(Required to pass: 55% of votes cast)

Shall the Kings River Union Elementary School District:

Prepare for future growth and provide facilities that best serve the students and community by constructing and equipping a multipurpose building, or a science lab and/or library, and by issuing $850,000 of bonds at interest rates below the legal limit?

Shall the Kings River Union Elementary School District:

In an effort to best serve the students in the Kings River Union Elementary School District and the communities of Kings River and London a plan is in place to build the necessary facilities. The first step is to pass a local bond measure in November 2005 that will make available funds for a multiuse room/food service facility. Step two is a bond measure to be on the June 7, 2006, ballot. Funds from the passage of this second bond along with anticipated state funding will make it possible to construct the multiuse building/food service facility as planned. This facility will be called the Kings River School-Community Center.

It is anticipated that this multipurpose school-community center will be used for a variety of activities to include but not limited to 1) school assemblies, 2) student plays and special programs, 3) graduation ceremonies, 4) the school breakfast and lunch program, 5) indoor athletic events, 6) recreation programs both during school and nonschool times, 7) community meetings, and 8) public use for special events. When this new center is available the former cafeteria will be remodeled and become a library-media center for both school and public use. Classroom space for anticipated growth will then be available and, in addition, there will be flexible use room for much needed evening adult education classes.

As required by the California Constitution, the proceeds from the sale of the bonds will be used only for the provision of school facilities by construction, reconstruction, rehabilitation or replacement of school facilities, including the furnishing and equipping of school facilities, or the acquisition or lease of real property for school facilities, and not for any other purpose, including teacher and administrator salaries and other school operating expenses. The proceeds of the bonds will be deposited to a Building Fund and the chief fiscal officer of the District will annually file a report with the Board of Trustees, which report shall contain information regarding the amount of funds collected and expended, as well as the status of the projects listed in the ballot measure.

The District’s Board of Trustees has certified that it has evaluated safety, class size reduction and information technology needs in developing the foregoing list.

The District’s Board of Trustees will conduct an annual, independent performance audit to ensure that the funds have been expended only on the project list set forth above.

The District’s Board of Trustees will conduct an annual, independent financial audit of the proceeds from the sale of the Bonds until all of those proceeds have been expended for the school facilities projects.

Pursuant to Section 15772 of the Education Code, the District’s Board of Trustees will appoint a citizens’ oversight committee and conduct annual independent audits to assure that funds are spent only on school and classroom improvements and for no other purposes.

As required by Section 53410 of the Government Code the following accountability measures are hereby made a part of the District’s Bond Measure (the "Measure"):

Section 1 of Article XIIIA of the California Constitution authorizes an increase of the ad valorem taxes to pay bonded indebtedness for construction, rehabilitation, or replacement of school facilities, including furnishing and equipping school facilities, if approved by 55 percent of qualified electors.

If 55 percent of the qualified electors voting on the measure vote in favor of the measure, the Kings River Union Elementary School District (the "District") will be authorized to incur debt by issuing general obligation bonds to provide financing for constructing and equipping a multi-purpose building, or a science lab and/or library. Proceeds may only be used for the stated purpose and not for any other purpose, including teacher and administrator salaries, or other school operating expenses.

If the measure is approved, the District will be authorized to increase the ad valorem taxes on property located within the District’s boundaries to pay the bond principal, interest and associated costs. The maximum principal amount of the proposed bonds is not to exceed $850,000.00. The bonds will bear interest at a rate not exceeding the legal limit. Interest will be established at the time of sale, depending on the market rates at that time. If issued under the Government Code, the maximum duration of the bonds cannot exceed 40 years. If issued under the Education Code, the maximum duration of the bonds cannot exceed 25 years. The exact effect on tax rates cannot be determined until after the bonds are sold.

Expenditure of bond revenues will be actively reviewed by an independent Citizens’ Oversight Committee. An independent financial audit of the proceeds, and an independent performance audit of the specific projects will be performed annually. An annual report will be prepared by the chief fiscal officer of the District, indicating the amount of funds collected and expended, and the status of any project listed in the measure.

The measure makes no change to existing law. The electors entitled to vote on this measure are the registered voters within the boundaries of the District. If the measure is not approved by at least 55 percent of the votes cast, the measure will fail and the bonds will not be issued.

KATHLEEN BALES-LANGE

Tulare County Counsel

By: Judy Chapman

Deputy County Counsel

An election will be held in the Kings River Union Elementary School District (the "District") on November 8, 2005, to authorize the sale of up to $850,000 in bonds of the District to finance school facilities as described in the proposition. If the bonds are approved, the District expects to sell the bonds in one series. Principal and interest on the bonds will be payable from the proceeds of tax levies made upon the taxable property in the District. The following information is provided in compliance with Sections 9400-9404 of the Elections Code of the State of California.

Voters should note that the estimated tax rates are based on the ASSESSED VALUE of taxable property on the County’s official tax rolls, not on the property’s market value. Property owners should consult their own property tax bills to determine their property’s assessed value and any applicable tax exemptions.

Attention of all voters is directed to the fact that the foregoing information is based upon the District’s projections and estimates only, which are not binding upon the District. The actual tax rates and the years in which they will apply may vary from those presently estimated, due to variations from these estimates in the timing of bond sales, the amount of bonds sold and market interest rates at the time of each sale, and actual assessed valuations over the term of repayment of the bonds. The dates of sale and the amount of bonds sold at any given time will be determined by the District based on need for construction funds and other factors, including the legal limitations on bonds approved by a 55% vote. The actual interest rates at which the bonds will be sold will depend on the bond market at the time of each sale. Actual future assessed valuation will depend upon the amount and value of taxable property within the District as determined by the County Assessors in the annual assessment and the equalization process.

Dated: May 9, 2005

Timothy G. Smith

Superintendent

Kings River Union Elementary School District

Your YES vote on Measure E will have a positive, lasting impact on your children’s school and the community.

Kings River Union students and the Kings River community have long benefited from educational opportunities provided by Kings River Union Elementary School. Though some of our facilities are over 40 years old, Kings River has maintained its buildings in excellent condition and has provided use of facilities for student and community groups. Our current multipurpose room/cafeteria was designed to seat 350 and with an enrollment of over 500 students, the space is simply too small for schoolwide events.

-- provide a larger multipurpose facility for school and community events

-- allow alternative uses for the current multipurpose room, with plans calling for expansion of the school library and implementing a science lab program

As taxpayers, we all agree on the importance of providing quality school programs and facilities for our children and our community.

-- help the District become eligible for approximately $1.0 million in State joint use funds

-- allow construction of a new multipurpose room with ample space for school and community functions

-- be used only for construction purposes – not to pay teacher or administrator salaries

-- establish a citizens’ oversight committee to ensure protection of taxpayer funds

-- require independent annual audits on all Measure E expenditures

Measure E will help Kings River Union School maintain its position as the center of community activities and will enhance the educational opportunities for its students.

Invest in our community’s future by voting YES ON

s/Lori Goossen

s/Rogelio Fernandez, M.D.

s/Penny Aaronian

s/Brian Ysusi