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Meeting Date:
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6/1/2015 - 5:00 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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17.2 Public Hearing Resolution 14/15-53 Education Protection Account.
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LCAP (Local Control Accountability Plan) Goal:
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Strategic Initiative 5.2 Optimal Operations and Infrastructure Ensure Fiscal stability and accountability through effective stewardship of financial assets and funding sources.
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Enclosure
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Resolution 14/15-53 Education Protection Account
Education Protection Account Spending Letter June 2015
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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. 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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$37,341,662. Reallocated from Unrestricted General Fund.
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Recommendation:
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Hold public hearing for Resolution 14/15-53 Education Protection Account.
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Approvals:
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Recommended By:
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Signed By:
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Nance Juner - Director of Fiscal Services
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Signed By:
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Dr. Nellie Meyer - Superintendent
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