California Department of Education (cde) - Education Protection Account (epa)

BETIYT. YEE California State Controller November 15, 2018 The Honorable Tom Torlakson, Superintendent of Public Instruction California Department of Education 1430 N Street Sacramento, CA 95814 Dear Mr. Torlakson: The State Controller's Office audited the Education Protection Account (EPA), recorded in the State General Fund, for the fiscal years ended June 30, 2016, and June 30, 2017. The EPA, administered by the California Department of Education, was created to receive and disburse revenues derived from the incremental increases in taxes imposed by the California State Constitution, Atticle XIII, Section 36, subdivision (f), and to provide general-purpose funding in accordance with subdivision (e)(3)(A) and (B) to local education agencies (school districts, county offices of education, and charter schools) and community college districts. The incremental increases in taxes recorded in the EPA for the fiscal years ended June 30, 2016, and June 30, 2017, were used and accounted for in a manner consistent with the California State Constitution, Article XIII, Section 36. If you have any questions, please contact Joel James, Chief, Financial Audits Bureau, by telephone at (916) 323-1573. Sincerely, ,t&: BR:WNFIBLD, CPA Chief, Division of Audits NB/as