Agenda Item
Meeting Date: 6/24/2013 - 6:00 PM
Category: Business/Action Items
Type: Action
Subject: 7.3 Public Hearing for Resolution 12/13-51 Education Protection Account. Continued from June 17, 2013 Board Meeting.
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: Hold Public Hearing on use of Education Protection Account 2013-14.
Approvals:
Recommended By:
Signed By:
Bryan Richards - Chief Financial Officer
Signed By:
John Bernard - Interim Superintendent
Vote Results: