Business Services

These are the budgets per year, estimates and actuals

Local educational agencies (LEAs) are required to file two reports during a fiscal year (interim reports) on the status of the Local educational agencies financial health. The first interim report is due December 15 for the period ending October 31. The second interim report is due March 17 for the period ending January 31. The interim reports must include a certification of whether or not the Local educational agency is able to meet its financial obligations.

Revenues generated from Proposition 30 are deposited into a newly created state account called the Education Protection Account (EPA).

After the close of business on June 30 of each year, the District begins reviewing the activity for the prior year and closes the books. Expenditures are analyzed to determine if they would be an appropriate categorical expenditure. Income that was documented to be received in the prior year is set up as an accounts receivable. Each expenditure that was documented to be due in the prior year is set up as an accounts payable. The District also reviews many other financial areas including but not limited to inventory, fixed assets, and debt. When all of this activity is completed, we have a report we call the Unaudited Actuals, which must be approved by the Board and submitted to the County Superintendent of Schools by September 15. As with the budget reports, this is in the State mandated report format. This report is reviewed by the Auditors as the perform their annual review. They then submit an Audit Report, which summarizes information contained in the Unaudited Actual. The Audit Report is submitted to the State and County Superintendent of Schools by December 15.