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Meeting Date:
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12/17/2024 - 5:30 PM
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Category:
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Business and Finance
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Type:
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Action
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Subject:
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14.1 Approval of 2024-2025 Azusa Unified School District (AUSD) First Interim Financial Report
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Strategic Goals:
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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.
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Enclosure
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File Attachment:
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Rationale:
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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 2024-2025 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.
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Budgetary Impact:
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Recommendation:
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It is recommended the Board of Education approve 2024-2025 AUSD First Interim Financial Report.
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Approvals:
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Recommended By:
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Signed By:
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Patricia Loera - Secretary to the Assistant Superintendent, Business Services
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Signed By:
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Latasha Jamal - Assistant Superintendent, Business Services
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Signed By:
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Arturo Ortega - Superintendent
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Vote Results:
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| Original Motion | | Member Carlos Ramos Moved, Member Adrian Greer seconded to approve the Original motion 'It is recommended the Board of Education approve 2024-2025 AUSD 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 | | Sandra Benavides | Yes | | Carlos Ramos | Yes | |
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