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Meeting Date:
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9/6/2022 - 7:00 PM
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Category:
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DISCUSSION / ACTION ITEMS
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Type:
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Action
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Subject:
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10.1 2021-2022 Unaudited Actual Financial Reports
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Attachment Summary
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Reports by Fund, Supplemental Forms
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File Attachment:
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Quick Summary / Abstract:
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Background:
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By California statue, our District is required to file the Board of Education approved 2021-2022 Unaudited Actual Financial Reports with the Alameda County Office of Education (ACOE) by September 15th. This information provides detail for the actual revenue received and expenses incurred from each of our District's funds during the 2021-2022 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.
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Status
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Our District's financial reports are now complete and have been entered into the Standardized Account Code Structure (SACS) software of the ACOE. Upon approval of our Board of Education, they will be submitted to ACOE. Additionally, the reports will be submitted to the District's auditors for review and inclusion into the 2021-2022 annual District audit.
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Fiscal Impact
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The 2021-2022 ending fund balance for the General Fund is
$18,732,077.41 (Unrestricted $7,498,053.74; and Legally Restricted
$11,234,023.67). On the unrestricted side, $5,329,726.00 is
designated as a 3% reserve for economic uncertainty, $369,403.14
accounts for revolving cash and stores inventory, $1,487,217.00
is designated for encumbrances and carryover, and $311,707.60 for future adjustments for staffing.
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Superintendent's Recommendation:
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Approval of the 2021-2022 Unaudited Actual Financial Reports
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Approvals:
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Recommended By:
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Signed By:
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Jodi Robison - Executive Assistant
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Signed By:
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Susan Kinder - Assistant Superintendent
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Signed By:
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Chris Van Schaack - Superintendent
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Vote Results:
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| Original Motion | | Member Emily Prusso Moved, Member Anne White seconded to approve the Original motion 'Approval of the 2021-2022 Unaudited Actual Financial Reports'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Craig Bueno | Yes | | Anne White | Yes | | Emily Prusso | Yes | | Kristie Wang | Yes | | Yanira Guzman | Yes | |
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