December 2, 2011

Special meeting

Chief Financial Officer Hector Encinas reported that with the passage Nov. 8 of the bond, the District has the opportunity to use new bond funding for qualifying expenditures (those that have been approved as part of the new bond) that were going to be paid for from the Unrestricted Capital Outlay budget.

The Governing Board approved a resolution to authorize spending from the newly approved bond funds for qualifying expenses within 60 days prior to the Board’s action and 18 months following.