Agenda Item
Meeting Date:
9/10/2024 - 5:30 PM  
Category:
BUSINESS SERVICES  
Type:
Action  
Subject:
9.3 Consider Approval of Resolution No. 24-25-07, Committed Revenues and Fund Balance  
Strategic Plan:
 
Policy:
 
Enclosure:
Resolution No. 24-25-07  
File Attachment:
Resolution No. 24-25-07 .docx.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:
$4,000,000.00  
Recommendation
It is recommended that the Governing Board of Trustees approve Resolution No. 24-25-07 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 Lynn McKee Moved, Member Mark Staggs seconded to approve the Original motion 'It is recommended that the Governing Board of Trustees approve Resolution No. 24-25-07 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