Agenda Item
Meeting Date:
12/12/2023 - 5:30 PM  
Category:
Business and Finance  
Type:
Info/Action  
Subject:
14.1 Approval of Azusa Unified School District (AUSD) 2023-2024 First Interim Financial Report  
Strategic Goals:
3. Budget and Finance
To be responsible stewards of public funds and maximize the resources needed to meet our goals, fulfill our priorities, and live up to our values.
 
Policy:
 
Enclosure:
 
File Attachment:
2023-2024 AUSD First Interim Presentation.pdf
2023-2024 AUSD First Interim Report.pdf
 
Rationale:
It is a requirement under Education Code Sections 35035(g), 42130, and 42131 as amended by Assembly Bill (AB) 1200 (Chapter 1213/1991), that school districts prepare and submit interim financial reports twice annually to their Governing Boards. AUSD is submitting the 2023-2024 First Interim Report with a "positive" certification and projects that reserves will meet the minimum 3% for economic uncertainties for the current and two subsequent years, as required by the Los Angeles County Office of Education and the State of California.  
Budgetary Impact:
 
Recommendation
It is recommended the Board of Education approve AUSD 2023-2024 First Interim Financial Report.  
Approvals:
Recommended By:
Signed By:
Melissa Vera - Secretary to Assistant Superintendent, Business Services
Signed By:  
Latasha D. Jamal - Assistant Superintendent, Business Services
Signed By:  
Arturo Ortega - Superintendent
 
Vote Results:

Original Motion
Member Gabriela Arellanes Moved, Member Adrian Greer seconded to approve the Original motion 'It is recommended the Board of Education approve AUSD 2023-2024 First Interim Financial Report.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Yolanda Rodriguez-Peña     Yes
Adrian Greer     Yes
Gabriela Arellanes     Yes
Sabrina Bow, Ed.D.     Yes
Sandra Benavides     Yes