Receive report from Measure A (2016 Housing Bond) Independent Citizens' Oversight Committee relating to the Fiscal Year (FY) 2025-2026 Third Quarter Report and FY 2024-2025 Financial Audit Report from the Independent Auditor.

County of Santa Clara Clerk of the Board 129757 DATE: August 11, 2026 TO: Board of Supervisors FROM: Curtis Boone, Clerk of the Board SUBJECT: Measure A (2016) Independent Auditor FY 2025-2026 Q3 Report and FY 20242025 Financial Audit Report RECOMMENDED ACTION Receive report from Measure A (2016 Housing Bond) Independent Citizens' Oversight Committee relating to the Fiscal Year (FY) 2025-2026 Third Quarter Report and FY 20242025 Financial Audit Report from the Independent Auditor. FISCAL IMPLICATIONS There are no fiscal implications associated with receipt of this report. REASONS FOR RECOMMENDATION Pursuant to Santa Clara County Ordinance Code section A6-242 and the Bylaws of the Measure A (2016 Housing Bond) Independent Citizens’ Oversight Committee, the Committee is required to receive and provide to the Board an annual financial audit and quarterly report from the independent auditor, Macias Gini and O’Connell LLP (MGO). On June 12, 2026, the Committee received, reviewed, and approved forwarding to the Board of Supervisors the Independent Auditor’s Third Quarter Report for Fiscal Year (FY) 2025-2026 and Financial Audit Report for FY 2024-2025. CHILD IMPACT This action will...

Docusign Envelope ID: 895AC41A-0FD0-8318-81BB-124091885F7C County of Santa Clara Measure A (2016 Housing Bond) Independent Citizens’ Oversight Committee County Government Center, East Wing 70 West Hedding Street San Jose, CA 95110 ___________________________________________________________________________________________ August 5, 2026 Board of Supervisors County of Santa Clara 10th Floor, East Wing 70 West Hedding Street San Jose, CA 95110 Subject: Citizen’s Oversight Committee’s Measure A 2016 Affordable Housing Bond Program Independent Advisor’s Third Quarter Report for Fiscal Year 2025-2026 Dear Board of Supervisors: Please find attached the following documents for your review prepared by Macias Gini & O’Connell LLP (MGO) and approved by the Measure A 2016 Affordable Housing Bond Program (Program) Citizen’s Oversight Committee (Committee) at our June 12, 2026, meeting: • County of Santa Clara Citizen’s Oversight Committee’s Measure A 2016 Affordable Housing Bond Program Independent Advisor’s Third Quarter Report for Fiscal Year 20252026 The Committee presents the Board of Supervisors (Board) the following key takeaways regarding the Program, as of March 31, 2026. 1. The...

COUNTY OF SANTA CLARA HOUSING BOND PROJECTS FUNDS (Funds of the County of Santa Clara) Independent Auditor’s Reports, Financial Statements, and Independent Accountant’s Report For the Year Ended June 30, 2025 COUNTY OF SANTA CLARA HOUSING BOND PROJECTS FUNDS (Funds of the County of Santa Clara) For the Year Ended June 30, 2025 Table of Contents Page Independent Auditor’s Report ...................................................................................................................1 Financial Statements: Combining Balance Sheet.................................................................................................................................. 3 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances ......................................... 4 Notes to the Financial Statements ..................................................................................................................... 5 Other Reports Independent Auditor’s Report on Internal Control Over Financing Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards...