% 97% 100% 97% 95% 98% 100% 100% 69% 99% 100% 96%

21

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 135 -LINCOLN ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Materials and Supplies Non-capital equipment Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 10,742,147 2,199,680 118,389 145,974 78,159 11,494 24,137 751,883 467,807 188,502 683,939 $ 15,412,111

93,613 $10,648,534 49 (49) 11,366 (11,366) 15,975 (15,975) 724,432 1,475,248 118,389 2,060 143,914 43,040 35,119 11,494 24,137 751,883 295,389 172,418 188,502 683,939 1,185,924 $14,226,187

99% -100% -100% -100% 67% 100% 99% 45% 100% 100% 100% 37% 100% 100% 92%

SITE # 132 - M.L.KING ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing General Equipment Project Contingency and District Services TOTAL COSTS

$ 11,464,499 2,134,054 107,620 132,696 71,050 10,449 21,942 606,785 425,255 171,356 703,329 $ 15,849,034

43,743 $11,420,756 44,367 2,089,687 107,620 2,932 129,764 2,273 68,777 10,449 21,942 606,785 127,484 297,771 171,356 3,622 (3,622) 703,329 224,421 $15,624,613

100% 98% 100% 98% 97% 100% 100% 100% 70% 100% -100% 100% 99%

22

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 137- MADERA ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Materials and Supplies Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

7,450,366 1,643,613 80,345 99,066 53,043 7,800 16,381 350,080 317,478 127,927 471,159

28,182 33 11,840 464,676 796 33,348 220,763 759,638

$ 7,422,184 (33) (11,840) 1,178,937 80,345 98,270 19,695 7,800 16,381 350,080 96,715 127,927 471,159 $ 9,857,619

100% -100% -100% 72% 100% 99% 37% 100% 100% 100% 30% 100% 100% 93%

$ 10,617,257

SITE # 139 - MIRA VISTA ELEMENTARY % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

PROJECT BUDGET

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

9,067,669 1,763,975 81,738 110,862 53,963 7,936 16,665 560,106 322,985 143,161 554,037

9,000 1,910 126,381 386 169,047 306,724

$ 9,058,669 (1,910) 1,637,594 81,738 110,476 53,963 7,936 16,665 560,106 153,938 143,161 554,037 $ 12,376,373

100% -100% 93% 100% 100% 100% 100% 100% 100% 48% 1% 100% 98%

$ 12,683,097

23

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 142 - MONTALVIN ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Site Improvements Construction Materials and Supplies Non-capital equipment Repair and Maintenance Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS
SITE # 142- MURPHY ELEMENTARY

7,693,163 1,694,190 82,626 101,878 54,549 8,022 16,846 328,760 326,492 131,560 484,719

14,127 $ (14,127) 36,463 7,656,700 49 (49) 55,533 (55,533) 11,724 (11,724) 406,447 1,287,743 82,626 420 101,458 27,722 26,827 8,022 16,846 328,760 205,325 121,167 131,560 484,719 757,810 $ 10,164,995

0% 100% -100% -100% -100% -100% 76% 100% 100% 49% 100% 100% 100% 37% 100% 100% 93%

$ 10,922,805

PROJECT BUDGET

% EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases-Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

9,022,943 1,730,332 80,144 108,701 52,911 7,781 16,340 417,146 316,687 140,369 543,270

15,771 2,079 100,224 65 149,896 -

$ 9,007,172 (2,079) 1,630,108 80,144 108,701 52,846 7,781 16,340 417,146 166,791 140,369 543,270 $ 12,168,589

100% -100% 94% 100% 100% 100% 100% 100% 100% 53% 100% 100% 98%

$ 12,436,624

268,035

24

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 NEW ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$17,286,600 3,070,352 152,782 188,382 100,866 14,833 31,150 624,823 603,713 243,265 895,057 $23,211,825

$17,286,600 3,070,352 152,782 188,382 100,866 14,833 31,150 624,823 603,713 243,265 895,057 $23,211,825

100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

SITE # 144 - NYSTROM ELEMENTARY PROJECT EXPENDITURES BUDGET TO DATE % OF BUDGET VARIANCE REMAINING

Construction Repairs and Maintenance Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing General Equipment Project Contingency and District Services TOTAL COSTS

$14,459,879 2,782,817 142,348 175,516 93,977 13,820 29,022 788,019 562,480 226,651 895,061 $20,169,589

581,716 1,000 203 76,171 7,833 2,627 356 150,492 2,040 3,622 826,060

$13,878,163 (1,000) (203) 2,706,646 142,348 167,683 91,350 13,464 29,022 788,019 411,988 224,611 (3,622) 895,061 $19,343,529

96% -100% -100% 97% 100% 96% 97% 97% 100% 100% 73% 99% -100% 100% 96%

25

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 146 OHLONE ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Repair and Maintenance Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$10,081,853 1,759,448 88,096 108,623 58,160 8,553 17,961 244,315 348,108 140,269 596,972 $13,452,359

10,873 49,025 11,938 48 116,320 188,204

$10,070,980 (49,025) 1,747,510 88,096 108,623 58,112 8,553 17,961 244,315 231,788 140,269 596,972 $13,264,155

100% -100% 99% 100% 100% 100% 100% 100% 100% 67% 100% 100% 99%

SITE # 145 - OLINDA ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 5,338,238 996,449 48,985 60,399 32,340 4,756 9,987 159,206 193,561 77,995 321,436 $ 7,243,352

226,081 35,795 4,093 819 90,532 93 357,413

$ 5,112,157 960,654 48,985 56,306 31,521 4,756 9,987 159,206 103,029 77,902 321,436 $ 6,885,939

96% 96% 100% 93% 97% 100% 100% 100% 53% 100% 100% 95%

26

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 147- PERES ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Materials and Supplies Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$12,386,175 2,687,023 133,747 164,911 88,299 12,985 27,269 598,982 528,496 212,957 782,047 $17,622,891

43,335 49 10,828 870,061 547 53,983 319,413 1,298,216

$12,342,840 (49) (10,828) 1,816,962 133,747 164,364 34,316 12,985 27,269 598,982 209,083 212,957 782,047 $16,324,675

100% -100% -100% 68% 100% 100% 39% 100% 100% 100% 40% 100% 100% 93%

SITE # 150 - RIVERSIDE ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Materials and Supplies Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 8,744,678 1,947,571 93,594 115,402 61,790 9,087 19,082 342,086 369,831 149,023 550,384 $12,402,527

22,413 24 9,868 477,304 420 35,175 204,802 750,006

$ 8,722,265 (24) (9,868) 1,470,267 93,594 114,982 26,615 9,087 19,082 342,086 165,029 149,023 550,384 $11,652,521

100% -100% -100% 75% 100% -100% 43% 100% 100% 100% 45% 100% 100% 94%

27

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 152 - SEAVIEW ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Site Improvements Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

5,902,297 1,079,570 53,175 65,565 35,106 5,163 10,842 333,431 210,119 84,667 361,281 8,141,216

39,711 $ (39,711) 222,854 5,679,443 34,407 1,045,163 53,175 3,750 61,815 1,800 33,306 5,163 10,842 333,431 78,721 131,398 302 84,365 361,281 381,545 $7,759,671

-100% 96% 97% 100% 94% 95% 100% 100% 100% 63% 100% 100% 95%

SITE # 154- SHANNON ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 5,521,129 1,047,386 51,553 63,565 34,035 5,005 10,511 264,342 203,708 82,084 338,219 $ 7,621,536

176,452 34,584 1,800 1,892 81,930 296,658

$5,344,677 1,012,802 51,553 61,765 32,143 5,005 10,511 264,342 121,778 82,084 338,219 $7,324,878

97% 97% 100% 97% 94% 100% 100% 100% 60% 100% 100% 96%

28

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 155 - SHELDON ELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Test Project Contingency and District Services TOTAL COSTS
SITE # 157 - STEGE ELEMENTARY

$10,422,899 1,941,212 91,657 124,315 60,511 8,899 18,687 370,204 362,177 160,533 619,450 $14,180,543

20,544 2,595 112,755 73 157,558 -

$10,402,355 (2,595) 1,828,457 91,657 124,315 60,438 8,899 18,687 370,204 204,619 160,533 619,450 $13,887,018

100% -100% 94% 100% 100% 100% 100% 100% 100% 56% 100% 100% 98%

293,525

% PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing General Equipment Project Contingency and District Services TOTAL COSTS

$ 8,688,624 1,700,586 84,915 104,701 56,061 8,244 17,313 410,530 335,539 135,205 535,969 $12,077,688

338,962 200 43,762 6,775 1,507 207 102,006 1,681 56 495,156

$ 8,349,662 (200) 1,656,824 84,915 97,926 54,554 8,037 17,313 410,530 233,533 133,524 (56) 535,969 $11,582,532

96% -100% 97% 100% 94% 97% 97% 100% 100% 70% 99% -100% 100% 96%

29

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 158 - STEWART ELEMENTARY % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

PROJECT BUDGET

Site Improvements Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 6,854,600 1,493,109 74,830 102,977 68,651 13,730 17,163 10,500 343,255 172,252 424,953 $ 9,576,019

1,128,589 $ (1,128,589) 1,433,676 5,420,924 171,881 (171,881) 610,748 882,361 22,925 51,905 16,920 86,057 42,460 26,191 13,730 17,163 10,500 410,366 (67,111) 12,471 159,781 424,953 3,850,036 $ 5,725,983

-100% 79% -100% 59% 69% 84% 38% 100% 100% 100% -20% 93% 100% 60%

SITE # 159 - TARA HILLSELEMENTARY PROJECT BUDGET % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 8,936,846 1,717,416 79,586 107,943 52,542 7,727 16,226 437,416 314,481 139,391 539,443 $ 12,349,017

12,458 1,836 91,225 139,344 244,863

8,924,388 (1,836) 1,626,191 79,586 107,943 52,542 7,727 16,226 437,416 175,137 139,391 539,443

100% -100% 95% 100% 100% 100% 100% 100% 100% 56% 100% 100% 98%

$ 12,104,154

30

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 160 - VALLEY VIEW ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE OF BUDGET VARIANCE REMAINING

Construction Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 7,731,816 1,450,565 71,878 88,626 47,453 6,978 14,655 333,431 284,021 114,446 471,056 $10,614,925

283,236 37,986 3,250 2,177 180 102,650 658 430,137

$ 7,448,580 1,412,579 71,878 85,376 45,276 6,798 14,655 333,431 181,371 113,788 471,056 $10,184,788

96% 97% 100% 96% 95% 97% 100% 100% 64% 99% 100% 96%

SITE # 162 - VERDE ELEMENTARY % EXPENDITURES OF BUDGET TO DATE VARIANCE REMAINING

PROJECT BUDGET

Construction Materials and Supplies Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

$ 9,751,178 2,162,613 103,961 151,399 100,933 20,187 21,196 342,086 464,290 238,098 620,216 $13,976,155

55,078 80,747 9,817 405,571 737 34,041 225,709 811,700

$ 9,696,100 (80,747) (9,817) 1,757,042 103,961 150,662 66,892 20,187 21,196 342,086 238,581 238,098 620,216 $13,164,455

99% -100% -100% 81% 100% 100% 66% 100% 100% 100% 51% 100% 100% 94%

31

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 163 -VISTA HILLS ELEMENTARY PROJECT BUDGET EXPENDITURES TO DATE % OF BUDGET REMAINING

VARIANCE

Construction Architect Fees Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

- $ -$

2,000 2,000

(2,000) (2,000)

-100% -100%

SITE # 164 - WASHINGTON ELEMENTARY PROJECT BUDGET EXPENDITURES TO DATE % OF BUDGET REMAINING

VARIANCE

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

10,153,495 $ 1,888,642 89,453 110,297 59,057 8,685 18,238 377,672 353,471 142,431 603,022 $ 13,804,464 $

13,780 $ 2,259 85,792 56 131,706 233,593

10,139,715 (2,259) 1,802,850 89,453 110,297 59,001 8,685 18,238 377,672 221,765 142,431 603,022 $ 13,570,871

100% -100% 95% 100% 100% 100% 100% 100% 100% 63% 100% 100% 98%

32

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003

SITE # 165 - WILSON ELEMENTARY % PROJECT BUDGET EXPENDITURES TO DATE VARIANCE OF BUDGET REMAINING

Construction Other Services/Operations Architect Fees Preliminary Tests Inspection Services DSA Plan Check Fees CDE Plan Check Fees Site Surveys Leases - Temporary Housing Planning Construction Testing Project Contingency and District Services TOTAL COSTS

9,569,169 $ 1,856,629 93,111 114,807 61,471 9,040 18,984 407,527 367,923 148,254 587,291 13,234,205 $

306,788 $ 21,101 26,664 5,099 1,768 193 111,812 1,279 474,704

9,262,381 (21,101) 1,829,965 93,111 109,708 59,703 8,847 18,984 407,527 256,111 146,975 587,291 $ 12,759,501

97% -100% 99% 100% 96% 97% 98% 100% 100% 70% 99% 100% 96%

SITE # 606 - FISCAL SERVICES PROJECT BUDGET EXPENDITURES TO DATE VARIANCE % OF BUDGET REMAINING

Classified Salaries PERS Classified FICA Classified Medicare Classified Health & Welfare Classified State Unemployment Workers Compensation Retiree Benefits PERS Reduction TOTAL COSTS

- $

64,264 1,810 3,908 932 4,891 89 1,419 1,947 6,507 85,767 $

(64,264) (1,810) (3,908) (932) (4,891) (89) (1,419) (1,947) (6,507) (85,767)

-100% -100% -100% -100% -100% -100% -100% -100% -100% -100%

33

WEST CONTRA COSTA UNIFIED SCHOOL DISTRICT SCHEDULE OF BUDGET AND ACCUMULATED ACTUAL EXPENDITURE DETAIL FOR THE THREE YEARS ENDED JUNE 30, 2003 SITE # 615 - OPERATIONAL SUPPORT SERVICES % OF BUDGET REMAINING

PROJECT BUDGET

EXPENDITURES TO DATE

VARIANCE

Construction Classified Salaries PERS Classified FICA Classified Medicare Classified Health & Welfare Classified State Unemployment Workers Compensation Retiree Benefits PERS Reduction Materials and Supplies Mileage Audit Utilities Repairs and Maintenance Consultants/Reviews Other Services/Operations Architect Fees DSA Plan Check Fees Preliminary Tests Planning General Equipment TOTAL COSTS

603,212 237,594 6,088 11,043 3,445 15,430 339 5,257 4,313 23,322 10,523 975 12,000 52,685 1,225,895 190,413 7,193 74,169 4,349,239 167,136

(603,212) (237,594) (6,088) (11,043) (3,445) (15,430) (339) (5,257) (4,313) (23,322) (10,523) (975) (12,000) (52,685) (1,225,895) (190,413) (7,193) (74,169) (4,349,239) (167,136) (7,000,271)

-100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100% -100%

7,000,271 $

34

THOMPSON, COBB, BAZILIO & ASSOCIATES, PC

Certified Public Accountants and Management, Systems, and Financial Consultants
21250 Hawthorne Boulevard Suite 500 1101 15th Street, N.W. Suite 400 100 Pearl Street 14th Floor

Torrance, CA 90503
310-792-7001 Fax: 310-792-7068

Washington, DC 20005
202-737-3300 Fax: 202-737-2684

Hartford, CT 06103
203-249-7246 Fax: 203-275-6504

REPORT ON COMPLIANCE AND ON INTERNAL CONTROLOVER FINANCIAL REPORTING BASED ON AN AUDIT PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

The Honorable Board of Education West Contra Costa Unified School District We have audited the accompanying Schedules of Assets and Liabilities and Revenues and Expenditures (the Schedules) of the West Contra Costa Unified School District (the District) for the Measure M General Obligation Bonds (the Bonds), as of and for the years ended June 30, 2001, 2002 and 2003 and have issued our report thereon dated November 21, 2003. We have conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Compliance Specifically we tested, compliance with laws, regulations, and contracts applicable to personal services, employee benefits, travel consulting services and operating expenses. As part of obtaining reasonable assurance about whether the Districts Schedules are free of material misstatement, we performed tests of the Districts compliance with certain provisions of laws, regulations and contracts, noncompliance with which could have a direct material effect on the determination of amounts shown on the Schedule. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. Internal Control Over Financial Reporting In planning and performing our audit, we considered the Districts internal control over financial reporting in order to determine our auditing procedures for the purpose of expressing our opinion on the Schedules and not to provide assurance on the internal control over financial reporting. Our consideration of the internal controls over financial reporting applicable to the Schedules would not necessarily disclose all matters in the internal control over financial reporting that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk of misstatements in amounts that would be material in relation to the financial statements being audited may occur and not detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving the internal control over financial reporting and its operation that we consider to be material weaknesses. However, we noted other matters involving the internal control over financial reporting that we have reported to management of the District in a separate letter dated November 21, 2003.

35

This report is intended for the information of the Board of Education, Citizens Oversight Committee and West Contra Costa Unified School Districts management and is not intended and should not be used by anyone other than these specified parties. Torrance, California November 21, 2003

36

THOMPSON, COBB, BAZILIO & ASSOCIATES, PC

Certified Public Accountants and Management, Systems, and Financial Consultants
21250 Hawthorne Boulevard Suite 500 1101 15th Street, N.W. Suite 400 100 Pearl Street 14th Floor

Torrance, CA 90503
310-792-7001 Fax: 310-792-7068

Washington, DC 20005
202-737-3300 Fax: 202-737-2684

Hartford, CT 06103
203-249-7246 Fax: 203-275-6504

INDEPENDENT AUDITORS REPORT ON STATE COMPLIANCE

The Honorable Members of the Board of Education West Contra Costa Unified School District We have audited the accompanying Schedules of Assets and Liabilities and Revenue and Expenditures (the Schedules) of the West Contra Unified School District (the District) Measure M General Obligation Bond, as of and for the years ended June 30, 2001,2002 and 2003. Our audit was made in accordance with auditing standards generally accepted in the United States of America and the standards for financial and compliance audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Schedules are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the Schedules. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall Schedules presentation. We believe that our audit provides reasonable basis for our opinion. Our audit does not provide a legal determination on the Districts compliance with specified requirements. The Districts management is responsible for the Districts compliance with laws and regulations. In connection with the audit referred to above, we selected and tested transactions and records to determine the Districts compliance with the following requirements: Bond proceeds are used only for the construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities or the acquisition or lease of real property for school facilities and not for any other purpose, including teacher and administrator salaries and other school operating expenses. Pubic Contract Code Governmental Code Based on our audit, we found that, for the items tested, the West Contra Costa Unified School District complied with the state laws and regulations referred to above. Further, based on our examination for items not tested, nothing came to our attention to indicate that the West Contra Unified School District has not complied with the state laws and regulations. This report is intended for the information of the Board of Education, Citizens Oversight Committee and West Contra Costa Unified School Districts management and is not intended and should not be used by anyone other than these specified parties Torrance, California November 21, 2003 37

38