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District to present fiscal update to SBRC after categorical carryover exceeds UAB
Summary
School finance staff told the board the district will appear before the School Budget Review Committee in December to explain categorical carryover that exceeded the unspent authorized balance; staff outlined strategies including transfer to the flexibility account and spending plans.
Clear Creek Amana finance staff told the board the district must present a fiscal update to the School Budget Review Committee (SBRC) on Dec. 16 after the district’s categorical carryover balance exceeded its unspent authorized balance (UAB) for the fiscal year.
Laura (finance staff) explained that drivers of the fiscal position include supplemental state aid determinations, open-enrollment tuition outflows and enrollment variables. She said the district filed its Certified Annual Report (CAR) on Sept. 15, which establishes the…
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