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Meeting Date:
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6/24/2013 - 6:00 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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7.3 Public Hearing for Resolution 12/13-51 Education Protection Account. Continued from June 17, 2013 Board Meeting.
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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Resolution 12/13-51 Education Protection Account (EPA)
Education Protection Account Spending Plan Letter 6/11/13
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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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$26,584,782. Reallocated from Unrestricted General Fund.
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Recommendation:
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Hold Public Hearing on use of Education Protection Account 2013-14.
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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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John Bernard - Interim Superintendent
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