Arvin Union School District

737 Bear Mountain Boulevard

Arvin, CA 93203

www.arvinschools.com

Meeting Location: El Camino Real Elementary School Cafeteria

911 El Camino Real

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 18, 2010 6:30 p.m.

CALL TO ORDER BY AT AND ROLL CALL.

Mrs. Anabel Rubio, President ______ Mr. Bill Stoner ______

Mrs. Joycene Tarver, Clerk ______ Mr. Tim Owens ______

STAFF PRESENT

Mrs. Jerelle Kavanagh, Superintendent ______ Mrs. Angelica Salinas, SV Principal ______

Mrs. Marilyn Thompson, Assistant Supt. ______ Mrs. Laurie Bowden, SV Vice Principal _____

Mrs. Kathie Kouklis, Student Support Services ______ Mrs. Aurora Moran, BME Principal ______

Ms. Geneva K. Banks, Administrative Secretary _____ Ms. Melanie Meadows, BME/ECR Vice Principal _____

Mrs. Ludim Llanes, District Receptionist ______ Mrs. Georgia Rhett, ECR Principal ______

Mr. Chris Davis, District Accountant ______ Mr. David Bowling, HD Principal ______

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

__________________________________

OTHERS

___________________________________ ___________________________________

Pledge of Allegiance LED BY________________________________________

1. BUSINESS ADMINISTRATION

1.1 Approve minutes of the May 19, 2009 minutes.

Motion _______Second _______ Vote: Yes _______ No _______

1.2 Financial Reports

                  1.2.1    1996 - $3,270,000 Bonds – year ending November 1, 2009.

                              Principal Payment          $170,000

                              Interest Payment           $  73,555

                              Debt Service total          $243,555

                              Totals – May 1, 1996 to November 1, 2009

                              Principal Payment          Interest Payment           Debt Service Total

                              $2,155,000.00                $1,747,562.50                $3,902,562.50

                  1.2.2    1996 - $1,080,000 Bonds – year ending November 1, 2009.

                              Principal Payment          $  75,000

                              Interest Payment           $  28,445

                              Debt Service total          $103,445

                              Totals – May 1, 1996 to November 1, 2009

                              Principal Payment          Interest Payment           Debt Service Total

                              $650,000.00                  $685,167.50                  $1,335,167.50

                 1.2.3     1989 Series 2005 - $768,834.55 Bonds – year ending November 1, 2009.

                              Principal Payment          $  90,000

                              Interest Payment           $  22,450

                              Debt Service total          $112,450

                              Totals – May 1, 2004 to November 1, 2009

                              Principal Payment          Interest Payment           Debt Service Total

                              $330,000.00                  $114,830.69                    $444,830.69

                  1.2.4     2004 Series 2004A - $5,059,348.30 Bonds – year ending November 1, 2009.

                              Principal Payment          $100,000.00

                              Interest Payment           $217,021.26

                              Debt Service total          $317,021.26

                              Totals – May 1, 2004 to November 1, 2009

                              Principal Payment          Interest Payment           Debt Service Total

                              $265,000.00                   $1,191,274.08                $1,456,274.08

                  1.2.5     2004 Series 2008 - $5,059,874.20 Bonds – year ending November 1, 2009.

                              Principal Payment          $       0.00

                              Interest Payment           $66,391.49

                              Debt Service total          $66,391.49

                              Totals – May 1, 2008 to November 1, 2009

                              Principal Payment          Interest Payment           Debt Service Total

                              $ 0.00                          $66,391.49                    $66,391.49

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.