Arvin Union School District

737 Bear Mountain Boulevard

Arvin, CA 93203

www.arvinschools.com

Meeting Location: Arvin Union School District

737 Bear Mountain Boulevard

The mission of the Arvin Union School District in partnership with parents and community is to provide each student the opportunity to develop intellectually, emotionally, physically, and socially. Through this process all students may become responsible and contributing members of society.

Any materials required by law to be made available to the public prior to a meeting of the Board of Trustees of the District can be inspected at the Arvin Union School District Office, 737 Bear Mountain Boulevard, Arvin, CA 93203 during normal business hours.

AGENDA

Board of Directors of the

Arvin Union School District

Financing Corporation

May 17, 2011 6:30 p.m.

CALL TO ORDER BY AT AND ROLL CALL.

Mrs. Anabel Rubio, President Mr. Bill Stoner ______

Mrs. Janie Arvizu, Clerk Mr. Tim Owens ______

Mrs. Joycene Tarver

STAFF PRESENT

Dr. Michelle McLean, Superintendent ______ Mrs. Laurie Bowden, SV Vice Principal _____

Mrs. Kathie Kouklis, Assistant Superintendent ______ Mrs. Aurora Moran, BME Principal ______

Ms. Geneva K. Banks, Administrative Secretary ______ Ms. Melanie Meadows, SV/BME/ECR Vice Principal_____

Mrs. Ana Delgado, Community Liaison Mrs. Georgia Rhett, ECR Principal ______

Mr. Chris Davis, Chief Business Official ______ Mr. David Bowling, HD Principal ______

Mr. David Zamarron, MOTS Director ______ Mr. Gayle Hui, HD Vice Principal ______

Mrs. Angie Summers, HD Vice Principal

__________________________________

OTHERS

___________________________________ ___________________________________

Pledge of Allegiance LED BY________________________________________

1. BUSINESS ADMINISTRATION

1.1 Approve minutes of the May 18, 2010 minutes.

Motion _______Second _______ Vote: Yes _______ No _______

1.2 Financial Reports

                  1.2.1    1996 - $3,270,000 Bonds – year ending November 1, 2010.

                              Principal Payment          $180,000

                              Interest Payment           $  64,205

                              Debt Service total          $244,205

                              Totals – May 1, 1996 to November 1, 2010

                              Principal Payment          Interest Payment           Debt Service Total

                              $2,335,000.00                $1,811,767.50                $4,146,767.50

                  1.2.2    1996 - $1,080,000 Bonds – year ending November 1, 2010.

                              Principal Payment          $  80,000.00

                              Interest Payment           $  24,207.50

                              Debt Service total          $104,207.50

                              Totals – May 1, 1996 to November 1, 2010

                              Principal Payment          Interest Payment           Debt Service Total

                              $730,000.00                  $709,375.00                  $1,439,375.00

                 1.2.3     1989 Series 2005 - $768,834.55 Bonds – year ending November 1, 2010.

                              Principal Payment          $  90,000

                              Interest Payment           $  18,850

                              Debt Service total          $108,850

                              Totals – May 1, 2004 to November 1, 2010

                              Principal Payment          Interest Payment           Debt Service Total

                              $420,000.00                  $133,680.69                    $553,680.69

                  1.2.4     2004 Series 2004A - $5,059,348.30 Bonds – year ending November 1, 2010.

                              Principal Payment          $100,000.00

                              Interest Payment           $213,271.26

                              Debt Service total          $313,271.26

                              Totals – May 1, 2004 to November 1, 2010

                              Principal Payment          Interest Payment           Debt Service Total

                              $365,000.00                   $1,404,545.34                $1,769,545.34

                  1.2.5     2004 Series 2008 - $5,059,874.20 Bonds – year ending November 1, 2010.

                              Principal Payment          $25,000.00

                              Interest Payment           $56,327.50

                              Debt Service total          $81,237.50

                              Totals – May 1, 2008 to November 1, 2010

                              Principal Payment          Interest Payment           Debt Service Total

                              $ 25,000.00                    $122,718.99                   $147,628.99

Motion _______Second _______ Vote: Yes _______ No _______

2. ADJOURNMENT

Motion _______Second _______ Vote: Yes _______ No _______ at

Note: Individuals who require disability-related accommodations or modifications, including auxiliary aids and services, in order to participate in the Board meeting should contact the Superintendent’s Office at least two days before the meeting date.