Agenda Item
Meeting Date:
10/29/2014 - 7:30 PM  
Category:
Business/Action Items  
Type:
Action  
Subject:
16.3 Public Hearing Resolution 14/15-20 Education Protection Account.  
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:
Resolution 14/15-20 Education Protection Account
Education Protection Account Spending Plan Letter 10/29/14
 
File Attachment:
DOC 102914 Resolution 14 15 20 Education Protection Account (EPA).pdf
DOC 102914 EPA Letter 10-29-14 Spending Plan.pdf
 
Summary:
The passage of Proposition 30 created the Education Protection Account. The act requires the board declare by resolution its intended use of the funds.  
Funding:
Proposition 30 Economic Protection Account Resource 1400.  
Fiscal Impact:
$35,557,471. Reallocated from Unrestricted General Fund.  
Recommendation
Hold public hearing for Resolution 14/15-20 Education Protection Account.  
Approvals:
Recommended By:
Signed By:
Nance Juner - Director of Fiscal Services
Signed By:  
Dr. Nellie Meyer - Superintendent
 
Vote Results: