Agenda Item
Meeting Date: 5/20/2013 - 7:30 PM
Category: Business/Action Items
Type: Action
Subject: 14.14 Public Hearing for Resolution 12/13-45 Education Protection Account
LCAP (Local Control Accountability Plan) Goal:
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: Hold Public Hearing on use of Education Protection Account.
Recommended By:
Signed By:
Bryan Richards - Chief Financial Officer
Signed By:
Rose Lock - Assistant Superintendent of Middle
Vote Results: