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Meeting Date:
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9/5/2023 - 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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9.2 Approval of the 2022-2023 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 statute, our District is required to file the Board of Education approved 2022-2023 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 2022-2023 fiscal year. Additionally, the Unaudited Actual Financial Reports contain the actual ending fund balances 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 2023-2024 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. Upon approval by 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 2022-2023 annual District audit.
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Fiscal Impact
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The 2022-2023 ending fund balance for the General Fund is
$28,302,409.66 (Unrestricted $6,316,857.98; and Legally Restricted
$21,985,551.68). On the unrestricted side, $5,849,266.00 is designated as a 3% reserve for economic uncertainty, $337,078.49 accounts for revolving cash and stores inventory, and $130,513.49 for future Board priorities
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Superintendent's Recommendation:
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Approve the 2022-2023 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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Anne Spalasso - Executive Assistant - Senior Cabinet
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Signed By:
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Teresa Fiscus - 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 Steven Drouin Moved, Member Emily Prusso seconded to approve the Original motion 'Approve the 2022-2023 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 | | Emily Prusso | Yes | | Kristie Wang | Yes | | Yanira Guzman | Yes | | Steven Drouin | Yes | |
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