The purpose of the Bond Oversight Committee (BOC) shall be to review the status of bond projects, bond expenditures, project schedules and the timelines of bond projects.
The committee shall also evaluate any proposed change to the scheduled project scope of work to the voter-approved bond program and communicate with the Board of Trustees as necessary.
The BOC shall be composed of seven (7) members from the Long Range Facility Planning Committee, seven (7) members appointed from the School Board Trustees, and three (3) citizen members. The committee chairperson shall be elected by a majority vote of the entire committee.
Members of this committee should have expertise in the areas of finance, architecture, construction project management, or be active members of the PTA, PTO, booster clubs, foundations, CHISD District Educational Improvement Committee (DEIC) or a site-based committee. The committee shall function as an administrative committee.
Citizen members of the committee shall not be employed or currently under contract with the district. In the event that an individual does become employed or under contract with the district during the term of their office, they shall automatically be removed from the committee. If a member has a conflict with a particular topic addressed by the committee, they can recuse themselves from that discussion rather than resign. The BOC shall meet at a minimum on a quarterly basis to review the progress of bond projects. Chapel Hill community members wishing to be on the committee can apply utilizing the link below.
Duties & Responsibilities
The duties and responsibilities of the BOC shall include the following, in addition to other duties and responsibilities as may be delegated to the Committee from time to time by the Superintendent of Schools.
1. Review the financial status of voter-approved bond programs through periodic financial reports.
2. Review the progress of voter-approved bond projects.
3. Review the expenditure of bond proceeds to determine the proceeds are being expended for the approved purpose.
4. Review the Bond Oversight Committee Charter annually.
5. Report to the Board of Trustees when necessary.