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District Achieves Financial Milestone Ahead of Deadline

October 03, 2024 | Show Low Unified District (4393), School Districts, Arizona


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District Achieves Financial Milestone Ahead of Deadline
During a recent government meeting, officials highlighted significant developments in educational finance and operations, including a successful annual conference and the completion of the annual financial report (AFR).

This year’s conference, held in Vail, attracted 700 professionals from across the state, with a delegation of 24 staff and administrators from the district participating. The event focused on enhancing instructional strategies through the \"Beyond Textbooks\" initiative, which aims to improve educational outcomes.

In financial matters, Karen Smith presented the annual financial report, emphasizing its importance as a comprehensive summary of the district's financial activities for the fiscal year. The report, which is statutorily required to be submitted by October 15, was completed ahead of schedule, showcasing the district's commitment to transparency and efficiency. Smith noted that the report includes detailed breakdowns of revenues and expenditures across various funding sources, including maintenance and operations, capital funds, and grants.

The total expenditures for the year amounted to approximately $41.5 million, with over $17 million allocated to maintenance and operations, primarily for salaries and benefits. The Classroom Site Fund, previously known as Prop 301, accounted for nearly $8 million, strictly designated for teacher salaries and benefits.

Smith also discussed the district's compliance with federal and state requirements, including the submission of reports related to COVID-19 funding and the maintenance of effort tests for federal dollars. The district's proactive approach in managing its finances and adhering to regulations was commended, reflecting strong leadership and organizational capability.

As the meeting concluded, officials reminded attendees of the upcoming fall break, allowing students and teachers a well-deserved respite. The discussions underscored the district's ongoing efforts to enhance educational quality while maintaining fiscal responsibility.

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Scribe from Workplace AI
Scribe from Workplace AI