Agenda Item
Meeting Date: 12/10/2019 - 7:00 PM
Category: DISCUSSION ACTION ITEMS
Type: Action
Subject: 12.5 First Period Interim Financial Report
:
Attachment Summary: Reports by Fund, Supplemental Forms, Budget Report
File Attachment:
Fund 01.pdf
Fund 11.pdf
Fund 12.pdf
Fund 13.pdf
Fund 14.pdf
Fund 17.pdf
Fund 20.pdf
Fund 21.pdf
Fund 25.pdf
Fund 35.pdf
Fund 51.pdf
Fund 67.pdf
Fund 73.pdf
Attendance.pdf
Cashflow.pdf
Multi-year Projection.pdf
ESMOE.pdf
Certification.pdf
Criteria & Standards.pdf
EPA Expenditure Summary.pdf
Budget Report.pdf
Quick Summary / Abstract: The District's First Period Interim Financial Report as of October 31,
2019 is being presented to our Board for approval.
Background: The California Department of Education requires school districts to
submit two certified interim financial reports per fiscal year; the First Period Interim Financial Report as of October 31, 2019, and the
Second Interim Period Financial Report as of January 31, 2020.
Status The First Period Interim Financial Report for 2019-2020 is submitted
to our Board for approval. The information provided in the First
Period Interim Financial Report accounts for the changes made to the
budget between the July 1st Adopted Budget and the closure of the
accounting period of October 31, 2019. The report projects the
District will end the year with an ending fund balance of $5,536,786.
The District is designating $50,000 for the revolving fund, $200,000
in estimated warehouse inventory, and $4,804,574 as a 3% reserve
for economic uncertainty. This allows $482,212 to be allocated
toward future pension liability.
Fiscal Impact The total of projected expenditures for the General Fund Budget as
of the First Interim is $160,152,452.
Superintendent's Recommendation: Our Superintendent recommends approval of the 2019-2020 First
Period Interim Financial Report.
Approvals:
Recommended By:
Signed By:
Susan Kinder - Assistant Superintendent
Signed By:
Kelly Bowers, Ed.D. - Superintendent
Vote Results:

Original Motion
Member Chris Wenzel Moved, Member Chuck Rogge seconded to approve the Original motion 'Our Superintendent recommends approval of the 2019-2020 First
Period Interim Financial Report.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Craig Bueno     Yes
Chuck Rogge     Yes
Chris Wenzel     Yes
Anne White     Yes
Emily Prusso     Yes