Agenda Item
Meeting Date:
6/17/2013 - 7:30 PM  
Category:
Untitled  
Type:
Action  
Subject:
16.3 Public Hearing for Resolution 12/13-51 Education Protection Account 2013-14  
LCAP (Local Control Accountability Plan) Goal:
 
Policy:
 
Enclosure:
Resolution 12/13-51 Education Protection Account (EPA) 2013-14
Education Protection Account Spending Plan Letter 6/11/13
 
File Attachment:
DOC61713 Resolution 12 13 51 Education Protection Account 2013-14.pdf
DOC 61713 EPA Spending Plan Letter 61113.pdf
 
Summary:
The passage of Proposition 30 created the Education Protection Account. Although the funds are simply a reallocation of previously unrestricted funds, the act requires the board declare by resolution its intended use of the funds.  
Funding:
Proposition 30 Economic Protection Account Resource 1400.  
Fiscal Impact:
$26,584,782. Reallocated from Unrestricted General Fund.  
Recommendation
Hold Public Hearing on use of Education Protection Account 2013-14.  
Approvals:
Recommended By:
Signed By:
Bryan Richards - Chief Financial Officer
Signed By:  
John Bernard - Interim Superintendent
 
Vote Results: