Agenda Item
Meeting Date:
6/24/2013 - 6:00 PM  
Category:
Business/Action Items  
Type:
Action  
Subject:
7.4 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)
Education Protection Account Spending Plan Letter 6/11/13
 
File Attachment:
DOC62413 Resolution 12 13 51 Education Protection Account (EPA).pdf
DOC 62413 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
Approve Resolution 12/13-51 Education Protection Account 2013-14 as presented.  
Approvals:
Recommended By:
Signed By:
Bryan Richards - Chief Financial Officer
Signed By:  
John Bernard - Interim Superintendent
 
Vote Results:

New Motion
Member Barbara Oaks Moved, Member Lynne Dennler seconded to approve the New motion 'Approve Resolution 12/13-51 Education Protection Account 2013-14.

'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Linda Mayo     Yes
Lynne Dennler     Yes
Cheryl Hansen     Yes
Brian Lawrence     Yes
Barbara Oaks     Yes