Agenda Item
Meeting Date: 3/9/2010 - 7:30 PM
Category: Business/Action Items
Type: Action
Subject: 14.3 2009-10 Second Interim Report
LCAP (Local Control Accountability Plan) Goal:
Enclosure: MDUSD Second Interim Report, District Certification of Interim Report.
File Attachment:
2009-2010 Second Interim book.pdf
interim2 0910 March 9 (2).ppt
Summary: The interim report presents revenue and expenditure projections to the end of the fiscal year and compares these projections to the budget. The projections are made by gathering the best information available at the time from a variety of sources, such as district administrators, county officials, state officials, and School Services of California. The year-end projections are then compared to the budget to display the differences and to give the most up-to-date picture of how the district will end the year financially, as well as the two subsequent years.

The Second Interim Report contains budgets and transactions through January 31, 2010.

The multi-year projection reflects the economic changes since the First Interim Report including the cuts related to the Governor's 2010-11 State budget proposal. The cuts the Board approved through February 23, 2010 are also included, as are the cuts recommended in item number 14.2 on tonight's agenda. The multi-year projection demonstrates that MDUSD will be able to meet its financial obligations in the 2010-11 and 2011-12 fiscal years. Based on this, the Superintendent will recommend that the MDUSD Board of Education approve a positive certification.
Funding: None.
Fiscal Impact Not Applicable.
Recommendation: Approval of the District's Positive Certification is recommended.
Recommended By:
Signed By:
Bryan Richards - Chief Financial Officer
Signed By:
Steven Lawrence - Superintendent
Vote Results:

Original Motion
Member Sherry Whitmarsh Moved, Member Linda Mayo seconded to approve the Original motion 'Approve recommended reduction as presented.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
Gary Eberhart     Yes
Paul Strange     Yes
Linda Mayo     Yes
Richard Allen     Yes
Sherry Whitmarsh     Yes