Agenda Item
Meeting Date:
9/5/2017 - 6:00 PM  
Category:
DISCUSSION / ACTION ITEMS  
Type:
Action  
Subject:
10.1 2016-2017 Unaudited Actual Financial Reports  
:
 
Attachment Summary:
Reports by Fund and Supplemental Forms  
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
2016-17 EPA Expenditure Summary.pdf
Attendance.pdf
Categoricals.pdf
Certification.pdf
Current Expense.pdf
Indirect Cost.pdf
Lottery.pdf
NCLB Maintenance of Effort.pdf
Summary of Interfund Activities.pdf
Special Education Maintenance of Effort.pdf
 
Quick Summary / Abstract:
The District’s financial statements are now complete and have been reported in the State Standardized Account Code Structure (SACS) report format. Upon approval, they will be submitted to the Alameda County Office of Education and to the District’s auditors for review and inclusion in the annual 2016-2017 District audit.  
Background:
By California statute, the District is required to file the Board of Education approved 2016-2017 Unaudited Actual Financial Reports with the Alameda County Office of Education by September 15th. This information provides detail for the actual revenue received and expenses incurred from each of the District’s funds during the 2016-2017 fiscal year. Additionally, the Unaudited Actual Financial Reports contain the actual ending fund balance that will roll into the current year as the beginning balance. It is important to recognize that any increase or decrease to the beginning balance may impact the current year budget.  
Status:
The District’s financial reports are now complete and have been entered into the Standardized Account Code Structure (SACS) software of the California Department of Education. Upon approval by the Board of Education, they will be submitted to the Alameda County Office of Education. Additionally, they will be submitted to the District’s auditors for review and inclusion into the 2016-2017 annual District audit.  
Fiscal Impact:
The 2016-2017 ending fund balance for the General Fund is $11,561,176.84 (Unrestricted $8,990,042.27; and Legally Restricted $2,571,134.57). On the unrestricted side, $4,027,656.00 is designated as a 3% reserve for economic uncertainty, $217,428.40 accounts for revolving cash and stores inventory and $1,029,853.50 is designated for encumbrances and carryover. The undesignated balance remaining is $3,715,104.37.
 
Superintendent's Recommendation
The Superintendent recommends approval of the 2016-2017 Unaudited Actual Financial Reports.  
Approvals:
Recommended By:
Signed By:
Susan Kinder - Assistant Superintendent
Signed By:  
Kelly Bowers, Ed.D. - Superintendent
 
Vote Results:

Original Motion
Member Kate Runyon Moved, Member Anne White seconded to approve the Original motion 'The Superintendent recommends approval of the 2016-2017 Unaudited Actual Financial Reports.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Kate Runyon     Yes
Craig Bueno     Yes
Chuck Rogge     Yes
Chris Wenzel     Yes
Anne White     Yes