Review Agenda Item
Meeting Date: 6/27/2016 - 7:00 PM
Category: Business/Action Items
Type: Action
Subject: 16.3 Resolution 15/16-48: 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 2016
Resolution 15/16-48 Education Protection Account
File Attachment:
DOC 62716 Education Protection Account Letter to Board.pdf
DOC 062716 Resolution 151648 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 for 2016-2017.
Funding: Proposition 30 Economic Protection Account Resource 1400.
Fiscal Impact $41,092,971.
Recommendation: Approve Resolution No. 15/16-48: Education Protection Account.
Approvals:
Recommended By:
Signed By:
Nance Juner - Director of Fiscal Services
Signed By:
Wayne Oetken - Business Services
Signed By:
Dr. Nellie Meyer - Superintendent
Vote Results:

New Motion
Member Debra Mason Moved, Member Barbara Oaks seconded to approve the New motion 'Approve Resolution No. 15/16-48: Education Protection Account.'. 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