Agenda Item
Meeting Date:
6/22/2015 - 6:00 PM  
Category:
Business/Action Items  
Type:
Action  
Subject:
16.4 Resolution 14/15-53 Education Protection Account (EPA)  
LCAP (Local Control Accountability Plan) Goal:
Strategic Initiative 5.2 Optimal Operations and Infrastructure
Ensure Fiscal stability and accountability through effective stewardship of financial assets and funding sources.
 
Policy:
 
Enclosure:
EPA Spending Plan Letter June 2015
Resolution 14/15-53 Education Protection Account (EPA)
 
File Attachment:
DOC 062215 EPA Spending Plan Letter 2015.pdf
DOC 062215 Resolution 14 15 53 Education Protection Account (EPA).pdf
 
Summary:
The passage of Proposition 30 created the Education Protection Account. The act requires the board declare by resolution its intended use of the funds.  
Funding:
Proposition 30 Economic Protection Account Resource 1400.  
Fiscal Impact:
$37,341,662.  
Recommendation
Approve EPA Spending Plan Letter June 2015 and
Resolution 14/15-53 Education Protection Account
 
Approvals:
Recommended By:
Signed By:
Nance Juner - Director of Fiscal Services
Signed By:  
Dr. Nellie Meyer - Superintendent
 
Vote Results:

New Motion
Member Barbara Oaks Moved, Member Brian Lawrence seconded to approve the New motion 'Approve Resolution 14/15-53 Education Protection Account and EPA Spending Plan Letter June 2015.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Linda Mayo     Yes
Cheryl Hansen     Yes
Brian Lawrence     Yes
Barbara Oaks     Yes
Debra Mason     Yes