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Meeting Date:
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9/10/2019 - 6:30 PM
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Category:
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BUSINESS SERVICES
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Type:
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Action
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Subject:
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9.5 Fund Balances Above the Minimum Recommended Reserve for Economic Uncertainties
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Strategic Plan:
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Enclosure
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Adopted Budget 2019-20 Budget Attachment Balances in Excess of Minimum Reserve Requirements
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File Attachment:
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Summary:
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California Ed Code 42127(a)(2)(B) and 42127.01 requires Districts to provide a statement of reason(s) to substantiate the need for an assigned and unassigned ending fund balance that is in excess of the minimum recommended reserve for economic uncertainties.
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Funding:
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No Impact
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Recommendation:
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Administration recommends the Governing Board approve the Fund Balance above the minimum recommended reserve for Economic Uncertainties as stated.
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Approvals:
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Recommended By:
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Signed By:
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Robin Schreiner - Senior Director, Business Services
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Signed By:
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Marc Lacey - Assistant Superintendent, Administrative Services
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Signed By:
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Jesse M. Najera - Superintendent
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Vote Results:
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| Original Motion | | Member Mark Staggs Moved, Member Lynn McKee seconded to approve the Original motion 'Administration recommends the Governing Board approve the Fund Balance above the minimum recommended reserve for Economic Uncertainties as stated.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 |
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