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Meeting Date:
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9/12/2023 - 5:30 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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10.3 Resolution No. 23-24-03, Committed Revenues and Fund Balance
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Strategic Plan:
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Enclosure
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Resolution No. 23-24-03
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File Attachment:
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Summary:
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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.
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Funding:
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$3,750,000.00
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Recommendation:
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It is recommended that the Governing Board of Trustees approve Resolution No. 23-24-03 to commit funds to the Impact Aid Stabilization Reserve.
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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 'It is recommended that the Governing Board of Trustees approve Resolution No. 23-24-03 to commit funds to the Impact Aid Stabilization Reserve.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 |
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