|
|
|
|
|
Meeting Date:
|
9/4/2018 - 7:00 PM
|
|
Category:
|
DISCUSSION / ACTION ITEMS
|
|
Type:
|
Info/Action
|
|
Subject:
|
10.3 2017-2018 Unaudited Actual Financial Reports
|
|
:
|
|
|
Attachment Summary
|
|
|
File Attachment:
|
|
|
Quick Summary / Abstract:
|
Our 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 our District’s auditors for review
and inclusion in the annual 2017-2018 District audit.
|
|
Background:
|
By California statute, our District is required to file the Board of
Education approved 2017-2018 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 our District’s funds during the 2017-
2018 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
:
|
Our 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 our 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 2017-2018 annual District audit.
|
|
Fiscal Impact
:
|
The 2017-2018 ending fund balance for the General Fund is
$13,719,725.58 (Unrestricted $9,479,580.23; and Legally Restricted
$4,240,145.35). On the unrestricted side, $4,593,398.00 is
designated as a 3% reserve for economic uncertainty, $242,372.82
accounts for revolving cash and stores inventory, $2,922,646.00
is designated for encumbrances and carryover, $250,000.00 for refreshing of equipment, and $1,471,163.41 for future year mandated STRS/PERS obligations.
|
|
Superintendent's Recommendation:
|
Our Superintendent recommends approval of the 2017-2018
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 Chuck Rogge seconded to approve the Original motion 'Our Superintendent recommends approval of the 2017-2018
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 | |
|
|
|
|
|
|
|