Review Agenda Item
Meeting Date: 3/2/2015 - 7:00 PM
Category: Business/Action Items
Type: Action
Subject: 17.5 PULLED BY STAFF: Financial and Operational Memorandum of Understanding and Supplemental Charter Agreement Between the Mt. Diablo Unified School District ("District") and The Eagle Peak Montessori Charter School ("EPMS")
LCAP (Local Control Accountability Plan) Goal:
Policy:
Enclosure Financial and Operational Memorandum of Understanding and Supplemental Charter Agreement Between the Mt. Diablo Unified School District and The Eagle Peak Montessori Charter School
File Attachment:
Summary: EPMS is an internal charter school of the District. Since the granting of its charter in 2000, the parties have entered into a multi-year memorandum of understanding outlining the specific funding sources anticipated to be available to EPMS as well as operational relationships. This agreement shall continue in effect until such time that the Parties modify or enter into a subsequent agreement.
Funding: Charter School Fund and Unrestricted General Fund
Fiscal Impact EPMS will be charged for administrative services provided by the District based on the District's indirect Cost Rate, adjusted annually per the California Department of Education. Currently, the rate is 3.53% and the preliminary rate for 2015-16 is 3.98%.
Recommendation: Approve the multi-year Financial and Operational Memorandum of Understanding and Supplemental Charter Agreement Between the District and Eagle Peak Montessori School.
Approvals:
Recommended By:
Signed By:
Deborah Cooksey - Associate General Counsel
Signed By:
Nance Juner - Director of Fiscal Services
Signed By:
Dr. Nellie Meyer - Superintendent
Vote Results: