Agenda Item
Meeting Date: 5/20/2013 - 7:30 PM
Category: Business/Action Items
Type: Action
Subject: 14.15 Resolution 12/13-45 Education Protection Account
LCAP (Local Control Accountability Plan) Goal:
Policy:
Enclosure: Resolution 12/13-45 Education Protection Account
Education Protection Account (EPA) Spending Plan Letter
File Attachment:
DOC52013 Resolution 12 13 45 Education Protection Account (EPA).pdf
DOC 52013 EPA Spending Plan Letter 41813.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 $36,132,852 Reallocated from Unrestricted General Fund.
Recommendation: Approve Resolution 12/13-45 Education Protection Account as presented.
Approvals:
Recommended By:
Signed By:
Bryan Richards - Chief Financial Officer
Signed By:
Rose Lock - Assistant Superintendent of Middle
Vote Results:

New Motion
Member Lynne Dennler Moved, Member Barbara Oaks seconded to approve the New motion 'Approve Resolution 12/13-45 Education Protection Account Spending Plan Letter. '. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0.
The motion Carried 4 - 0
   
Linda Mayo     Yes
Lynne Dennler     Yes
Cheryl Hansen     Yes
Barbara Oaks     Yes