Volume I, No. 18

March 19, 2009

Education’s Bottom Line provides information regarding the State Budget along with other pertinent information on issues affecting school districts.  

Pooled Money Investment Board (PMIB) Meeting Update

By Duwayne Brooks

The Pooled Money Investment Board (PMIB) met on March 18, 2009. Their agenda included a discussion of the impact of the State’s cash management requirements on the current freeze of AB 55 loan disbursements for public works projects. more ...

SAB Gives Go Ahead for “Unfunded Approvals”

 By Patti Herrera

The State Allocation Board approved an item at its Special Meeting on March 11 that authorizes OPSC to process funding applications and bring them to the board for consideration as “Unfunded Approvals.”  The Board approval was contingent upon the condition that the Unfunded Approvals would only be granted up to the current total bonding authority and that the Board would reconsider the matter when that threshold was met. more ...

The Application Process for AARA State Stabilization Funds Moves Forward

By Anna Ferrera  

The United States Department of Education (USDE) has developed a draft application for the State Fiscal Stabilization Fund (SFSF) under the American Recovery and Reinvestment Act.  The draft is now pending approval at the Office of Management and Budget. more...

If you have any questions on the articles in this newsletter, please contact the author of the article in question.

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Murdoch, Walrath & Holmes (MWH) has been instrumental in shaping statewide policy and implementing regulations for K-12 schools for more than two decades.  Strategic relationships have been forged with the State Administration through agencies such as the Department of Education, the State Allocation Board, the Department of Finance and the Office of Public School Construction and, on the federal level, with key Congressional Members and the Executive Branch.  MWH prides itself on having some of the best minds in K-12 education in virtually all aspects of school fiscal needs. 

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