Community Redevelopment Fund ~ This account is generated from County Redevelopment Property Tax Trust Fund and other Redevelopment Agency Assets. The funding is restricted to be used for facility construction, remodeling or deferred maintenance. We have primarily used the funds for district-wide deferred maintenance projects. Years ago the Board of Trustees established this account to fund long-range projects in our facilities. One of the dedicated funding streams comes from site facility rentals (i.e., athletic fields, auditoriums, etc.). The profits from those rentals go into Fund 40. Expenditures are by site with the monies raised by that site's facility use. All expenditures are restricted to Board approval. A few examples of the use of these funds would be track & field repair/renovation, bleacher & scoreboard repairs, pool maintenance and chemicals, weight room floor mats, and theater updates/renovations. Another area of budgeting of expenses is our Facility Budgets. Here's a run down of them and some of the projects that they have funded. Fund 40 ~ Ongoing Routine Repair & Maintenance ~ The State requires that the District annually contribute three percent (3%) of the General Fund into this account. This is what is used to fund the day-to-day maintenance of our facilities. It has very restrictive guidelines for what expenditures it can be used for. Examples of these expenses are repair/replacement of HVAC systems, boiler units, carpeting, door locks and restrooms. These are the monies we used to replace all of the toilets and restroom fixtures damaged by vandalism. These funds are used to maintain safe facilities for all of our students and staff. Developer Fees ~ Placer County collects fees from individuals for permitting of new buildings or additions to existing homes. Part of those fees to go the elementary and high school districts in the area they are building. These fees are based on student population growth and are allocated district-wide, not site specific. The guidelines for what these funds can be used for are very restrictive and they must also be used in a timely manner. Funds can be saved for a couple of years for a large project, for example, updating classroom buildings, but must be spent within five years. The premise behind these funds is to provide facilities due to the increased demand on the facility generated by new development and is necessary to maintain existing levels of service. Bonds ~ Measure W - This is a District-wide Bond that funded modernization of existing structures and some new buildings throughout the District. Measure D - This Bond is specific to Del Oro High School and was approved by the voters in those boundaries. Measure G - This Bond is specific to Placer High School and was approved by the voters in those boundaries. The funding previously mentioned doesn’t bring in enough revenue to allow us to create the learning environments that the Bonds allowed us to do. Again, thank you to all of our communities for your support of our students and staff.
Made with FlippingBook Digital Proposal Creator