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Meeting Date:
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9/3/2019 - 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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10.2 2018-2019 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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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 2018-2019 District audit.
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Background:
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By California statute, our District is required to file the Board of
Education approved 2018-2019 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 2018-
2019 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 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 2018-2019 annual
District audit.
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Fiscal Impact
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The 2018-2019 ending fund balance for the General Fund is
$11,146,555.76 (Unrestricted $6,551,218.33; and Legally Restricted
$4,595,337.43). On the unrestricted side, $4,851,880.00 is
designated as a 3% reserve for economic uncertainty, $267,987.58
accounts for revolving cash and stores inventory, $895,718.00
is designated for encumbrances and carryover, and $535,632 for future adjustments for staffing and pension increases.
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Superintendent's Recommendation:
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Our Superintendent recommends approval of the 2018-2019
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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Susan Kinder - Assistant Superintendent
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Signed By:
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Kelly Bowers, Ed.D. - Superintendent
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Vote Results:
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| Original Motion | Member Anne White Moved, Member Emily Prusso seconded to approve the Original motion 'Our Superintendent recommends approval of the 2018-2019
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 | | Chuck Rogge | Yes | | Chris Wenzel | Yes | | Anne White | Yes | | Emily Prusso | Yes | |
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