Minutes of the Arvin Union School District
Board of Trustees Financing Corporation Meeting held on May 18, 2010.
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The meeting was called to order by Mr. Stoner at 8:40
p.m. |
Call to Order |
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Members Present: Mrs. Anabel Rubio, President Mr. Bill Stoner Mrs. Joycene
Tarver, Clerk Mr.
Tim Owens |
Roll Call |
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Members Absent:
None |
Member Absent |
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Staff Present:
Mrs. Jerelle Kavanagh, Superintendent
Mrs. Marilyn Thompson, Assistant Superintendent Mrs. Kathie Kouklis, Director of Student
Support Services
Ms. Geneva K. Banks, Administrative Secretary Mr. Chris Davis, District
Accountant
Mrs. Angelica Salinas, Sierra Vista Principal
Mrs. Aurora Moran, Bear Mountain Principal
Mrs. Georgia Rhett, El Camino Real Principal
Mr.
David Bowling, Haven Drive Principal |
Staff Present |
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Others Present: Sylvia Balteria, Terry Dean, Jennifer Johnson, David Zamarron, Robert Rangel, Luis Carmona, Martha Mortimer, Enrique Arambula, Elizabeth Salinas, Virginia Hemingway, Cathie Barraza, Barbara Castle, Rick Perez, Margarita Perez, Rey Ramos, Jacalyn Roberts, Hilda Ocampo, Amanda Torres. |
Others |
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Mr. Owens led the
pledge of allegiance. |
Pledge of Allegiance |
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On motion of Mr.
Owens, seconded by Mrs. Tarver, the board unanimously approved the minutes of
the Financing Corporation Meeting of May 19, 2009. |
Minutes |
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On motion of Mr. Owens,
seconded by Mr. Stoner, the board unanimously approved the Financial Reports
year ending November 1, 2009 as follows: |
Financial Reports 11/1/09 |
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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 |
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On motion of Mr. Stoner,
seconded by Mr. Owens, the board unanimously approved to adjourn the meeting
at 8:42 p.m. |
Adjournment |
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Clerk Secretary
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