Arvin Union School District

737 Bear Mountain Boulevard

Arvin, CA 93203

 

Minutes of the Governing Board

  

      Minutes of the Arvin Union School District Board of Trustees Financing Corporation Meeting held on May 19, 2009.

 

The meeting was called to order by Mr. Stoner at 6:30 p.m.

Call to Order

 

 

Members Present:  Mr. Bill Stoner, President                Mr. Tim Owens                  

                                Mrs. Anabel Rubio, Clerk               Mrs. Joycene Tarver       

                                                                                    

Roll Call

Members Absent:   Mr. Albert De Leon

Member Absent

 

 

Staff Present: 

            Mrs. Jerelle Kavanagh, Superintendent

            Mrs. Marilyn Thompson, Assistant Superintendent

            Mrs. Michelle Leggett, Director of Student Support Services

            Mr. Gayle Hui, Haven Drive Vice Principal

            Mrs. Laurie Bowden, Sierra Vista Vice Principal

            Mrs. Georgia Rhett, El Camino Real Principal

            Mrs. Debbie L. Hearron, District Secretary

            Mrs. Ludim Llanes, District Receptionist

            Mrs. Karen Davis, Family Resource Coordinator

            Mr. David Zamarron, Director of MOTS

            Mr. Rey Ramos,  Haven Drive Custodian/Driver           

            Mrs. Lisette Macias, El Camino Real Custodian/Driver

            Mr. Rick Perez, El Camino Real Custodian/Driver

            Mrs. Margarita Perez, School Readiness Advocate

            Mr. Luis Carmona, Family Advocate, CSEA President        

 

Staff Present

Others Present:  Mrs. Jennifer Carmona

Others

 

 

Mrs. Rubio led the pledge of allegiance.

Pledge of Allegiance

 

 

On motion of Mr. Owens, seconded by Mrs. Tarver, the board unanimously approved the minutes of the Financing Corporation Meeting of May 20, 2008.

Minutes

 

 

On motion of Mr. Owens, seconded by Mrs. Tarver, the board unanimously approved the Financial Reports year ending November 1, 2008 as follows:

 

 

 

 

 

 

 

Financial Reports 11/1/08

 

 

1996 - $3,270,000 Bonds – year ending November 1, 2008.

                                    Principal Payment          $160,000

                                    Interest Payment           $  82,275

                                    Debt Service total          $242,275

 

                                    Totals – May 1, 1996 to November 1, 2008

                                    Principal Payment          Interest Payment           Debt Service Total

                                    $1,985,000.00                $1,674,007.50                $3,659,007.50

 

1996 - $1,080,000 Bonds – year ending November 1, 2008.

                                    Principal Payment          $  70,000

                                    Interest Payment           $  32,400

                                    Debt Service total          $102,400

 

                                    Totals – May 1, 1996 to November 1, 2008

                                    Principal Payment          Interest Payment           Debt Service Total

                                    $575,000.00                  $656,722.50                  $1,231,722.50

 

2004 Series 2004A - $5,059,348.30 Bonds – year ending November 1, 2008.

                                    Principal Payment          $  70,000.00

                                    Interest Payment           $219,471.26

                                    Debt Service total          $289,471.26

 

                                    Totals – May 1, 2004 to November 1, 2008

                                    Principal Payment          Interest Payment           Debt Service Total

                                    $165,000.00                  $974,252.82                  $1,139,252.82

 

1989 Series 2005 - $768,834.55 Bonds – year ending November 1, 2008.

                                    Principal Payment          $ 85,000

                                    Interest Payment           $ 25,850

                                    Debt Service total          $110,850

 

                                    Totals – May 1, 2004 to November 1, 2008

                                    Principal Payment          Interest Payment           Debt Service Total

                                    $240,000.00                  $92,380.69                    $332,380.69

 

 

 

 

On motion of Mr. Owens, seconded by Mrs. Tarver, the board unanimously approved to adjourn the meeting at 6:38 p.m.

Adjournment

 

 

 

 

                                                                                                                                                                               

Clerk                                                                                      Secretary