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Meeting Date:
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5/20/2013 - 7:30 PM
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Category:
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Business/Action Items
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Type:
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Action
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Subject:
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14.14 Public Hearing for Resolution 12/13-45 Education Protection Account
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure:
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Resolution 12/13-45 Education Protection Account
Education Protection Account (EPA) Spending Plan Letter
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File Attachment:
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Summary:
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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.
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Funding:
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Proposition 30 Economic Protection Account Resource 1400.
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Fiscal Impact
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$36,132,852 Reallocated from Unrestricted General Fund.
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Recommendation:
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Hold Public Hearing on use of Education Protection Account.
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Approvals:
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Recommended By:
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Signed By:
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Bryan Richards - Chief Financial Officer
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Signed By:
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Rose Lock - Assistant Superintendent of Middle
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