Meeting Time: May 23, 2017 at 6:00pm PDT
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Agenda Item

17-1018 A Report by the District's Senior Business Officer or designee to the Measure G1 Commission of the projected allocation of Measure G1 Funds to District and Charter Schools pursuant to the Allocation Methodology specified in the Districtwide Teacher Retention and Middle School Improvement Act, subsequently subject to determination and approval by said Commission.

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    Jim Mordecai over 7 years ago

    The county will charge interest on borrowing from Measure G1 revenue of $0.64%. That must be charged to 1% administrative cost or the District eats the cost of borrowing. Borrowing cost should not be taken from money directed to Middle School grants.