|
|
|
|
|
|
|
|
|
Meeting Date:
|
4/10/2025 - 4:30 PM
|
|
Category:
|
BUSINESS SERVICES - ACTION ITEMS
|
|
Type:
|
Action
|
|
Subject:
|
9.1 Resolution No. 24 - 2024/2025 Year End Budget Adjustments
|
|
Strategic Plans:
|
|
|
Enclosure
|
|
|
File Attachment:
|
|
|
Rationale:
|
The Resolution for Year End Budget Adjustments will serve as the consent of the Governing Board to make the necessary balancing transfers at the close of the current fiscal year. Year end budget adjustments allow budget transfers and expenditure adjustments to occur as part of the year-end closing process for the 2024/25 fiscal year. This is required for budget balancing purposes and for appropriate expenditure classification to be reflected in the final 2024/25 financial reports.
|
|
Funding:
|
|
|
Fiscal Impact
:
|
|
|
Background
:
|
According to Education Code Section 42601 and 42602, at the close of the fiscal year, a school district may, with the approval of the Governing Board, submit to the County Superintendent of Schools, appropriation transfers between the district's designated or unappropriated fund balances and any expenditure classifications as necessary to permit the payment of obligations of the district incurred during that school year.
|
|
Recommendation:
|
Adopt Resolution No. 24 - 2024/2025 Year End Budget Adjustments.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Francine Story - CBO
|
|
|
Signed By:
|
|
|
Bruce Bivins - Superintendent
|
|
|
|
|
|
|
|
|