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Meeting Date:
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8/24/2010 - 7:30 PM
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Category:
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Untitled
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Type:
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Action
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Subject:
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14.11 Resolution to Utilize Flexibility Authorized by SBX3 4.
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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Resolution #10/11-12
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File Attachment:
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Summary:
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SBX3 4 provides limited fiscal flexibility for the fiscal years 2010-11 through 2012-13 to allow school districts to utilize funding received from the state budget act for "Tier 3" categorical programs for any educational purpose. Additionally balances from June 30, 2008 can be transferred prior to closing the books for June 30, 2010.
Mt. Diablo Unified School District will utilize the flexibility provided through SBX3 4 to transfer the remaining combined fund balance of $106,001.33 prior to closing of fiscal year 2009/2010 in the California High School Exit Examination Instructional Materials Fund
(resource 7056), the K-8 Instructional Materials Fund
(resource 7155) and the Williams Instructional Materials Fund (resource 7158) to the Unrestricted General Fund (program 0924 - SBX# 4 Sweep) for any educational purpose.
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Funding:
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Transfer from California High School Exit Examination Instructional Materials Fund ($20,831.47 - resource 7056), K-8 Instructional Materials Funds ($3,938.88 - resource 7155) and Williams Instructional Materials Funds ($81,230.98 - resource 7158) to the Unrestricted General Fund (program 0924 - SBX3 4 Sweep) for any educational purpose.
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Fiscal Impact
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$106,001.33
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Recommendation:
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Approve Resolution 10/11-12 to Utilize
Flexibility Authorized by SBX3 4 as presented.
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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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Steven Lawrence - Superintendent
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Vote Results:
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| Original Motion | | Member Gary Eberhart Moved, Member Sherry Whitmarsh seconded to approve the Original motion 'Hold Public Hearing regarding using SBX3 4 flexibility to transfer the balance in the California High School Exit Examination Instructional Materials Fund, the K-8 Instructional Materials Fund, and the Williams Instructional Materials Fund to the Unrestricted General Fund for any educational purpose.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Gary Eberhart | Yes | | Paul Strange | Yes | | Linda Mayo | Yes | | Richard Allen | Yes | | Sherry Whitmarsh | Yes | |
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