District Office
T 650.526.3500
1400 Montecito Ave.
Mountain View, CA 94043
September 28, 2023
Dear Ms. Ramberg,
In accordance with Education Code (EC) Sections 42127 and 52070, the Santa Clara County Superintendent of Schools (County Superintendent) is required to approve, conditionally approve, or disapprove the Mountain View Whisman School District's 2023-24 Adopted Budget in conjunction with the Local Control Accountability Plan (LCAP).
The County O
ffice of Education has approved our budget but provided the following guidance for our next budget update.
“The multi-year projection included approximately $5.7M in revenue for the 2024-25 and 2025-26 fiscal years. The source of this projected revenue is contingent on an agreement with the city of Mountain View (City) over the Shoreline Community tax revenue that has not yet been finalized. Please provide a copy of the finalized agreement with the City or a signed letter of assurance from the City along with the First Interim Budget Report. If the agreement is not finalized or the City cannot provide a letter of assurance by the time of the First Interim Budget Report, due by December 15, 2023, this revenue should be excluded from the projection.”
Since the City intends to continue the Education Enhancement Reserve (EER) payments as has been discussed, I respectfully request a letter of assurance from the City of Mountain View to the Mountain View Whisman School District with the amount identi fied in the May 30, 2023 short term agreement of $5,689,415 with an adjusted payment calculated by applying it to the Minimum Payment the same percentage change in the property tax revenues compared to the preceding fiscal year as well as New Residential Property Tax Payment as identi fied in the agreement. Please include assurances in the letter through June 30, 2027, to assist MVWSD in its budgeting processes. This assurance letter will ensure MVWSD can accurately A foundation of excellence. A future of achievement.TM mvwsd.org Attachment 1
DistrictOfficeT650.526.35001400MontecitoAve.MountainView,CA94043 budget
and
report
revenue
to
the
County
and
avoid
any
potential
negative
consequences
associated
with
budget
adjustments
and
drops
in
reserve
levels.
We
greatly
appreciate
your
assistance
in
this
matter.
Sincerely,
Rebecca
Westover
Chief
Business
Officer
Cc:
Kimbra
McCarthy,
City
Manager
Attachment:
Letter
from
County
on
Budget
Process
Afoundationofexcellence.Afutureofachievement.
TM
mvwsd.org