Senate Bill (SB) 754 (Chapter 573, Statutes of 2012) requires school districts to post expenditure and related fiscal information on its website in order to receive Economic Impact Aid (EIA) funds.
Note the Local Control Funding Formula enacted by the Legislature and effective July 1, 2013, eliminates EIA and many other State categorical programs. However, until such time as the EIA program is actually eliminated in statute, school districts must comply with this provision. The posting requirement continues to apply to unspent EIA funds. The District will post fiscal information for the 2012-13 EIA unspent funds in August 2014.
Proposition 30, The Schools and Local Public Safety Protection Act of 2012, approved by the voters on November 6, 2012, temporarily increases the states sales tax rate for all taxpayers and the personal income tax rates for upper-income taxpayers.
The revenues generated from Proposition 30 are deposited into a newly created state account called the Education Protection Account (EPA). School districts, county offices of education, and charter schools (LEAs) will receive funds from the EPA based on their proportionate share of the statewide revenue limit amount.
EPA is a component of an LEA's total revenue limit. Accordingly, a corresponding reduction is made to an LEA's revenue limit equal to the amount of their EPA entitlement.
Pursuant to Article XIII, Section 36 of the California Constitution, school districts, county offices of education, and community college districts (LEAs) are required to determine how the moneys received from the Education Protection Account (EPA) are spent in the school or schools within its jurisdiction. EPA funds must not be used for the salaries and benefits of administrators or any other administrative costs. The governing board of a school district must make annual spending determinations in an open session at a public meeting. The school district must annually post on its website an accounting of how much money was received from EPA and how that money was spent.