Agenda Item
Meeting Date: 3/5/2019 - 7:00 PM
Category: DISCUSSION / ACTION ITEMS
Type: Action
Subject: 10.4 Second 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
Cash Flow.pdf
ESSA Maintenance of Effort.pdf
Certification.pdf
Criteria and Standards.pdf
Multi-Year Projection.pdf
Budget Report.pdf
EPA Expenditure Summary 18-19 Second Interim.pdf
Quick Summary / Abstract: The District's Second Interim Financial Report as of January 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
Interim Financial Report as of October 31, 2018, and the
Second Interim Financial Report as of January 31, 2019.
Status The 2018-2019 Second Interim Report is submitted to our Board for
approval. The information provided in the 2018-2019 Second Interim
Report accounts for the changes made to the budget between the
First Interim Report and the closure of the accounting period of
January 31, 2019. The multi-year projection is based on the Governor's January proposed budget. The report projects our District will end the fiscal year with a fund balance of $5,378,072. Our District is designating $50,000 for the revolving fund, $150,000 in warehouse inventory and $4,895,666 as a 3% reserve for economic uncertainty. This allows $282,406 to be allocated toward future pension liability.
Fiscal Impact The total of projected expenditures for the General Fund Budget as
of the Second Interim are $163,188,847.
Superintendent's Recommendation: Our Superintendent recommends approval of the 2018-2019 Second
Interim Financial Report.
Approvals:
Recommended By:
Signed By:
Susan Kinder - Assistant Superintendent
Signed By:
Kelly Bowers, Ed.D. - Superintendent
Vote Results:

Original Motion
Member Anne White Moved, Member Emily Prusso seconded to approve the Original motion 'Our Superintendent recommends approval of the 2018-2019 Second
Interim Financial Report.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0.
The motion Carried 4 - 0
   
Craig Bueno     Yes
Chuck Rogge     Yes
Anne White     Yes
Emily Prusso     Yes