Agenda Item
Meeting Date: 10/8/2019 - 6:00 PM
Category: BUSINESS SERVICES
Type: Action
Subject: 8.6 Resolution No: 19-20-10 Committed Revenues and Fund Balance
Strategic Plan:
Policy:
Enclosure: Resolution No. 19-20-10 Commit Funds to the Impact Aid Revenue Stabilization Reserve
File Attachment:
Resolution No. 19-20-10 Commit Funds to the Impact Aid Revenue Stabilization Reserve.pdf
Summary: As Impact Aid is not a forward funded Federal program and not an entitlement such as Title I and IDEA, and is therefore unpredictable, delayed, and unreliable at times. This could result in a serious and grave impact on the District’s budget and cash flow. It is therefore necessary that the Governing Board commit funds, as per GASB 54, to the Impact Aid Stabilization Reserve.
Funding: N/A
Recommendation: It is recommended that the Governing Board approve this resolution to commit funds to the Impact Aid Stabilization Reserve.
Approvals:
Recommended By:
Signed By:
Robin Schreiner - Senior Director, Business Services
Signed By:
Marc Lacey - Assistant Superintendent, Administrative Services
Signed By:
Jesse M. Najera - Superintendent
Vote Results:

Original Motion
Member Mark Staggs Moved, Member Brian Boatwright seconded to approve the Original motion 'It is recommended that the Governing Board approve this resolution to commit funds to the Impact Aid Stabilization Reserve.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Karen Gray     Yes
Lynn McKee     Yes
Brian Boatwright     Yes
Heather Reid     Yes
Mark Staggs     Yes