Agenda Item
Meeting Date:
6/25/2015 - 5:00 PM  
Category:
Business/Action Items  
Type:
Action  
Subject:
10.1 2015-2016 District Budget  
LCAP (Local Control Accountability Plan) Goal:
Strategic Initiative 5.2 Optimal Operations and Infrastructure
Ensure Fiscal stability and accountability through effective stewardship of financial assets and funding sources.
 
Policy:
 
Enclosure:
MDUSD 2015-16 Proposed Budget Presentation
MDUSD 2015-16 Proposed Budget
 
File Attachment:
DOC 62515 MDUSD 2015-16 Adopted Budget.pdf
 
Summary:
The 2015-16 proposed budget includes earlier actions taken by the Board of Education for 2015-16; the Governor's May Revise; and costs associated with moving from one year to the next, such as moving employee's salaries through the salary schedule and changes in the employee benefit rates, current information the District has with implementing the Local Control Funding formula (LCFF) and changes in the employee benefit rates. The Cost of Living Adjustment (COLA) is 1.02%.  
Funding:
The Budget covers all funds of the District.  
Fiscal Impact:
N/A  
Recommendation
Adopt the MDUSD 2015-16 Proposed Budget as presented.  
Approvals:
Recommended By:
Signed By:
Nance Juner - Director of Fiscal Services
Signed By:  
Dr. Nellie Meyer - Superintendent
 
Vote Results:

New Motion
Member Barbara Oaks Moved, Member Debra Mason seconded to approve the New motion 'Adopt the MDUSD 2015-16 Proposed Budget. '. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0.
The motion Carried 4 - 0
   
Linda Mayo     Yes
Cheryl Hansen     Yes
Barbara Oaks     Yes
Debra Mason     Yes