“Strong financial management is foundational to student success,” said Chancellor Gregory Smith. “This audit confirms that SDCCD continues to operate with disciplined fiscal oversight. Our operations are grounded in sound fiscal practices, strong internal controls, and a culture of accountability.”
An external auditing firm conducted audits of the district and its Measure HH bond, along with the district’s Auxiliary and the Social Security Alternate Retirement plan. The firm, Eide Bailly, issued an unmodified audit opinion with no material weaknesses or significant deficiencies and found that the district demonstrated strong financial systems and internal controls.
The $3.5 billion Measure HH bond was approved by voters in November 2024. Proceeds from the bond are being used for construction and technology projects to provide sustainable buildings and state-of-the-art classroom equipment.
The SDCCD nonprofit Auxiliary Organization promotes and supports the SDCCD. The Social Security Alternate Plan enables the SDCCD to invest in employee retirement accounts instead of paying into the Social Security system.
Daniel Troy, SDCCD’s vice chancellor for finance and business services, said the clean audits demonstrate the district’s commitment to responsibly serving the region.
“We strive to earn the public’s confidence that we manage our finances in a responsible and transparent manner,” he said. “Responsible financial stewardship ensures that resources are directed where they make the greatest impact for our students and communities.”
The audits can be found under Item 13.02 of the district’s Governing Board agenda.