Mountain View Whisman School District
Agenda Item for Board Meeting of 5/7/2020
Agenda Category: REVIEW AND ACTION
Agenda Item Title: Resolution No.01-050720 to Establish a Fund for Measure T Funds (5 minutes)
Estimated Time:
Person Responsible: Rebecca Westover, Ed.D., Chief Business Officer
Background: The voters of the Mountain View Whisman School District community passed Measure T in the March 2020, a general obligation bond measure, to finance the construction of school district facilities. The California School Accounting Manual (CSAM) specifies that a Building Fund should be used to account separately for the proceeds from the sale of the bonds and related authorized expenditures.
Fiscal Implication: None.
Recommended Action: That the Board of Trustees approve Resolution No. 01-050720 to Establish a Fund for Measure T Funds.
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