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Meeting Date:
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12/15/2022 - 7:00 PM
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Category:
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Information and Study Items
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Type:
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Action
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Subject:
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Budget: First Interim Report 2022-23
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District Priorities:
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Enclosure
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File Attachment:
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Summary:
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Education Code Sections 35015 and 35035 (g) require school district governing boards to certify their district's projected year-end and subsequent years financial condition twice a year. The certification shall be based upon required financial and budgetary reports, cumulatively entitled the "Interim Report".
After reviewing the Interim Report, the County Office of Education can make one of three certification statements. They are: (1) positive certification, meaning the District is and will remain, financially solvent through fiscal year-end and two subsequent years, provided appropriate adjustments are made; (2) qualified certification, meaning that if certain events do or do not occur, the District will not be able to meet its financial obligations; and (3) negative certification, meaning that the District will not be able to meet its financial obligations through fiscal year-end or two subsequent years.
Administration will present the First Interim Report for 2022-23 for discussion. The full report is available for review.
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Funding:
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Recommendation:
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Staff recommends that the Governing Board approve the First Interim Report with actual results as of 10-31-22, find that the District will be able to meet its financial obligations through 6-30-23 and two subsequent years, and, authorizes the Board President to certify and file a "positive" financial certification statement with the Santa Clara Office of Education.
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Approvals:
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Recommended By:
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Signed By:
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Carlena Grandey - Administrative Assistant to the Superintendent
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Signed By:
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Kristi Schwiebert - Superintendent
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